Stablecoins Processed $35 Trillion, Yet Only 1% for Real Payments
- Stablecoins moved over $35 trillion on blockchain networks last year.
- Only about $380 billion, or roughly 1%, was used for actual payments like supplier transactions and remittances.
- This payment volume represents only approximately 0.02% of the total global payments, estimated at over $2 quadrillion annually.
- Key areas of stablecoin usage include business-to-business (B2B) transactions at $226 billion, payroll and remittances at $90 billion, and capital markets activities totaling $8 billion.
- Traditional payment companies like Visa and Stripe are increasingly entering the stablecoin space amid rising competition.
Despite the low percentage of real-world payments made with stablecoins, their potential as a payment rail remains significant. The report clarifies that much of the transaction volume is tied to crypto trading rather than direct consumer use.
With only about $380 billion in actual payments out of a total of $35 trillion processed by stablecoins, this highlights the need for further development in their application as a mainstream payment solution. (Source)
