By The use of stablecoins for real-world purchases and payments is accelerating, with transaction volumes jumping 70% since February, according to a Bloomberg report that cited blockchain data provider Artemis.
The rapid growth follows the passage of the first-ever US legislation to regulate the digital token sector.
Over $10 billion was moved through stablecoins in August for goods, services, and transfers, a significant increase from $6 billion in February and more than double the volume from a year ago.
At this pace, the report’s researchers said, stablecoin payments could reach $122 billion over a full year.
INTRODUCING: Part 2 of our Stablecoin Payments Report! Co-written with @CastleIslandVC and @dragonfly_xyz, with data now through August 2025. Stablecoin payments hit $10.2B monthly, up 70% since February and 137% since Aug ’24, now at a $122B annual rate. Here’s how the market
A landmark new law provides a powerful catalyst
This surge in adoption follows President Donald Trump’s signing of the Genius Act into law on July 18.
The landmark legislation established a new federal regulatory framework for stablecoin issuers, requiring them to back their tokens with highly liquid assets like Treasury bills, a move that has provided a new layer of confidence and legitimacy to the sector.
“If you look at stablecoin supply on a certain trend, and then right after Genius passed, the trend does inflect even more,” Bloomberg quoted Andrew Van Aken, a data scientist at Artemis, noting that the growth rate of the overall stablecoin supply has clearly increased since the law was passed.
We certainly think it has had an incremental impact.
Business-to-business transfers are now the dominant use case
The report also reveals a significant shift in how stablecoins are being used. Business-to-business transfers now make up the largest share of stablecoin payments, totaling $6.4 billion monthly.
This represents nearly two-thirds of the total volume and a massive 113% increase since February. It also marks the first time that business payments have surpassed peer-to-peer consumer transactions, which have held steady at $1.6 billion monthly.
According to Van Aken, companies are increasingly using stablecoins to bypass the notorious delays of the traditional international banking system.
“Businesses are fed up with this very cumbersome send deposit here to this bank, which then sends another bank, which sends another bank,” he said.
With an average business stablecoin payment of $250,000, the speed of settlement is a critical advantage.
Traditional finance begins to take notice
This rapid growth and clear utility have not gone unnoticed by the world of traditional finance.
Zelle, the popular bank-owned service that facilitates consumer money movement, has announced plans to expand its services internationally and will rely on stablecoins to enable its new cross-border money movement capabilities.
For stablecoin advocates, this is a clear sign that the technology is proving its real-world value.
“As stable coins prove to be better money, that will only accelerate people’s trust in it and continue the growth,” Van Aken said.
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