Stablecoin Payments Hit $390B Annualized Record - With Just 0.02% Market Penetration

Stablecoins are no longer a niche corner of crypto trading - they’re quietly becoming a real payments infrastructure. The latest network data shows stablecoin payments tracking at roughly $390 billion on an annualized basis, with growth showing up across B2B settlements, peer-to-peer transfers, and everyday consumer spending. And yet, despite those eye-catching numbers, the market has barely scratched the surface of its potential.

B2B Leads with $226B - Card Spending Jumps 673%

Business-to-business transactions are driving the bulk of the volume. Enterprise payments and supplier settlements account for roughly $226 billion of that total - a staggering 733% surge that signals stablecoins are earning real trust in corporate finance workflows. These aren’t speculative trades; they’re companies using USDT and similar assets to settle invoices, move liquidity across borders, and cut through the friction of traditional banking rails.

On the consumer side, card-linked spending is the fastest-growing segment by transaction count, up 673% as more users tap stablecoin-funded debit cards for daily purchases. Peer-to-peer transfers add another $77 billion to the mix and carry the highest penetration rate of any category at around 0.37%, reflecting how deeply stablecoins have embedded themselves into remittance flows and wallet-to-wallet payments.

$76B in Consumer Payments - and the Story Is Just Getting Started

Consumer-to-business activity sits near $76 billion, while payroll and creator payouts come in at roughly $11 billion, up 86% year-over-year Integrations like XLM’s PayPal USD expansion are helping bridge stablecoins into mainstream payment ecosystems, and infrastructure investment is following the trend - RedotPay recently raised $107M in Series B funding specifically to accelerate global stablecoin payment adoption.

Still, with total market penetration hovering around 0.02%, the numbers put the growth story in perspective. The $390 billion run rate is impressive, but it represents a tiny fraction of global payment flows. What’s significant isn’t just the size - it’s the direction. Stablecoins are expanding across every segment simultaneously, from enterprise treasury management to everyday card swipes. If regulatory clarity improves and interoperability with traditional payment systems deepens, the runway ahead is considerable.