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Morph, an Ethereum Layer 2 settlement network built for global crypto payments, today published its comprehensive industry report titled The State of Stablecoins 2026.
The release coincides with the launch of the $150 million Payment Accelerator backed by the Bitget ecosystem to accelerate real-world onchain payments and stablecoin adoption.
The moves highlight stablecoins’ transition from speculative tools to core financial infrastructure.
Morph’s report provides data-driven context on current growth while the accelerator funds builders who integrate stablecoins into everyday payments, remittances, and merchant flows on its high-performance Ethereum Layer 2 network.
Key Takeaways
- Stablecoins achieved a $312 billion market capitalization by the end of 2025 according to Morph’s State of Stablecoins 2026 report.
- The sector processed $33 trillion in annual transaction volume, surpassing the combined throughput of Visa and Mastercard.
- Morph launched a $150 million Payment Accelerator backed by Bitget to support onchain payment infrastructure and stablecoin adoption.
- The report forecasts annual stablecoin settlement volume to exceed $50 trillion by the end of 2026.
- Long-term projections show market capitalization surpassing $1.9 trillion by 2030, with stablecoins handling 5 to 10 percent of global cross-border payments.
Stablecoin Market Achieves Record Growth in 2025
According to Morph’s The State of Stablecoins 2026 report published April 8 2026, the total stablecoin market capitalization reached $312 billion by the end of 2025. This marks a 60-fold increase from $5 billion in 2020.
Annual transaction volume for stablecoins totaled $33 trillion in 2025 according to the report. This exceeds the combined throughput of Visa and Mastercard. Monthly volumes crossed $1.25 trillion in August 2025 and continued accelerating into 2026.
B2B transactions account for the majority of identifiable real-economy stablecoin activity.
Morph Launches $150 Million Payment Accelerator Backed by Bitget
Morph introduced the $150 million Payment Accelerator program in January 2026. The initiative, backed by the Bitget ecosystem including Bitget Wallet, targets payment companies, financial institutions, and infrastructure providers building on its Ethereum Layer 2 network.
Participants receive performance-based incentives tied directly to verified stablecoin volume settled on Morph mainnet, along with access to production infrastructure and distribution across Bitget’s user base of more than 120 million accounts.
The program supports applications such as regulated on/off-ramps, merchant acceptance, cross-border remittances, and instant wallet-to-wallet transfers.
What the Report and Accelerator Mean for Onchain Payments
The combination of detailed market analysis and targeted capital positions Morph as a leader in bridging traditional finance with blockchain settlement rails.
Stablecoins now deliver speed and cost advantages that traditional providers cannot match for frequent or cross-border flows.
By funding production-scale payment businesses, the accelerator aims to drive measurable onchain volume and enterprise adoption.
Morph’s low-cost, high-throughput Ethereum Layer 2 infrastructure makes stablecoins practical for real-world use cases that require instant finality and minimal fees.
Conclusion
Morph’s release of The State of Stablecoins 2026 report and its $150 million Payment Accelerator underscore the maturing stablecoin ecosystem.
With a $312 billion market cap and transaction volumes that now exceed major card networks, stablecoins have become essential infrastructure for global finance.
These initiatives from Morph will accelerate onchain payment adoption and support the sector’s projected expansion through 2030 and beyond.
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FAQs:
1. What is Morph’s State of Stablecoins 2026 report?
Morph’s State of Stablecoins 2026 report is an industry analysis that examines current stablecoin metrics, adoption trends, and future potential. It highlights a $312 billion market capitalization, record $33 trillion annual volumes, and growth forecasts through 2030.
2. How large has the stablecoin market grown?
According to the report, stablecoins reached $312 billion in market capitalization by the end of 2025 with $33 trillion in annual transaction volume. This growth outpaces traditional card networks and reflects deepening integration into payments and finance.
3. What is the Morph Payment Accelerator?
The $150 million Payment Accelerator is a Bitget-backed program launched by Morph in January 2026. It provides funding, incentives, and ecosystem support to companies building high-volume onchain payment solutions on the Morph Ethereum Layer 2 network.
4. What predictions does the report make for stablecoins?
The report forecasts annual settlement volume to exceed $50 trillion by the end of 2026. By 2030 stablecoin market capitalization is projected to surpass $1.9 trillion while handling 5 to 10 percent of global cross-border payments.
5. Why did Morph release the report and accelerator together?
Morph released the report to document stablecoin momentum and launched the accelerator to actively support builders who will drive the next phase of onchain payment adoption on its network.
Disclaimer:
This content is provided for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice; no material herein should be interpreted as a recommendation, endorsement, or solicitation to buy or sell any financial instrument, and readers should conduct their own independent research or consult a qualified professional.
