Stablecoin Payment Volume Nears $100 Billion
Stablecoins are steadily emerging as a reliable option for digital payments. Data from Artemis shows that $94.2 billion in stablecoin transactions were settled between January 2023 and February 2025.
The report highlights key areas of growth in stablecoin usage. Business-to-business transactions accounted for the largest share, with an annual run rate of $36 billion.
Card-linked stablecoin payments have also expanded, surpassing $13.2 billion in annual volume.
The report concludes that stablecoins have become “growing and significant components of the global payment infrastructure.”
Tether’s USDT is the most widely used stablecoin for payments, with Circle’s USDC trailing in second place.
Among blockchains, Tron and Ethereum dominate stablecoin transactions, with Binance Smart Chain ranking third.
Business-to-business transaction sizes on Tron and Ethereum average over $219,000, while other blockchains show much smaller B2B payment volumes.
The stablecoin market cap has grown rapidly, reaching $247.3 billion on May 29, marking a 54.5% increase in the past year, according to DefiLlama.
The utility of stablecoins for cross-border payments, remittances, and commerce is attracting attention beyond crypto circles.
Governments and banks are increasingly taking notice. In the United States, lawmakers are working to establish regulations for stablecoins to support dollar dominance in the digital economy.
Meanwhile, the United Arab Emirates and the European Union have already moved forward, creating regulatory frameworks for stablecoin issuers.
Major banks in the US are reportedly exploring the possibility of launching a joint crypto stablecoin, according to the Wall Street Journal.
Companies are also entering the space. On May 7, Stripe introduced stablecoin accounts for users in over 100 countries.
Demand for different types of stablecoins is expected to rise. At Token2049, Fireblocks policy chief Dea Markova told Cointelegraph that governments outside the US are showing increasing interest in non-dollar-backed stablecoins.
Sources:
https://cointelegraph.com/news/stablecoin-payment-volume-94b-driven-b2b-transfers
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