Our Q3 State of Stablecoins & Payments report is live. 9 months of onchain data. 15+ industry perspectives, including Visa, Stripe, Coinbase, Citizens, Stellar, Moody's Ratings and more. From stablecoin supply to payments, cards and AI agents. Download the full report: allium.so/reports/state-of-s…

Tracking Stablecoin Supply Data on @TheTerminal: youtube.com/watch?v=k2UNTtBl…

Solana accounts for ~45% of adjusted stablecoin volume this year. On House of Sol, Ben Brophy and William Lai, Head of Institutions at @AlliumLabs, talk about what institutions are asking about stablecoins, tokenized assets, and DeFi. 0:00 William Lai and what Allium does 0:59 What institutions ask about 2:39 From vibes to numbers: product teams 4:27 Regulators and market abuse 5:42 Stablecoins: $85T raw vs. $4T adjusted 6:46 Solana: ~45% of adjusted stablecoin volume 7:09 B2B payments and trade finance 7:47 Tokenized assets and equities 9:03 RWA trading on Solana 10:41 DeFi and counterparty risk 13:08 Working with Allium

We filed a comment letter with FINRA on modernizing its best execution guidance. Our recommendation is the one we made to the SEC in August: standardize evidence, not outcomes. Proving a broker got you a good price has rested on the protected quote. That object is getting less universal. The same trade can arrive as an order-management log from one venue and a settled transaction on a public ledger from another. Both accurate, neither automatically comparable. A reported trade, a blockchain inclusion and legal settlement can be three different events. A confirmation does not prove the customer received the security. allium.so/blog/allium-commen…

Our new State of Stablecoins and Payments report is out. We were going to wait until the end of Q3, but with the CLARITY Act Senate vote here, we're sharing an initial version. So far in 2026: Supply: $303 billion, up 6% in a year Treasury demand: about 58 cents of new demand per dollar of supply (Citizens x Allium estimate) Payments: at least $401 billion, up 42%. Businesses receive 58% to 64% Cross-border: 0.31% of fiat payment value, growing 64% against 9% for fiat (FXC Intelligence x Allium estimate) Agentic payments: 29 million a month on x402, at 6 cents each Cards: $108 million a month on one issuer, 8x in a year allium.so/reports/state-of-s…

What does stablecoin adoption mean for U.S. Treasury demand? We worked with @CitizensBank to answer that question using Allium’s onchain data. The result: a new report connecting how stablecoins are used onchain with their impact on U.S. funding markets. The analysis finds that ~$295B in stablecoin supply translates to an estimated ~$170B in incremental U.S. Treasury demand. But the more important finding is where that demand comes from: payments, dollar savings and onchain activity behave very differently from exchange-held balances. This is exactly the kind of work we want to do more of at Allium: combining institutional expertise with onchain intelligence to answer questions that increasingly matter to global financial markets. Read the full report from Citizens + Allium: citizensbank.com/corporate-f…