Visa Report: Non-USD Stablecoins Become the Main Force in Cross-Border Payments

SmartContractAuditor

2026-03-25 13:21:17

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Odaily Planet Daily reports that payment giant VISA and data analytics platform Dune jointly released a report indicating that non-USD stablecoins are accelerating to become the actual “local currencies” in the crypto ecosystem, with significant growth in real-world applications in payments and settlements.

The report shows that unlike USD stablecoins primarily used for DeFi yield strategies, the core use cases for non-USD stablecoins have shifted to cross-border payments, remittances, B2B settlements, and foreign exchange management—real fund transfer activities. Their assets are mainly stored in user wallets, centralized exchanges, and institutional treasuries, making them more practically usable for circulation.

Data confirms this trend: as of February this year, the total supply of non-USD stablecoins reached $1.1 billion, nearly tripling since January 2023. During the same period, the total transfer volume surged from $600 million to $10 billion, an increase of over 1600%. Meanwhile, the number of addresses holding these stablecoins exceeded 1.2 million, and active sending addresses grew from about 6,000 to 135,000, reflecting a continuous influx of large user groups and a significant increase in ecosystem activity. (TheBlock)

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