Binance Blog published a new article, revealing insights into the growing role of stablecoins in global payments. Between January 2023 and February 2025, stablecoins have settled $94.2 billion in payments, marking their evolution from a niche cryptocurrency segment to a significant player in the digital economy. This shift is driven by increased adoption, regulatory clarity, and milestones such as Circle's public listing on the New York Stock Exchange.
According to a report by Artemis, the stablecoin supply has surged to $239 billion by May 2025, with over 150 million blockchain addresses holding stablecoins and 10 million addresses transacting daily. Business-to-business transactions have become the largest use case, accounting for $36 billion annually, surpassing peer-to-peer, card-linked, and business-to-consumer payments. Deloitte has dubbed 2025 as "the year of payment stablecoins," highlighting their market cap exceeding $200 billion and expanding use cases beyond crypto trading, including remittances and B2B payments. Deutsche Bank's report estimates the stablecoin market has grown from $20 billion in 2020 to $246 billion, with Tether's USDT holding a significant market share.
Stablecoins offer a blend of stability and blockchain technology's efficiency, addressing traditional payment systems' challenges like reliability and cost. They provide a secure alternative in regions with unstable currencies or limited banking infrastructure. Traditional banks and fintech companies are exploring stablecoin integration, even as regulatory frameworks evolve. Legislative efforts like MiCA in the EU and the GENIUS and STABLE Acts in the U.S. are setting clearer rules for stablecoin use.
Regional adoption patterns vary, with the U.S. and Singapore leading in stablecoin flow, followed by Hong Kong, Japan, and the UK. In Latin America and Africa, stablecoins are used to hedge against inflation and facilitate cross-border business, while Asia remains a hub for stablecoin flows. In Europe and North America, stablecoins are gaining traction for cross-border B2B and remittance use cases.
Looking ahead, stablecoins are poised for further growth. Circle's successful IPO on the New York Stock Exchange underscores strong institutional demand and sets a new standard for transparency in the industry. As AI continues to transform economic activities, stablecoins could facilitate automated online value transfers, offering a frictionless alternative to fiat micropayments.
Platforms like Binance Pay are amplifying stablecoins' utility, enabling global access to crypto payments. Binance Pay supports over 300 cryptocurrencies and is accepted by thousands of merchants worldwide, offering fee-free transfers and seamless merchant integration. This contributes to the broader adoption of stablecoins as a payment and settlement infrastructure, not just for crypto enthusiasts but for everyday consumers and businesses. As regulatory frameworks mature, stablecoins could become as ubiquitous as the internet itself.
