B2B Payments Surge: Stablecoin Transaction Volume Exceeds $30 Billion Monthly

Stablecoin transaction volumes have grown sixfold in the past year and a half, significantly driving the transformation of global fund transfer methods. Data recently released by payment infrastructure company BVNK shows that monthly payments made through stablecoins have exceeded $30 billion as of early 2026. The rapid growth of business-to-business (B2B) payments is the main driver, far outpacing other types of payments. **B2B Payments Drive Explosive Growth** BVNK cited a joint report by Artemis and McKinsey, noting that the monthly settlement amount for stablecoins was $5 billion at the beginning of 2024. Just two years later, the monthly transaction volume exceeded $30 billion, with an annual transaction volume of over $390 billion. The report emphasizes that B2B payments currently dominate the total stablecoin transaction volume, while other payment methods such as peer-to-peer transfers, cross-border remittances, card payments, and pre-funded financing contribute relatively less. The growth momentum of B2B stablecoin payments has become increasingly apparent, especially since mid-2024.

**Why Do Enterprises Favor Stablecoins?** For corporate finance and treasury teams, stablecoins offer significant operational advantages. Traditional cross-border banking processes, such as transfers via the SWIFT network, typically take one to five business days to complete. Additional fees charged by intermediary correspondent banks and the complexity of multi-currency settlements increase costs and delays. In contrast, stablecoin payments are typically processed in seconds, without the need for intermediaries, and are available 24/7, even on weekends and public holidays. Companies making payments to international suppliers benefit from the elimination of foreign exchange conversion steps and the complexities of correspondent banking relationships. The findings of Artemis and McKinsey indicate that more and more companies are recognizing these advantages and are increasingly adopting stablecoins for payment operations.

**Stablecoin Applications Continue to Expand** Although it was initially widely believed that stablecoins were mainly used for personal transfers and cross-border remittances, BVNK observed that the real growth occurred in the B2B sector. At the same time, stablecoin payments based on bank cards are also increasing, with Visa reporting that its annual settlement amount increased from $1 billion to $3 billion. However, compared to B2B transactions, such card-related payments still account for only a small portion. In addition to payments, the report also points to emerging stablecoin applications, including trading tokenized assets, providing a safe store of value in high-inflation countries, and supporting the financing of artificial intelligence hardware (such as providing funds for GPU purchases). Many of these use cases did not even appear in the statistics two years ago, but now they contribute additional transaction volume outside of traditional payment categories. The Artemis and McKinsey report shared by BVNK suggests that the next wave of growth will come from enterprises integrating stablecoins into their core financial workflows.