Stablecoins have become one of the fastest-growing segments of the cryptocurrency market in recent years. While they were previously associated primarily with trading on crypto exchanges, new data suggests that their role is rapidly changing. An increasing number of companies are now beginning to use them as a tool for regular international payments.
This is according to a new report from Paybis, which operates a cryptocurrency exchange and payment infrastructure. According to the company’s data, corporate entities accounted for nearly 98 percent of the total volume of stablecoin payouts processed through its platform in the first four months of 2026. For comparison, in 2023 it was only 36 percent.
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Stablecoins Dominate Cryptocurrency Transactions
The growing importance of stablecoins is confirmed by other figures as well. While in July 2023 stablecoins represented only 12 percent of the volume of cryptocurrency transactions on the Paybis platform, this April their share reached 86 percent.
According to McKinsey, the global volume of payments made through stablecoins reached approximately $390 billion in 2025. Roughly 60 percent of this amount was attributed to business-to-business transactions.
Corporate usage is thus becoming one of the main drivers of growth in this segment. The largest volumes of stablecoin payments on the Paybis platform over the past two years have come from digital goods, cryptocurrency companies, the technology sector, retail and e-commerce, or fintech. Combined, these segments accounted for more than 78 percent of all corporate stablecoin activity on the platform.
Companies Discover the Benefits of Faster Transfers
The Paybis survey also showed that other businesses are interested in using stablecoins. Approximately 22.5 percent of surveyed companies stated that they are already using stablecoins for international payments or plan to implement them within the next 12 months.
Interestingly, many companies still overestimate both the costs and speed of these transactions. Although stablecoin transfers are typically settled within seconds to minutes depending on the blockchain network used, nearly half of respondents expected the transfer to take one hour to a full day.
Estimates of fees were similarly inaccurate. Approximately one-third of surveyed companies assumed costs of around three percent of the transferred amount. However, according to Paybis, in practice, the costs of stablecoin payments typically remain below one percent. The final price depends on the network used, payment service provider, fees for conversion between cryptocurrencies and fiat currencies, or exchange rates.
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Stablecoin Market Growing Rapidly
The popularity of stablecoins is also reflected in the overall market size. According to data from DefiLlama, the total market capitalization of stablecoins reached approximately $319.5 billion. A year ago, it stood at roughly $247.3 billion.
The biggest player remains the stablecoin Tether (USDT), which holds nearly 59 percent of the market. The second position is held by USD Coin (USDC) with a market value of around $76 billion.
New Payment Stablecoins Entering the Market
The growing demand for stablecoins is also motivating financial companies to launch new products focused on payments and banking services.
Falcon Finance recently introduced the institutional stablecoin fUSD, which is issued through the federally regulated platform of Anchorage Digital. SoFi has also launched the stablecoin SoFiUSD available to customers through its mobile application.
MoneyGram is also entering the blockchain payments segment, announcing this week the launch of the MGUSD stablecoin on the Stellar network. The new token is intended primarily for cross-border payments and managing digital dollar balances. The stablecoin is issued by the Bridge platform, which is owned by Stripe, and is integrated directly into the MoneyGram app through a self-custody wallet.
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