FT_Partners-稳定币_加密货币找到了杀手级应用_（英）-2025.5_83页_6mb

Stablecoin Payments Summary

Core Content

Stablecoins are increasingly being recognized as a transformative force in the financial industry, particularly in the realm of payments. With the rise of adoption in cross-border transactions, B2B payments, and treasury management, they are now seen as the "killer app" for cryptocurrency, addressing long-standing concerns about volatility and practical use.

Main Points

• Market Growth: The stablecoin market has seen substantial growth, with total market cap surpassing $240 billion and transaction volume reaching over $5 trillion in 2024. In 2025, the market cap is projected to grow significantly.
• Regulatory Developments: Significant regulatory progress has been made, including bipartisan legislation in the US and EU's MiCA regulation, which has led to the approval of stablecoin issuers.
• Major Acquisitions and Partnerships: Stripe's $1.1 billion acquisition of Bridge and Visa's investment in BVNK are pivotal developments. These actions signal the mainstream adoption of stablecoins by major financial institutions.
• Use Cases: Stablecoins are being used for a variety of applications, including cross-border payments, remittances, B2B transactions, and 24/7 financial services, offering speed, cost efficiency, and reduced FX risk.
• Infrastructure: The stablecoin ecosystem includes various layers such as on/off ramps, orchestration, and payment processing solutions, which enable seamless integration into existing financial systems.

Key Information

Market Overview

• Transaction Volume: Over $5 trillion in 2024, with a year-on-year increase of over 60%.
• Transaction Count: More than 1.4 billion transactions in the last twelve months.
• Market Cap: Over $240 billion as of 2025, with the potential to grow to over $3 trillion.

Leading Stablecoins

Use Cases and Benefits

• Cross-Border Payments: Stablecoins offer faster and cheaper alternatives to traditional SWIFT systems, with settlement times under 1 day.
• Consumer Payments: Platforms like BitPay and Transak allow consumers to make payments using crypto and stablecoins, with features such as instant conversion to fiat.
• B2B Payments: Companies like Triple-A and Stripe are integrating stablecoins into their payment systems, enabling faster and more cost-effective transactions.
• Reduced FX Risk: By pegging to stable assets like the US Dollar or Euro, stablecoins help mitigate currency fluctuation risks for global merchants.
• Lower Transaction Fees: Potential reduction in transaction fees compared to traditional rails is estimated at 50%+.

Infrastructure Providers

• On/Off Ramps: Platforms like Coinbase, Binance, and Transak provide tools for converting between fiat and crypto.
• Orchestration Platforms: Bridge, BVNK, and Orbital. offer APIs and services for stablecoin integration into payment systems.
• Payment Processors: Stripe, Visa, and Mastercard are integrating stablecoins into their offerings, enhancing the payment experience for users and businesses.

Conclusion

The stablecoin market is evolving rapidly, with major players investing in and acquiring infrastructure to support its growth. The combination of regulatory clarity, technological advancements, and increasing adoption is positioning stablecoins as a viable and preferred payment method, offering significant advantages in speed, cost, and reliability. As the ecosystem matures, it is expected to become more integrated into the global financial system, providing a robust alternative to traditional payment methods.