Stablecoin Supply Tops $259.7B as DoorDash, Meta Test Payouts

Average stablecoin supply reached a record $259.7 billion over the past 12 months, and the tokens processed $76.2 trillion in total transaction volume during the same period.

On-chain activity included 15.9 billion total transactions and 409.3 million active unique addresses. After filtering out noise and non-economic activity, adjusted transaction volume was $13.2 trillion and adjusted transactions were 2.4 billion. Sending addresses totaled 330.8 million and receiving addresses totaled 390.5 million.

Supply growth began in 2024 and continued into 2026.

DoorDash is working with Stripe to pilot stablecoin payouts for about 10 million Dashers across more than 40 countries. Meta is testing stablecoin payments to creators in the Philippines and Colombia. The pilots are designed to move wages and creator payments across borders without converting into local currencies at each step.

Payward, the parent company of Kraken, agreed to acquire Reap Technologies for $600 million in a transaction that values Payward at $20 billion. Reap builds cross-border and business payment services that use stablecoins for settlement.

Jupiter’s jupUSD reached roughly 100,000 monthly active users. Monthly asset senders for the token rose from near zero in January 2026 to almost 100,000 by May 2026, with user counts doubling in the two months before May.

Matt Hougan, chief investment officer at Bitwise, estimates stablecoin supply could expand from about $300 billion today to as much as $4 trillion by 2030 if platforms adopt stablecoins for global payments.

Investment activity, pilot programs and rising on-chain use have accompanied the increase in supply.