Stablecoin Volume Skyrockets to Nearly $1.4 Trillion in May

On-chain transaction volume for stablecoins surged to nearly $1.4 trillion last month, according to analytics firm Sentora (formerly IntoTheBlock). This marks a significant milestone and comes on the heels of steady growth since early 2020. The chart published by Sentora on X (formerly Twitter) shows a consistent upward trend in monthly volume. May’s record-setting figure surpasses April’s $1.25 trillion and outstrips major legacy payment networks, with annualized stablecoin volumes already dwarfing Visa and Mastercard combined transaction figures.