Market Overview: Asia-Pacific Stablecoin Landscape Market Overview Stablecoins entered 2026 as a structural layer of global finance, with total market capitalization reaching a new all-time high of $321B in May. In the first six months of 2026 alone, adjusted stablecoin transaction volumes reached $37.2T, already surpassing the full-year total recorded in 2025. This highlights their growing role as a global settlement rail across exchanges, wallets, payment providers, DeFi protocols, and institutional treasury flows. The market remains overwhelmingly dollar-denominated, with USD-backed stablecoins accounting for 99% of total market capitalization. However, usage is increasingly global, with more than 80% of stablecoin transaction…
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