Skip to content Stablecoin supply $306B Oct 2026 USDT share 60% of supply Real stablecoin payments $390B 2025 Avg cost to send $200 6.36% World Bank UPI payments a day 802M Sep 2026 Countries exploring a CBDC 146 May 2026 India remittance inflows $135.46B 2024-25 Crypto card spend $18B+ annualised Bharat Connect bills 3.05B 2025 UK to India cost 1.91% Q3 2025 UAE to India cost 3.72% Q3 2025 Visa stablecoin settlement $20B+ run rate Stablecoin supply $306B Oct 2026 USDT share 60% of supply Real stablecoin payments $390B 2025 Avg cost to send $200 6.36% World Bank UPI payments a day 802M Sep 2026 Countries exploring a CBDC 146 May 2026 India remittance inflows $135.46B 2024-25 Crypto card spend $18B+ annualised Bharat Connect bills 3.05B 2025 UK to India cost 1.91% Q3 2025 UAE to India cost 3.72% Q3 2025 Visa stablecoin settlement $20B+ run rate
Insights Topics Stablecoins USDT, USDC and the digital dollar · 8 Regulation GENIUS, MiCA and Asia's rules · 15 Digital Currency CBDCs, e₹, e-CNY and digital euro · 15 Remittance Corridors, costs and money transfer · 9 Diaspora NRI money, families and the global diaspora · 12 Business Payments Trade, payroll, cards, FX and treasury · 12 GovTech DBT, public payments and digital infrastructure · 12 Bill Payments Paying bills across borders · 8 Payment Rails UPI, SWIFT, FedNow, Pix and more · 7 Companies Fintech, stablecoin and remittance companies to watch · 12 Market Research Supply, volumes and who earns what · 7 Crypto Cards Spend stablecoins anywhere · 9 Networks Ripple, Stellar and the chains · 5 Future of Payments Trends to 2030 and AI agents · 10 Guides Practical how-tos · 3 Latest Fintech Startups to Watch 2026: 14 Companies by the Numbers Fintech startups to watch in 2026 across the US, Europe, India, the Gulf, Africa and Mexico, with dated valuations, revenue and funding rounds for each.
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The reports that shape money 36 of the most cited reports and datasets on stablecoins, CBDCs, cross-border payments, remittances and India's digital finance, from the BIS, FSB, World Bank, central banks, regulators and leading research firms. Each card gives the key numbers, a link to the publisher's official copy and our own analysis.
36 reports and datasets Stablecoins McKinsey & Artemis 2025 Stablecoins in payments: what the raw transaction numbers miss Strips trading, bots and exchange shuffling out of on-chain volume to estimate the stablecoin flows that are real payments, split by B2B, P2P, C2B and B2C.
$390B genuine stablecoin payments, 2025~0.02% share of global payments
Stablecoins BIS 2025 Annual Economic Report 2025, Chapter III: the next-generation monetary and financial system The central banks' bank tests stablecoins against singleness, elasticity and integrity and argues tokenised central bank money is the better foundation.
3 tests stablecoins are said to fail2025 flagship BIS view
Stablecoins US Treasury (TBAC) 2025 TBAC charge Q2 2025: Digital money The Treasury Borrowing Advisory Committee's look at stablecoin growth, Treasury bill demand and the deposit outflows banks could face.
Q2 2025 presentation to TreasuryT-bills core reserve asset analysed
Stablecoins dashboard The open dataset most analysts use for stablecoin supply by token and by chain, updated continuously.
$306B total supply, Oct 2026~60% USDT share
Stablecoins Circle 2026 Fourth quarter and full year 2025 results The USDC issuer's audited numbers: reserve income, distribution costs paid to partners and USDC in circulation.
USDC issuer filingFY2025 full-year results
Market data a16z crypto 2025 State of Crypto 2025 Annual data report on users, stablecoins, institutional adoption and AI-agent payments, built from on-chain and industry data.
Annual industry data report2025 edition
Market data Galaxy Research 2026 Crypto and blockchain venture capital, Q4 2025 Quarterly count of venture deals and dollars into crypto and blockchain companies, by stage and sector.
Quarterly VC funding trackerQ4 2025 edition
Global Payments Report 2025 McKinsey's yearly sizing of payments revenue and transaction flows worldwide, with chapters on cross-border and stablecoins.
Annual payments revenue poolsGlobal coverage
Market data BCG 2025 Global Payments 2025 BCG's forecast of payments revenue and the shifts in where margin is earned, from cards to account-to-account and stablecoins.
$2.4T payments revenue by 20292025 edition
Targeted update on implementation of the FATF standards on virtual assets and VASPs The global AML standard-setter's annual check on how far countries have gone in licensing crypto firms and applying the Travel Rule.
Travel Rule country-by-country statusAnnual update
Regulation Basel Committee (BIS) 2022 Prudential treatment of cryptoasset exposures The bank capital standard for crypto and stablecoins, including the Group 1b test for stablecoins and the 1,250% fallback risk weight.
1,250% fallback risk weightJan 2026 implementation date
Regulation Basel Committee (BIS) 2024 Cryptoasset standard amendments Targeted amendments to the crypto standard, tightening the conditions for stablecoins to get favourable treatment.
July 2024 publishedGroup 1b stablecoin criteria
Public statement on the end of the MiCA transitional period What changed for crypto firms in the EU when grandfathering ended on 1 July 2026, and what national authorities expect.
