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Stablecoins drive over 80% of nearly $1B daily volume on WalletConnect, highlighting crypto payment growth.

30 Oct 2026, 01:37 WIB
Crypto Briefing
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Bullish
Stablecoins drive over 80% of nearly $1B daily volume on WalletConnect, highlighting crypto payment growth.

Stablecoins now account for 82.5% of the nearly $1 billion daily volume flowing through WalletConnect, a network connecting crypto wallets to apps across blockchains. In the first half of 2026, stablecoin transactions totaled $171.35 billion out of $207.82 billion total volume, with Ethereum dominating 93% of stablecoin activity. WalletConnect's partnerships with payment firms Ingenico and Ezeebit indicate a push to expand stablecoin use beyond crypto traders into everyday commerce. This trend underscores the growing role of stablecoins as payment infrastructure and highlights Ethereum's strong position in stablecoin settlements.

While stablecoins dominate WalletConnect's volume at 82.5%, Ethereum remains central to this activity, holding 93% of stablecoin transactions. On Pluang as of Oct 30, 2026 05:51 WIB, ETH trades at Rp41.407.238, down 3.47% in one day, with a substantial 24-hour volume of Rp305,89 trillion. This contrasts with the typical hold time of 108 days on Pluang, indicating active trading amid stablecoin growth.

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