Business-to-business (B2B) transactions making use of stablecoins have rocketed around 60 times in volume since the start of 2023.
That’s according to data collated by crypto payment processing platform B2BINPAY in a recent report.
Among observed firms, from January 2023 to mid-2025, aggregated B2B stablecoin payment volumes surged from under $100m to more than $6bn per month, an increase of at least 5900%.
This adds to other recent published data showing a rapid take-off in stablecoin use.
By early 2025 Visa’s on-chain estimates suggested that stablecoins facilitated $20–$30bn per day in real payment transactions, with this driven primarily by remittances and settlement flows.
A report by Haver Analytics & CoinGecko in December found the stablecoin market had grown to $311bn, or 9.9% of the wider $3tn crypto ecosystem.
B2BINPAY noted this trend has been aided by banks and card networks repositioning as regulated gateways.
These financial institutions offer custody, on- and off-ramps, and settlement infrastructure linking stablecoins to fiat systems, meaning they are viewed as increasingly mainstream and distinct from other cryptocurrencies.
Last month B2BINPAY launched a new white label solution that enables operators to add crypto payments and wallet functionality without long development cycles.
Stablecoin usage is often highest in regions with challenging financial conditions, such as poor banking access, capital controls, or volatile local currencies.
Late last year, research from Bybit found that Ukraine and the US led the way in the use of stablecoins for transactions, with Nigeria ranked third.
There are two distinct attitudes towards adoption, the crypto exchange found.
One is utility-driven, with users – often in developing countries – focused on everyday life and payments.
The other is as a more efficient bridge to access to financial products or cryptocurrencies.
