Stablecoins reached a major milestone in February 2026, recording $7.2 trillion in monthly transaction volume and surpassing the Automated Clearing House, which processed $6.8 trillion. This marks the first time crypto-based payment rails have exceeded one of the most widely used banking systems in the United States.

The trend continued into March, with stablecoin volume climbing to $7.5 trillion, matching ACH activity. This shift highlights how blockchain-based payments are scaling to levels comparable with traditional financial infrastructure.