The volume of stablecoin transfers in February amounted to $7.2 trillion, surpassing the U.S. Automated Clearing House (ACH) for the first time.

Data from the Artemis platform is based on a 30-day rolling volume of adjusted stablecoin transactions in dollars. The statistics exclude bot activity and transfers between internal wallets of cryptocurrency exchanges. ACH, with a volume of $6.8 trillion, is a cornerstone of the U.S. payment system. The system handles 93% of payroll payments in the states and connects over 10,000 financial institutions. Stablecoins also significantly outpaced Visa and PayPal. However, such impressive volumes raise suspicions of fictitious transfers. According to CoinMarketCap, the market capitalization of stablecoins is only $320 billion.