Stablecoins average over $400M per hour in transfers, Coinbase study finds

The striking detail is the timing: stablecoin flows skew to off-hours, when traditional rails are closed, which points to settlement demand that is structural rather than a byproduct of trading hours. That framing matters most for payment firms and banks weighing whether tokenized dollars are a niche or a parallel settlement layer. The 2027 projection is a growth-rate extrapolation, not a forecast, so whether off-hours usage keeps compounding — and what is actually driving those transfers — is the open question.