Two stablecoin metrics getting blurred into one narrative:
@coinbase x @TheBlockCo report (Oct 20): 73% of filtered stablecoin transfers in the 12 months ending July 31 happened outside US banking hours. Still includes automated txs.
Separate stat: Q3 2026 adjusted stablecoin volume hit $891B after stripping out bots and automation.
To gauge real payment adoption, you need to split:
• Transfer timing
• Bot-adjusted volume
• Actual unique users
On-chain volume ≠ user count. Don't confuse liquidity with adoption. @brian_armstrong
@coinbase x @TheBlockCo report (Oct 20): 73% of filtered stablecoin transfers in the 12 months ending July 31 happened outside US banking hours. Still includes automated txs.
Separate stat: Q3 2026 adjusted stablecoin volume hit $891B after stripping out bots and automation.
To gauge real payment adoption, you need to split:
• Transfer timing
• Bot-adjusted volume
• Actual unique users
On-chain volume ≠ user count. Don't confuse liquidity with adoption. @brian_armstrong