Galaxy Predicts Stablecoins to Surpass ACH Volume in 2026

Galaxy's annual predictions report forecasts that onchain dollar transfers via stablecoins will exceed the transaction volume of the US bank system's ACH network by 2026.

Price Action Details

The current price of the leading stablecoin, USDT, stands at $1.00 with a 24-hour change of 0.01%. Over the past 7 days, USDT has remained stable, showing a 0.02% increase, while the 30-day change is at 0.05%. Key support levels for USDT are at $0.998 and resistance at $1.002. The trading volume of USDT in the last 24 hours was $50 billion, which is slightly above the 30-day average of $48 billion. The market cap of USDT has reached $85 billion, reflecting its widespread use.

Driving Factors

Galaxy's prediction is driven by the increasing adoption of stablecoins for everyday transactions. On-chain data from Dune Analytics shows a 20% increase in stablecoin transaction volume over the past year. Significant whale activity was noted with a transfer of $100 million in USDT from a major exchange to a private wallet, suggesting growing institutional interest. The report from Galaxy also cites the growing number of merchants accepting stablecoins as a key catalyst for this projected growth.

Broader Market Context

Compared to Bitcoin and Ethereum, stablecoins like USDT offer a different value proposition, focusing on stability rather than volatility. The DeFi sector's total value locked (TVL) has grown by 15% in the last quarter, with stablecoins playing a crucial role, according to DefiLlama. The Fear & Greed Index currently stands at 65, indicating a slightly greedy market sentiment. Analysts from The Block suggest that the integration of stablecoins into traditional financial systems could be a significant driver for future growth.