Report: Monthly adjusted stablecoin trading volume has surpassed Visa and PayPal

Delphi Digital released its 2026 Infrastructure Outlook report, which points out that stablecoins have become the most important infrastructure focus in the crypto space. This year, the total supply of stablecoins has grown by 33%, exceeding $304 billion; adjusted monthly transaction volume has now surpassed Visa and PayPal; and stablecoins hold $133 billion in US Treasury bonds, becoming the 19th largest holder of US Treasury bonds.