Stablecoin Transfers Averaged Over $400M Per Hour in Q3 as 73% Occurred Outside US Banking Hours

Native stablecoin transfers averaged over $400 million per hour in Q3 2026, according to a joint report by Coinbase and The Block Pro Research titled "The Always-On Dollar." Approximately 73% of monitored stablecoin transfer transactions occurred outside US banking hours during the 12 months ending July 31. Adjusted quarterly stablecoin transfer volume has quadrupled since early 2023, reaching $891 billion in Q3. At the current growth rate, the report projects volume will hit $1.5 trillion by the end of 2027. On cost efficiency, sending a $200 remittance via USDC on the Base network saves roughly 86% in fees compared with traditional channels.