Stablecoins Processed $46 Trillion in Annual Transfers: A16z

Summary

A report from venture firm a16z estimates stablecoins processed $46 trillion in annual transfers in 2025 — nearly triple Visa’s volume — though a filter for bots and inflationary activity cuts that figure to $9 trillion. Even the $9 trillion adjusted total exceeds PayPal’s annual transfers by more than fivefold, underscoring stablecoins’ outsized role in on‑chain value movement and settlement. The findings highlight the growing importance of stablecoins for high-volume payments and Treasury-like liquidity functions while intensifying scrutiny from regulators and traditional financial players over market integrity and systemic risk.