Stablecoin payments accounted for just 10% of total transaction volume in 2025, despite the perception of their widespread use, according to Artemis Analytics. The actual scale of stablecoin payments reached approximately $390 billion, doubling from 2024, yet still significantly lower than conventional estimates. This highlights the need for a deeper understanding of the true nature of stablecoin transactions, which are often inflated by non-payment activities such as trading and internal fund transfers.
The analysis reveals that stablecoins are primarily used in specific scenarios like B2B payments, global salaries, and cross-border remittances. B2B payments dominate, with a volume of approximately $226 billion, accounting for about 60% of total stablecoin payments. The majority of real stablecoin payment transactions are concentrated in Asia, particularly in Singapore, Hong Kong, and Japan. Despite the current low share in global payment volumes, stablecoins show significant growth potential, driven by their advantages in speed, cost, and liquidity management.
Stablecoin Payments Represent Only 10% of Total Transaction Volume
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