Tron, Ethereum Dominate as Stablecoin Payments Boom Worldwide

Stablecoins are no longer a niche tool within crypto—they’re rapidly becoming embedded in global commerce.

Recent figures from Artemis show that over $94 billion in stablecoin transactions were processed between early 2023 and February 2025, underscoring their rising influence in digital payments.

Business-to-business (B2B) settlements lead the charge, with an annual pace of $36 billion, while card-based stablecoin spending has surged past $13 billion. The data highlights that dollar-pegged digital currencies are now playing a meaningful role in modern payment rails.

Tether’s USDT is still the go-to stablecoin for users, followed by Circle’s USDC. On the blockchain side, Tron and Ethereum handle the bulk of these transfers, especially for high-value transactions. Notably, average B2B transfers on these two networks exceed $219,000, far outpacing those on other chains.

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The stablecoin market cap has soared to $247 billion, according to DeFiLlama, with increasing institutional interest. U.S. lawmakers are working on regulatory frameworks to ensure the dollar remains central in the digital age, while the UAE and EU have already taken the lead with clear legislation.

Traditional finance isn’t sitting on the sidelines either. U.S. banks are reportedly exploring a joint stablecoin project, and fintech giants like Stripe are enabling stablecoin payments in over 100 countries. As adoption spreads, there’s also growing interest in stablecoins not tied to the U.S. dollar, reflecting a more diversified global demand.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.