The $28 Trillion Illusion: What the Headlines don't tell you about that massive stablecoin number
In January 2026, the Boston Consulting Group (BCG) dropped a reality check that every merchant should read. According to their white paper, of the $62 trillion in gross stablecoin transfers in 2025, only $350–550 billion represented actual payments for goods and services.
Where does the rest come from? Trading,