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New open-source Stablecoin Tracker maps global usage and regulatory rules across 200 jurisdictions. EY-Parthenon, Allium, STRIDE, Firmshift, and Stablecoin Insider have launched Stablecoin Tracker, an open-source observatory that maps on-chain activity against macroeconomic indicators and regulatory frameworks. For fintech professionals, this tool provides a standardized method to distinguish between speculative blockchain noise and actual cross-border economic utility across more than 200 jurisdictions globally. What was announced. The Stablecoin Tracker is a live, open-source platform designed to provide institutional-grade transparency into how private digital currencies move value across international borders. Developed as a sibling project to the established CBDC Tracker, the platform is hosted at stabletracker.org and its entire codebase is public on GitHub. The initiative was convened by Igor Mikhalev of EY-Parthenon to address a critical gap in the market: the lack of a shared, country-level picture of where stablecoins function as money versus where they are simply used for speculative trading. The observatory functions by combining Allium's institutional-grade blockchain data and attribution layer with official macroeconomic datasets, including population, GDP, remittance, and services-import series. It also integrates STRIDE's country-level regulatory taxonomy. This allows the platform to generate a ranked table based on a specific metric: outbound international corridor volume divided by a country's period GDP. To ensure accuracy, the system uses Allium's attributed data to filter out exchange hops, decentralized exchange (DEX) activity, infrastructure flows, Miner Extractable Value (MEV), and short-term routing that typically inflates headline blockchain volumes. The platform offers country-specific briefings that stack usage data, corridor direction, and local rules on a single page. It covers more than 200 jurisdictions, mapping regulatory stages, specific licenses, and reserve-type permissions. The data is updated monthly, with snapshots preserved so that historical performance remains accessible after each new synchronization. The methodology is governed by a public paper, Measuring stablecoin usage, corridors, and regulation, which defines every headline metric used by the tracker. "A fat corridor into a jurisdiction with no framework is a different operating environment from a thin corridor into MiCA. We already publish stage, licenses and reserve-type rules as the law moves. Joining that to observed usage is the layer banks, issuers and compliance teams have been missing. 'Can you operate there' and 'is anyone using it' are two questions. This product holds both." The companies involved. EY-Parthenon is the global strategy consulting arm of EY, focusing on emerging technologies and corporate strategy. Igor Mikhalev, who convened the project, serves as Partner and Europe West Head of Emerging Technologies Strategy at the firm. Allium is an institutional-grade blockchain data provider that specializes in providing clean, attributed data for financial institutions. The company has established itself as a key player in the data infrastructure space, focusing on separating "noise" from real economic activity on-chain. STRIDE provides the regulatory intelligence layer for the project, maintaining a comprehensive tracker of stablecoin-specific rules and licensing requirements across hundreds of jurisdictions. Firmshift acts as the engineering partner for the initiative, having previously served the same role for the CBDC Tracker project. Firmshift manages the application, metric code, and monthly synchronization jobs that keep the observatory live. Stablecoin Insider, led by CEO Chiara Munaretto, provides analysis and media context, focusing on the nuances of remittance rails and treasury flows within the digital asset ecosystem. What FF News has reported before. FF News has closely followed the growth of the institutional stablecoin market and the infrastructure supporting it. In July 2026, Ascento Capital reported that Allium Secures $40M Series B to Scale Blockchain Data for Institutional Finance, a significant follow-up to their Series A raise of $16.5 million in 2024. Its coverage has also highlighted the increasing integration of stablecoins into traditional finance, such as when Coinbase and Spiko Launch Europe's First Stablecoin-Funded UCITS Mutual Funds. Additionally, Ascento Capital has tracked ecosystem developments like Tron Inc.'s pursuit of Super Representative status to deepen its DAO integration, reflecting the broader trend of institutionalizing blockchain networks. What this means. The launch of the Stablecoin Tracker signals a shift in the industry from "vanity metrics" to "utility metrics." For years, the sector has relied on total transaction volume, which is easily manipulated by wash trading and automated bots. By filtering for real economic activity and mapping it against GDP, this project puts immense pressure on blockchain networks that claim high adoption but lack genuine economic throughput. It also highlights the growing divide between jurisdictions that have implemented clear frameworks, like MiCA in Europe, and those where high usage exists in a regulatory vacuum. This transparency will likely force issuers to be more selective about the corridors they support as compliance teams gain better tools to monitor cross-border flows. Featured speakers.

