Stablecoin Market Surpasses $300 Billion, Sees Surge in Daily Transactions, Says Report

The global Stablecoin market has climbed past $300 billion in total capitalisation as of October 2025, driven by rising adoption across payments, savings and business transactions, according to a new report from Binance Research.

Stablecoins, once used primarily for crypto trading, have now evolved into one of the most widely-used digital assets in everyday financial operations.

According to the report, Stablecoins processed an average of $3.10 trillion in daily transactions, placing them behind only the United States’ Automated Clearing House (ACH) system, which handles around $7.30 trillion each day. Their transaction volumes surpassed those of Visa in 2024 which shows how quickly stablecoins have become a major global payments medium.

The report highlights that Stablecoin usage in payments has expanded sharply over the past two years. Monthly Stablecoin payments have crossed $10 billion, with business-to-business (B2B) transactions making up 63 per cent of the volume.

Much of this growth is linked to business-related cross-border transfers, which are increasingly shifting toward Stablecoins as merchants look to avoid high fees on traditional payment rails, often ranging from 1.50 per cent to 4 per cent for credit card transactions.

Binance’s internal user data also reveals changing behaviour. Only about 12 per cent of the platform’s monthly active users currently engage in trading activity, while 88 per cent rely on non-trading features, such as savings, payments, and simple crypto conversions. This indicates a clear move toward using stablecoins for practical, non-speculative financial use cases.

While trading continues to be the largest use case for Stablecoins, the report mentions that it is only one part of their broader potential. As Stablecoins are programmable, borderless, and operate 24/7, they are increasingly suited for wider financial uses such as payments, credit, savings and business transactions.

Despite the sector’s rapid expansion, the Stablecoin industry remains highly concentrated.

The report notes that Tether’s USDT and Circle’s USDC together account for 84 per cent of all circulating Stablecoins, with USDT holding 59 per cent of the market and USDC around 25 per cent. Activity levels show a similar trend: Tether represents 67 per cent of active Stablecoin addresses, compared with USDC’s 27 per cent, reflecting USDT’s wider retail and emerging-market presence.

Looking ahead, the report suggests that the next phase of Stablecoin development will focus on improving liquidity across Blockchains, clarifying regulatory frameworks around privacy and financial stability, and building interoperability with emerging central bank digital currencies.