Stablecoin payment volume reaches $94B, driven by B2B Transfers

Business-to-business transactions and card-linked stablecoin payments have grown, while Tether’s USDt has established dominance.

Stablecoins are gaining ground as a reliable tool for digital payments. New data from Artemis shows that $94.2 billion in stablecoin transactions were settled between January 2023 and February 2025.

The report shed light on a few specific rising areas for stablecoin payments. Business-to-business transactions made up the largest block, accounting for an annual run rate of $36 billion. Card-linked stablecoin payments have also grown, jumping above $13.2 billion in annual volume.

“Overall, stablecoins have established themselves as growing and significant components of the global payment infrastructure,” the report notes.

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