Stablecoins Rising: $94 Billion Settled in Roughly Two Years
Stablecoins are emerging as a significant tool for digital payments, with $94.2 billion in transactions recorded from January 2023 to February 2025. Business-to-business transactions dominate, totaling an annual run rate of $36 billion, while card-linked stablecoin payments exceed $13.2 billion annually. Tether’s USDt (USDT) is the preferred stablecoin for payments, followed by Circle’s USDC. Tron and Ethereum lead in blockchain usage for stablecoin payments, with average B2B transaction sizes over $219,000. The stablecoin market cap reached $247.3 billion as of May 29, marking a 54.5% increase in one year. Governments and banks are increasingly interested in stablecoins for cross-border payments and commerce. U.S. lawmakers are working on regulations to support dollar dominance in the digital economy, while banks are exploring joint crypto stablecoin initiatives. Stripe has introduced stablecoin accounts in over 100 countries, reflecting growing demand for diverse stablecoin options.
