Stablecoins are becoming increasingly prevalent in the global monetary landscape, to the point where they represent a payment option widely favored by both businesses and individuals. Here’s an update…
Stablecoins: B2B payments surge by 300%
Since last June, the United States has had a regulatory framework—the GENIUS Act—tailored to support the development of dollar-backed stablecoins, which account for more than 99% of the currently available supply of these tokens.
This theoretical opening, however, must be put to the test to assess the sector’s actual growth over the past year. An analysis conducted by the research firm Artemis yielded an initial finding that will surprise no one: “In 2025, Tether’s USDT supply grew by $48.2 billion—more than the combined total of the next five issuers.”
With this dominance once again confirmed, the Artemis report takes a closer look at the use of stablecoins in the payments sector, where the most significant growth is in B2B (business-to-business) transactions, with “an annual growth rate of $76.8 billion, up approximately 300% from the previous year.”
Ethereum: P2B payments show the fastest growth
From a more technical perspective, the vast majority of transactions on the Ethereum blockchain—which accounts for 55% of the sector’s supply—are peer-to-peer (P2P), at 67%, while this represents only 24% of the volume.
Stablecoin payments see a significant increase
Insights on Ethereum shared on the X network by the Ethereum Foundation’s ecosystem lead, known by the pseudonym Snapcrackle, showing the following figures for the last 12 months:
- B2B volume up 156%;
- Average transaction amount up 45%;
- The P2B (person-to-business) sector is the fastest-growing, with a 167% increase.
Institutions aren’t sending more payments—they’re sending larger payments.
Snapcrackle
Flagship use case of the year: on-chain payment cards
From the perspective of decentralized applications (dApps), the Polymarket platform recorded “the highest number of stablecoin transactions (30d),” enabling Polygon to establish itself as the leading ecosystem in this field.
As for euro-denominated stablecoins, their previously almost non-existent supply has grown by 97%, now totaling $580 million—far ahead of other non-USD stablecoins in terms of supply and volume. Circle’s EURC leads the pack with $260 million in growth.
According to Artemis analysts, the flagship use case for 2025 involves on-chain payment cards. Indeed, their volumes have skyrocketed over the past 12 months, recording an increase of over 400%.
This sharp rise in adoption leads Artemis analysts to estimate that “2026 is shaping up to be the year of stablecoins.” This is especially true given Coinbase’s recent launch of a stablecoin creation protocol tailored for businesses.
