Stablecoin Payments Surge: Exceeding $390 Billion in 2025
According to a joint report by Artemis and Stablecon, stablecoin transaction volumes reached $390 billion in 2025, representing over a 730% year-on-year increase. Business-to-business (B2B) transactions accounted for 60% of the total, signaling a major shift in enterprise financial operations.
Transactions involving stablecoins linked to bank cards also surged, rising by 840% annually. This indicates a growing demand among enterprises for faster and more cost-effective payment solutions globally.
Cross-Border Payments: U.S., China, and Hong Kong Lead
In terms of cross-border flows, the U.S. emerged as the top recipient of stablecoin funds, with nearly $12.7 billion received monthly. China followed in second place with approximately $7.1 billion, while Hong Kong ranked third with close to $5.1 billion per month.
- United States: $12.7 billion monthly inflow
- China: $7.1 billion monthly
- Hong Kong: $5.1 billion monthly
Why Are Stablecoins Gaining Popularity?
AndrewVanAken, a data scientist at Artemis, noted that countries with the highest stablecoin adoption tend to be those with significant payment volumes. These economies are also more proactive in exploring innovative financial solutions.
Small and medium-sized enterprises (SMEs) have driven the adoption of stablecoins in B2B, primarily due to the need for faster cross-border payments and the desire to bypass traditional banking inefficiencies.