2026

Stablecoin

when

<p>Research from Coinbase and The Block Research found that 73% of screened stablecoin transfer volume occurred outside U.S. banking hours over the 12 months ended July 31, 2026, including nights, weekends and bank holidays.</p>
<p>The analysis measures transfer timing rather than aggregate value; within its screening scope, the result depicts <a href="https://cryptodaily.co.uk/glossary/dive-into-the-world-of-stablecoins-understanding-their-role-and-future" rel="noopener noreferrer nofollow">stablecoins</a> as a transfer network operating across the full day instead of only during U.S. business hours.</p>
<h2 id="data-snapshot">Data Snapshot</h2>
<p>MetricCurrentPreviousChangePeriodAs ofSourceShare of screened stablecoin transfer volume outside U.S. banking hours73%——Over the 12 months ended July 31, 2026July 31, 2026<a href="https://www.tbstat.com/wp/uploads/2026/10/The-Always-On-Dollar-Money-for-an-Economy-that-Doesnt-Close.pdf" rel="noopener noreferrer nofollow">The Block Research and Coinbase</a>Average organic stablecoin transfer activity per hourover $400 million an hour——Q3 2026Q3 2026<a href="https://www.tbstat.com/wp/uploads/2026/10/The-Always-On-Dollar-Money-for-an-Economy-that-Doesnt-Close.pdf" rel="noopener noreferrer nofollow">The Block Research and Coinbase</a>Adjusted stablecoin transaction volume$891 billion——Q3 2026Q3 2026<a href="https://www.coinbase.com/blog/the-always-on-dollar-money-for-an-economy-that-doesnt-close" rel="noopener noreferrer nofollow">Coinbase</a>Stablecoin unique addresses293 million——As of October 2026October 2026<a href="https://www.coinbase.com/blog/the-always-on-dollar-money-for-an-economy-that-doesnt-close" rel="noopener noreferrer nofollow">Coinbase</a></p>
<h2 id="73-of-screened-volume-fell-outside-u-s-banking-hours">73% of screened volume fell outside U.S. banking hours</h2>
<p>The <a href="https://www.tbstat.com/wp/uploads/2026/10/The-Always-On-Dollar-Money-for-an-Economy-that-Doesnt-Close.pdf" rel="noopener noreferrer nofollow">Coinbase and The Block Research report</a> puts the share of screened volume outside U.S. banking hours at 73% for the 12-month period ending July 31, 2026. That period includes a full year of transfer observations, rather than a single-quarter snapshot.</p>
<p>The result is bounded by the researchers’ methodology. The time-of-day analysis excludes transfers under $1, self-transfers, and minting and burning activity. It nevertheless includes automated transactions, meaning the 73% figure should be read as a measure of screened transfer volume, not solely manually initiated or bot-adjusted activity.</p>
<h2 id="q3-activity-exceeded-400-million-an-hour-around-the-clock">Q3 activity exceeded $400 million an hour around the clock</h2>
<p>In Q3 2026, stablecoins moved an average of over $400 million an hour in organic transfer activity around the clock, the report said. The hourly measure supplies a separate view of continuous throughput during the quarter.</p>
<p>It is not directly equivalent to the banking-hours finding. The Q3 hourly series is described as organic transfer activity, while the time-of-day analysis behind the 73% result includes automated transactions. The two readings therefore support an always-on activity picture on different screening bases.</p>
<p>The quarter-specific figure also does not establish how activity was distributed between banking and non-banking hours. That distribution is provided by the 12-month screen ending July 31, 2026.</p>
<p>Distribution of stablecoin transfer volume by time of day in 15-minute increments; 73% of screened volume occurs outside U.S. banking hours. — Source: <a href="https://cointelegraph.com/news/stablecoin-transfers-quadruple-to-891b-in-q3-2026-as-banks-test-the-technology" rel="noopener noreferrer nofollow">Cointelegraph; Coinbase and The Block Research via Dune Analytics</a></p>
<h2 id="q3-adjusted-stablecoin-volume-reached-891-billion">Q3 adjusted stablecoin volume reached $891 billion</h2>
<p>Separately, Coinbase said stablecoin transaction volume reached <a href="https://www.coinbase.com/blog/the-always-on-dollar-money-for-an-economy-that-doesnt-close" rel="noopener noreferrer nofollow">$891 billion in Q3 2026</a>, even when adjusting for automated activity and bots. This is a quarterly transaction-volume total, rather than an hourly average or a share based on the timing of transfers.</p>
<p>The bot-adjusted $891 billion figure offers a broader scale reference for Q3, but it should not be merged mechanically with the 73% time-of-day result. The two series use distinct treatment of automated activity, as described by the underlying research.</p>
<h2 id="293-million-unique-addresses-as-of-october-2026">293 million unique addresses as of October 2026</h2>
<p><a href="https://cryptodaily.co.uk/tag/coinbase" rel="noopener noreferrer nofollow">Coinbase</a> also reported 293 million stablecoin unique addresses as of October 2026. In that measure, a unique address is a blockchain address with a minimum stablecoin balance greater than 1e-9.</p>
<p>Address counts are not the same as an individual-user count, and the supplied definition is balance-based. Still, the figure provides the available participation-scale indicator alongside the transfer-volume data: 293 million addresses held at least the report’s stated minimum stablecoin balance as of October 2026.</p>
<p>Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.</p>

Coinbase Study Says 73% of Stablecoin Transfer Volume Happens Outside US Banking Hours

Table of Contents

Crypto Daily™

Other articles published on Oct 21, 2026

Join our free newsletter for daily crypto updates!