Stablecoin infrastructure connects an issuer’s promise to redeem a token with the systems businesses use to move money. The practical question is where that connection improves settlement, and which dependencies remain when a payment crosses networks, currencies or banking systems.

Money Movement 2.0: 2026 Edition examines payment networks, interoperability, institutional trust and the applications being built around stablecoins. Its published contents include treasury, collateral, wholesale settlement, cross-border business payments and remittances.

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Define stablecoin payment volume

On-chain transfer volume needs a definition before it can support a payment-market comparison. Visa’s analytics distinguish adjusted activity from raw transfers and filter activity associated with bots, internal exchange operations and other sources of distortion. Adjusted volume still includes uses beyond payments. A gross blockchain total therefore cannot establish a like-for-like comparison with a payment network on its own. Source: Visa Onchain Analytics, transaction methodology.

Evaluate the complete transaction

Our suggested evaluation starts with one payment corridor. Record the sender’s starting currency, the recipient’s final funds and every conversion between them. Then compare the total fee, time to usable funds, redemption terms and handling of failed transfers. A fast token transfer answers only one part of that operational question.

The same approach helps assess interoperability. Document which party controls a transfer between networks, which asset the recipient receives and what happens if a service stops operating. These are proposed diligence questions, not claims that a named provider has passed them.

What the report covers

The published outline includes payment chains, cross-network messaging, reserve assurance, institutional examples and regulation across major markets. It also considers how stablecoin infrastructure may support treasury and capital-market workflows.

Sources and limits: This public introduction combines the report’s published contents with an external measurement reference. Visa’s dashboard is a live source, checked on 15 September 2026; it is not a snapshot of the report’s June data. No historical supply or payment-volume estimate is asserted here.

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