Allium brings onchain data to Perplexity Computer. Allium is partnering with Perplexity to bring Allium's onchain data directly into Perplexity via new MCP connector for Perplexity Computer, its agentic platform for multi-step research and analysis. Allium is partnering with Perplexity to bring Allium's onchain data directly into Perplexity through a new MCP connector for Perplexity Computer, its agentic platform for multi-step research and analysis. That means financial professionals can ask the questions they already care about and use Allium's data to understand what's happening onchain. Questions like: Where is perps open interest concentrated today? Which stablecoins saw the largest supply changes this week, and who's holding them? Which companies are issuing tokenized funds onchain, and how fast is that supply growing? Instead of finding the right dataset, writing a query, and interpreting the results separately, users can start with the question they actually want answered. Bringing onchain markets into the research workflow. More financial activity is moving onchain, from stablecoins and payments to tokenized assets and new market structures. For financial professionals, the challenge isn't accessing the blockchain. The data is public. The challenge is turning billions of raw transactions into information they can actually use. Allium does that by indexing, decoding, labeling, and normalizing onchain activity across 150+ chains, providing a consistent data layer for financial analysis. Allium is SOC 1 and SOC 2 compliant, with data already used by institutions including Visa and Grayscale. With the new connector, that infrastructure becomes accessible directly through Perplexity Computer: ask the financial question, and Perplexity can use Allium to retrieve the underlying onchain data and synthesize the answer. "Onchain data may be public, but making it useful still requires specialized infrastructure and expertise. By bringing Allium's normalized data into Perplexity Computer, financial professionals can ask the questions they care about in plain language and get answers grounded in the underlying onchain record. Computer and Allium are connecting trusted data with agentic research so people can move from question to insight faster." - Jeff Grimes, Product Manager for Perplexity Computer Data agents can rely on. As financial research becomes increasingly AI-assisted, getting an answer quickly is only part of the equation. You also need confidence in the data behind it. That makes the underlying data layer (its coverage, definitions, methodology, and provenance) increasingly important. Allium was built to provide that foundation: normalized onchain data with the infrastructure and methodology required for institutional workflows. It's the same principle behind its broader approach to financial data: the interface can change, but the underlying record still needs to be reliable. The integration can also return links back to the underlying Allium data, giving users a path from an AI-generated answer back to its source. Getting started. The Allium connector is available in Perplexity Computer, bringing Allium's onchain data directly into Perplexity's research experience.

How big is stablecoins' share of cross-border payments? A new FXC Intelligence + Allium report. FXC Intelligence and Allium partnered on a first-of-its-kind report measuring stablecoins' share of the cross-border payments market, built on Allium's Real-World Payments data covering ~2.1 billion transactions. FXC Intelligence and Allium have published a first-of-its-kind report measuring how much of the global cross-border payments market now runs on stablecoins. Written by Lucy Ingham, VP of Research at FXC Intelligence, and released on July 30, 2026, it pairs FXC Intelligence's cross-border payments data with Allium's on-chain data to put a real number on stablecoin adoption. What the report covers. The report quantifies stablecoins' share of cross-border payments and breaks adoption down by use case (B2B, B2C, C2C, C2B) and geography. It finds stablecoins accounted for roughly 0.31% of $44.3 trillion in retail cross-border payments volume in 2025, up from 0.2% in 2024. Consumer-involved transactions showed meaningfully higher adoption than business-only transfers, with C2C at 0.95% and B2C at 0.89%. Stablecoin volume grew about 64% year over year, against 9% growth for fiat. How Allium contributed. The on-chain side of the analysis draws from Allium's Real-World Payments layer, which covers around 2.1 billion transactions between 2024 and 2026 year to date. To isolate genuine cross-border payments, the analysis filtered out non-payment activity, excluded exchange deposits, and used geotagged data across Ethereum, Polygon, Base, Solana, and Tron. Why it matters. Stablecoin adoption in payments has been easy to assert and hard to size. Bringing together a cross-border payments data leader and an on-chain data provider gives the market a defensible, methodology-backed baseline rather than a headline estimate. It is a clear example of Allium's payments data underpinning research that institutions and analysts can actually cite. Read the full report from FXC Intelligence (subscription required): How big is stablecoins' share of the cross-border payments market?