Stablecoin Payments from the Ground Up – Artemis, Castle Island Ventures & Dragonfly
A survey of 20 stablecoin payment companies, supplemented by estimates from 11 more, revealed $94.2 billion in settled payments between January 2023 and February 2025, annualizing at $72.3 billion as
A survey of 20 stablecoin payment companies, supplemented by estimates from 11 more, revealed $94.2 billion in settled payments between January 2023 and February 2025, annualizing at $72.3 billion as of February 2025. B2B payments lead at a $36 billion run rate, followed by P2P ($18 billion), card-linked ($13.2 billion), B2C ($3.3 billion), and prefunding ($2.5 billion), with most sectors showing rapid growth. Tether’s USDT dominates with 90% market share, and Tron is the most used blockchain by volume, followed by Ethereum.