Paybis data shows settlement volume up 163% as USDC becomes the leading settlement stablecoin - markets.businessinsider.com

Paybis data shows settlement volume rising 163%, with USDC emerging as the leading stablecoin for settlement activity, according to Business Insider Markets. The figures point to a shift in how market participants move value on-chain, with a dollar-pegged token increasingly favoured for transaction settlement rather than purely as a trading asset.

The relevance lies in what settlement flows reveal about market structure. Stablecoins serve as the plumbing between trading venues, custodians and payment channels, so growth in settlement volume suggests more real economic use rather than speculative positioning alone. USDC's lead in this dataset implies that liquidity, issuer transparency and integration with institutional workflows are shaping preferences among users.

What to watch: whether the 163% growth persists across subsequent reporting periods or reflects a one-off surge, and whether USDC's settlement share holds as competing stablecoins adjust their offerings. Also worth monitoring is how regulatory clarity in major jurisdictions affects stablecoin choice, since settlement demand tends to follow trusted, well-audited issuers. For observers, the data is a useful gauge of deepening stablecoin utility — not a signal about price direction.