According to a recent report, stablecoin transactions have significantly increased from January 2023 to February 2025, totaling over $92.4 billion. This underscores the growing importance of stablecoins in the modern financial landscape.
Stablecoin Use in Real-World Scenarios
The report, based on data from 20 companies and estimates from 11 others, provides a unique view of stablecoin usage beyond crypto trading and speculation. With an accelerated settlement pace, stablecoins are becoming central to cross-border payments, corporate payroll, merchant settlements, and B2B transactions. Among all tokens, Tether's USDT remains the dominant player in real-world usage, particularly in emerging markets.
Active Blockchain Networks for Transactions
At the infrastructure level, users are moving toward faster, low-cost blockchain networks. Tron has emerged as the most utilized chain for stablecoin transactions, followed by Ethereum, Polygon, and Binance Smart Chain. This trend reflects the growing demand for efficient transaction rails that enable 24/7, programmable money movement.
Geographic Trends in Stablecoin Usage
Geographic data showcases where adoption is strongest. Countries like the United States, Singapore, Hong Kong, Japan, and the United Kingdom account for the majority of stablecoin transaction volume, determined through IP attribution and on-chain analytics. Since 2020, the total supply of stablecoins has surged from under $10 billion to over $240 billion, confirming the shift of stablecoins from a niche product to a foundational layer of digital finance.
With the growing adoption of stablecoins and their role in future payment systems, they are becoming an essential component of the contemporary financial ecosystem.
