Stablecoins accounted for 60 per cent of total crypto purchase value processed through Mercuryo‘s on-ramp infrastructure in the first half of 2026, up from 43 per cent in the second half of 2025, according to the London-based payments infrastructure firm. On the off-ramp side, USDC and tether (USDt) represented 57 per cent of accepted off-ramp transactions in the same period, compared with 25 per cent a year earlier, while their share of total off-ramp turnover rose from 30 per cent to 56 per cent.

The most striking headline in the dataset is the volume trajectory. Stablecoin off-ramp transactions grew 446 per cent year on year, against 38 per cent for other digital tokens….