Stablecoin supply$306BOct 2026USDT share60%of supplyReal stablecoin payments$390B2025Avg cost to send $2006.36%World BankUPI payments a day802MSep 2026Countries exploring a CBDC146May 2026India remittance inflows$135.46B2024-25Crypto card spend$18B+annualisedBharat Connect bills3.05B2025UK to India cost1.91%Q3 2025UAE to India cost3.72%Q3 2025Visa stablecoin settlement$20B+run rate

Market Research

Supply, volumes and who earns what. 7 researched stories with sources, key takeaways and FAQs.

Office desk with a smartphone and printed financial charts used for market research analysis
Photo: Jakub Żerdzicki on Unsplash

7 Market Research stories

Market dataWhere real stablecoin payments come from
$390Bgenuine stablecoin payments in 2025
+42%growth, Jan to Aug 2026
$20B+Visa stablecoin settlement run rate, Sep 2026

Source McKinsey and Artemis Analytics estimate of 2025 payment volume; Artemis 2026 year-to-date; Visa via The Block, September 2026.

MuffinPay waitlist

Send money, pay family bills and spend abroad. One app.

Transfer money home, pay rent, school fees and utilities straight to the biller, and spend on one card in any country. The first 10,000 people on the waitlist pay no MuffinPay transfer fee for life, and the next 100,000 get a year free.