The stablecoin sector has seen significant growth over the last few years. With a 60-fold increase in market cap since 2020, the sector is likely to become a cornerstone of global financial infrastructure within the next decade.
In its State of Stablecoins report, the team at Morph, an Ethereum layer-2 payment network, highlights key sector findings from recent years. Some highlights include annual transaction volume growth and future predictions. Morph also announces its plans to tap into the growing market through a payment accelerator program.
The Growth of the Stablecoin Market
According to Morph, the stablecoin market has evolved from a “niche speculative tool” into a major part of global payment rails. Between 2020 and 2026, the stablecoin market cap has grown to $320 billion. The figure hovered around $312 billion by the end of 2025. These assets now facilitate at least $33 trillion in annual transaction volume, surpassing the combined volumes of Visa and Mastercard, which a
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