Market Oversight
See what stablecoins are really used for in your market
Separate the $17T of real stablecoin activity from $176T reported, with a methodology you can cite. Used for BCG's research and shown at MAS's Future of Finance pavilion.
Know what is moving through your jurisdiction
Reported stablecoin volume is the wrong number to regulate
The $159T gap is intra-entity movement, routing, bots and wash trading. Allium removes it with a methodology you can cite.
-$100T
Intra-entity money movement
-$43T
Pass through routing (DEX, bridges)
-$9T
BOT / HFT activity
-$4T
Smart contract internals
-$3T
Wash trading and spam
$176T
Unadjusted onchain volume
$17T
Allium adjusted volume
$8B
Of stablecoin payments stayed inside APAC last year. Allium resolves sender and receiver geography across every corridor.
$872B
Real-world payment volume in 2025, broken down by counterparty type (B2B, B2C, C2B and C2C) and chain.
60%+
Of adjusted stablecoin consumer payment volume flows through Tron, concentrated in emerging markets and APAC corridors.
Show the math when your figure gets challenged
Without Allium
Policy set on headline volume that's mostly noise
Risk scores, not how the market works
Your figure gets challenged and you can't show the math
Methodology you can't audit or cite
Your analysis sits inside a vendor's tool
Your queries and findings run on someone else's infrastructure.
The New York Fed cited Visa and Allium research finding under 10% of stablecoin volume is organic (Nov 2025).
Every flow is classified as payments, investment or store of value, so policy rests on real activity.
Five documented layers, every exclusion traceable.
Accuracy measured by KTH Royal Institute of Technology at 0.000011% deviation from ground-truth node data.
Data lands in your Snowflake, BigQuery, Databricks or S3.
Joins against internal records happen inside your own infrastructure. No vendor access to your analysis.
September 15, 2026
State of Stablecoins and Payments: September 2026
Stablecoin payments reached between $401 billion and $527 billion in the first eight months of 2026, up 42% to 63% on the previous year. Businesses receive 58% to 64% of all payments, while cross-border stablecoin payments are growing 7 times faster than conventional fiat rails.
July 30, 2026
Onchain: The New Alternative Alpha
Perpetual futures and prediction markets now trade real money around the events that move markets, from the SpaceX IPO to the US-Iran oil shock to Fed decisions. This deck collects ten case studies on where that signal shows up first onchain and how investors can read it, all built on Allium data.
January 31, 2026
Stablecoins: The emergence of a new payment rail
Payments, Geography, Liquidity, and Blockchain Infrastructure (2024–2026)
Stablecoins are no longer just trading collateral. They are becoming payment infrastructure. This report analyzes $300B+ in labeled payment volume across 10,000+ protocols by counterparty, geography and use case.
"It's generated a lot of client traction, both in our active engagements and in client discussions and industry engagement. It's now a foundational piece of our digital assets practice infrastructure."
Max Zevin
Managing Director and Partner, BCG
Tell us what you oversee. We'll show you the methodology.
