A recent study highlights significant growth in the area of B2B payments using stablecoins, indicating an expansion of their application on the global stage.
Key Findings of the Study
The report, conducted by Artemis in collaboration with Castle Island Ventures and Dragonfly, revealed that B2B stablecoin payments surged from under $100 million in early 2023 to over $3 billion by 2025. This represents a 30-fold increase in just two years.
Geographic Corridors for Stablecoins
The report identifies key geographic corridors for stablecoin transactions, with the most active transactions originating from the USA, Hong Kong, Singapore, Japan, and the UK. Notably, the Singapore-China corridor emerges as the leading route for stablecoin flows.
Market Prospects of Stablecoins
The market for stablecoins continues to grow, as evidenced by transaction data provided by Reap, a fintech company specializing in stablecoins. Co-founder Daren Guo noted that stablecoins are becoming a viable alternative for global financial operations.
The findings from the Artemis study confirm the significant potential of the stablecoin market, opening new horizons for transactions within the global financial system.
