A study conducted by Artemis, Castle Island Ventures, and Dragonfly highlights the significance of stablecoins in the global economy and their growing application.
Overview of Stablecoin Research
On May 29, 2025, a study on stablecoins was published, involving 20 companies focused on stablecoin payments and 11 firms in adjacent sectors. The report emphasizes the growing real-world utility of stablecoins.
Global Volumes and Leading Countries
According to the study, the total supply of stablecoins is $239 billion, held across 150 million wallets. The U.S. and Singapore lead in stablecoin transaction volume, each accounting for 18% of global usage.
Types of Transactions and their Dynamics
Initially, stablecoins were mainly used for peer-to-peer (P2P) payments, but by mid-2024, business operations began to dominate. As of February 2025, B2B payment volume reached $3 billion.
The research indicates that stablecoins are becoming increasingly significant tools in the economy, with B2B transactions now taking the lead.