1 Jul 2026 transition endedEU-wide licence passport
EBA classifies USDC as the first significant e-money token The first use of MiCA's significance test, moving a stablecoin under direct EBA supervision with tougher requirements.
Oct 2026 decisionFirst significant EMT
Digital currency Atlantic Council Live Central Bank Digital Currency Tracker The standard tracker of every country's CBDC work, from research to launch, with wholesale and cross-border projects.
146 countries exploring3 fully launched
Digital currency BIS 2025 BIS Paper 159: Results of the 2024 BIS survey on central bank digital currencies and crypto The central bank survey that shows how many monetary authorities are working on retail and wholesale CBDCs and why.
Survey of central banks2024 data
Digital currency Reserve Bank of India 2022 Concept note on Central Bank Digital Currency The RBI's founding document for the e₹: motivations, design choices, retail and wholesale models and the pilot approach.
e₹-R / e₹-W two variantsOct 2022 published
Digital currency European Central Bank 2024 Progress on the preparation phase of a digital euro The ECB's progress report on the digital euro rulebook, holding limits, privacy and the platform build.
2027 pilot pencilled in2029 possible issuance
Digital currency BIS Innovation Hub 2023 Project Polaris: handbook for offline payments with CBDC Technical guide to device-to-device CBDC payments: security models, double-spend risk and privacy trade-offs.
Offline design handbookCentral banks audience
Digital currency BIS Innovation Hub Ongoing Project Agorá Seven central banks and dozens of private banks testing tokenised deposits and wholesale central bank money on one platform.
7 central banksWholesale tokenised settlement
Cross-border payments Financial Stability Board 2025 G20 Roadmap for Cross-border Payments: consolidated progress report 2025 Scores the world against the G20's 2027 targets on cost, speed, access and transparency, and admits most will be missed.
35.4% retail payments credited within an hour2027 target year
Cross-border payments World Bank 2025 Remittance Prices Worldwide, Q1 2025 report The global benchmark for what it costs to send $200 and $500 across hundreds of corridors, by provider type and region.
6.36% global average, Q3 20253% UN target
Cross-border payments BIS 2025 Triennial Survey: OTC foreign exchange turnover in April 2025 The once-every-three-years census of the FX market: daily turnover, currencies, instruments and trading centres.
$9.6T FX traded per dayApril 2025 survey month
Cross-border payments GSMA 2026 State of the Industry Report on Mobile Money 2026 The annual census of mobile money accounts, transaction values and international remittances sent through mobile wallets.
$2.1T mobile money processed, 2025Annual edition
Cross-border payments ACI Worldwide Annual Prime Time for Real-Time Country-by-country data on instant payment volumes and their share of electronic payments, with forecasts.
~49% India's share of global real-time paymentsAnnual report
Cross-border payments Federal Reserve 2025 FEDS Notes: The global remittances cycle Fed economists on how remittance flows move with the business cycle in sending countries.
Feb 2025 publishedGlobal flows analysed
India Reserve Bank of India 2025 RBI Bulletin: sixth round of the India's Inward Remittances Survey Where India's remittances come from by country, how they are sent and how much each transfer costs.
27.7% share from the US19.2% share from the UAE
India Reserve Bank of India 2026 State Finances: A Study of Budgets The RBI's annual deep dive into Indian state budgets, debt, capital spending and transfers.
States budgets analysedAnnual study
India DBT Mission, Government of India Live DBT Bharat portal Official data on every direct benefit transfer scheme: beneficiaries, amounts transferred and estimated savings.
Live scheme-wise dataCentral and state schemes
India NPCI Live UPI product statistics Monthly UPI volumes and values, the most watched payments dataset in India.
802M payments a day, Sep 2026Monthly release
India Chainalysis via The Block 2025 India leads the Chainalysis global crypto adoption index Chainalysis's adoption ranking, which put India first in the world, with APAC the fastest-growing region.
#1 India in adoption indexAPAC fastest growing
Inclusion World Bank 2025 Global Findex Database 2025 The global survey of who has an account, who saves, borrows and pays digitally, with gender and country splits.
1.3B adults still unbankedGlobal household survey
Inclusion World Bank Ongoing G2Px: digitising government-to-person payments The World Bank programme and research on making social payments faster, cheaper and safer through digital channels.
G2P payments researchGlobal country programmes
Regional adoption Chainalysis 2025 Latin America crypto adoption 2025 How Argentina, Brazil and Mexico use crypto and stablecoins, from inflation hedges to business payments.
LatAm regional report2025 edition
Regional adoption Chainalysis 2025 Sub-Saharan Africa crypto adoption 2025 Stablecoin use for trade and savings in Nigeria, Kenya, South Africa and beyond.
Africa regional report2025 edition
Market data Cambridge Judge Business School & WEF 2025 Future of Global Fintech survey Survey of fintech firms worldwide on growth, regulation, AI and inclusion.
Global fintech survey2025 edition
Links open each publisher's official page or PDF, so you always get the current version. Figures are as cited in our articles.
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BIS2025
Circle2026
a16z crypto2025
BCG2025
World Bank2025
GSMA2026
ACI WorldwideAnnual
NPCILive
Chainalysis via The Block2025
Cambridge Judge Business School & WEF2025
