#VietnamCryptoPolicy Stablecoins emerge as key players in global payments

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The Binance Blog published a new article revealing information about 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 an Artemis report, the supply of stablecoins has increased 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, representing $36 billion annually, surpassing peer-to-peer payments, card-linked payments, and business-to-consumer payments. Deloitte has dubbed 2025 as "the year of payment stablecoins," highlighting that their market capitalization exceeds $200 billion and use cases are expanding beyond cryptocurrency trading, including remittances and B2B payments. Deutsche Bank's report estimates that the stablecoin market has grown from $20 billion in 2020 to $246 billion, with Tether's USDT maintaining a significant market share.

Stablecoins offer a combination of stability and efficiency of blockchain technology, addressing the challenges of traditional payment systems such as reliability and cost. They provide a secure alternative in regions with unstable currencies or limited banking infrastructure.