Stablecoin Payments Hit a New Record As Real-World Crypto Spending Accelerates
Stablecoin settlement volumes surged 70% between February and August 2025, driven primarily by accelerating real-world business-to-business commerce.Summary
Stablecoin settlement volumes have significantly increased, climbing 70% from $6 billion in February to over $10 billion by August 2025, indicating that digital dollars are moving beyond trading into mainstream commerce. Business-to-business (B2B) transfers are the main catalyst, accounting for nearly two-thirds of total payments and growing 113% in that period. Consumer channels, including card payments and B2C transactions, also showed substantial growth. Experts note this trend signifies the conversion of on-chain liquidity into spendable cash, allowing users to earn DeFi yields and spend assets in real time, effectively merging DeFi opportunities with traditional payment systems.
Regarding network dominance, while the Tron network still leads in stablecoin settlement, its market share has dropped from 66% to 48% as newer, high-throughput chains like Solana and Base gain traction. In terms of assets, Tether's USDT maintains a commanding lead with about 79% of payment volume, though Circle's USDC is expanding its footprint, increasing its share from 14% to 21% since February.
(Source：BeInCrypto)