a16z Report: Stablecoin Trading Volume and Use Cases Are Growing Rapidly

According to a report released by a16z, stablecoins are evolving from transaction settlement tools into global financial infrastructure, with the focus of applications shifting toward local payments, and the Asian and Brazilian markets showing outstanding performance. Data shows that in the first quarter of 2026, adjusted stablecoin transaction volume reached 4.5 trillion USD; the volume of consumer-to-merchant stablecoin transactions increased by 128% year-on-year, reaching 285 million transactions; monthly collateral deposits for stablecoin card projects rose from nearly zero at the end of 2024 to over 300 million USD at the beginning of 2026; the circulation speed of stablecoins increased from 2.6 times in early 2024 to 6 times.