Stablecoin Settlement Volume Surpasses US ACH Network for Two Consecutive Months

Adjusted stablecoin settlement volumes reached $7.5 trillion in March, following $7.2 trillion in February, surpassing the US ACH network's monthly volume of $6.8 trillion. According to NS3.AI, Artemis Analytics data indicated that this crossover occurred for two consecutive months. Research from Mizuho Securities in April highlighted that Circle's USDC processed approximately $2.2 trillion in adjusted year-to-date on-chain volume, compared to $1.3 trillion for Tether's USDT.