Visa Report: Non-USD Stablecoin Usage Accelerating, Shifting from DeFi Tools to "Local Currency"

CycleProphet · 2026-03-25T13:15:33+00:00

According to a joint report by VISA and Dune, non-USD stablecoins have demonstrated significant growth in payments and settlements, becoming a practical "local currency." As of February 2023, their supply increased to 1.1 billion dollars, transaction volume surged to 10 billion dollars, and active addresses grew from 6,000 to 135,000.

CycleProphet

2026-03-25 13:15:33

Abstract generation in progress

Deep Tide TechFlow News, March 25 — According to The Block, payment giant VISA and Dune jointly released a report indicating that non-USD stablecoins are gradually being used as actual “local currencies,” with significant growth in their application in payment and settlement scenarios. Unlike USD stablecoins mainly used for DeFi yield strategies, non-USD stablecoins are more often used in cross-border payments, remittances, B2B settlements, and foreign exchange management. Their assets are primarily distributed across user wallets, centralized exchanges, and institutional treasuries.

Data shows that by February this year, the total supply of non-USD stablecoins reached $1.1 billion, nearly tripling since January 2023; during the same period, transfer volume surged from $600 million to $10 billion, an increase of over 1,600%. Currently, more than 1.2 million addresses hold related stablecoins, and active sending addresses have increased from about 6,000 to 135,000.

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