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Stablecoins Climb to 60% of On-Ramp Volume in H1 2026, Up from 43%

Capital Flow On-Chain Data

2026-07-23 11:22:06

According to data from Mercuryo, stablecoins climbed from 43% to 60% of on-ramp volume in H1 2026, crossing the majority line in just one half-year period. The growth reflected structural demand amid macro headwinds and risk-off sentiment; USDT and USDC dominated the shift. Notably, 47% of new users made stablecoins their first crypto purchase, up sharply from 33% in H2 2025, signaling that stablecoins are increasingly the primary entry point rather than a secondary tool.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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