Taxonomy refresh — June 29, 2026
The entity↔category mapping is being revamped on June 29. Some classifications, entity assignments, and category-level counts on this page may shift after the rollout. Entity assignments under this category in particular may move.
Chain Breakdown
Attributed daily organic stablecoin vol
All chains · 90-day
Entity List
About this category
Payment processors, on/off-ramp providers, and crypto payment infrastructure — manually labeled with high confidence. Includes institutional payment rails operating across multiple chains.
Coverage metric
Attributed organic stablecoin volume: transfers initiated from labeled payment service addresses in the filtered_transfers table, which strips CEX deposits, DeFi interactions, and bridge traffic to isolate genuine payment-like flows (30-day window).
Why this metric
Filtered transfers strip CEX deposits, DeFi interactions, and bridge traffic to isolate genuine payment-like flows — the denominator reflects actual payment activity, not total stablecoin movement. Payment processors represent a concentrated, high-confidence layer of that market: institutionally labeled, manually verified, and trackable across chains.