Coinbase-commissioned research reports $891 billion in adjusted stablecoin transfers for Q3 2026

Coinbase-commissioned research reports $891 billion in adjusted stablecoin transfers for Q3 2026, excluding trading infrastructure and automated activity. Adjusted quarterly transfers more than quadrupled from Q1 2023's $216 billion. The report measures transfer value rather than verified retail spending, with annualized growth since early 2023 at 49.9%. It projects nearly $1,500 billion in quarterly volume by Q4 2027 if current growth continues.