B2B Stablecoin Volume: $100M to $6B a Month

A CFO reading that B2B stablecoin volume grew 60-fold in two years needs to know what is behind that number before drawing any conclusion. The jump from under $100 million to over $6 billion a month does not describe a speculative market growing on hype. It largely describes companies that started paying suppliers, disbursing payroll and collecting from clients in digital dollars because traditional banking felt slow or costly on specific corridors.

At Soulbit Academy we separate the headline from the verifiable number. This article looks at B2B stablecoin volume from a global, trend-level angle, not a regional one: what is driving the growth, what share of total volume is still trading rather than payments, and how a finance team should read an on-chain volume figure without confusing gross activity with real commercial transactions.

B2B Stablecoin Volume: From $100 Million to $6 Billion a Month

Monthly B2B stablecoin payment volume went from under $100 million in early 2023 to roughly $6.4 billion in August 2025. The figure comes from the Stablecoin Payments from the Ground Up report, produced by Artemis with Castle Island Ventures and Dragonfly using data from 31 payment companies. That is close to a 60-fold increase in just 30 months. Between February and August 2025 alone, B2B volume grew 113% and came to represent about two thirds of all stablecoin payments.

The number matters because it marks a shift in kind, not just size. In early 2023, commercial use of stablecoins between companies was close to anecdotal against a market dominated by trading and person-to-person transfers. By mid-2025, B2B payments moved billions of dollars a month on a sustained basis, concentrated in corridors where correspondent banking is slow, expensive, or simply unavailable to certain counterparties.

Period	Monthly B2B stablecoin volume	What it represents
Early 2023	Under $100 million	Baseline volume before commercial use took off
August 2025	Roughly $6.4 billion	Close to a 60-fold increase in 30 months

Why isn't this growth just another crypto adoption statistic?

Because B2B volume is the hardest slice of stablecoin activity to explain through speculation. A trader can open a position and close it the next day; a company disbursing payroll or paying a supplier month after month is using the stablecoin as a payment rail, not a price bet. That repeated, operational use is the signal a CFO should look at before the multiplier in the headline.

What Is Behind the Surge: Same-Day Settlement and Slow, Costly Corridors

Behind the jump from $100 million to $6 billion a month sit three operational drivers, not a speculative one. The first is same-day settlement: a stablecoin transfer confirms in minutes, while an international payment through correspondent banking can take two or more business days to reach its final destination.

The second is the corridor itself. Traditional correspondent banking runs on a chain of intermediary banks that charges a fee at every hop, and that chain gets slower and pricier the less-traveled the corridor between origin and destination country is. See the detail of that cost applied to a specific rail in our analysis of how much a SWIFT transfer costs today.

The third is digital dollar treasury. A company that invoices or buys abroad needs to hold part of its balance in a dollar-referenced asset without opening a bank account in another jurisdiction, something a stablecoin solves without the friction of international bank onboarding. We expand on that operational comparison in SWIFT versus stablecoin for international payments.

These three drivers explain why growth concentrates in commercial payments rather than personal remittances: a company paying suppliers monthly feels the cost and delay of the traditional rail on a recurring basis, not a one-off, and the savings compound month after month.

Gross Volume vs Real Payments: How to Read a Stablecoin Number Without Confusing Them

An on-chain volume figure blends trading, exchange-to-exchange flows and real payments, and separating them is the first discipline a finance team should apply before quoting any number. Total stablecoin transaction volume reached $27.6 trillion in 2024, according to openfx.com, a figure that on its own says nothing about how much of that was one company paying another.

Out of that gross volume, stablecoins account for just 1% of global payment flows, a share that did not change between 2023 and 2024 despite explosive growth in absolute terms. Reading both numbers together is the key: total volume grows fast because it includes trading and exchange liquidity, while the slice that is real payments, including the B2B segment moving from $100 million to $6 billion a month, is smaller but grows on a different logic, tied to operational adoption rather than the crypto market's speculative cycle.

Metric	Figure	What it actually measures
Total stablecoin transaction volume (2024)	$27.6 trillion a year	All on-chain activity: trading, exchanges, remittances and payments
Stablecoin share of global payment flows	1% (unchanged 2023 to 2024)	Only the slice that is real payments, not speculative movement
Total stablecoin market capitalization	$317 billion (April 2026)	The size of the outstanding stock, not transacted volume
Monthly B2B volume between companies	Roughly $6.4 billion (August 2025)	The commercial payment slice growing as real transactions

Total stablecoin market capitalization reached $317 billion as of April 6, 2026, according to the US Federal Reserve, up more than 50% since early 2025. That figure measures the outstanding stock in circulation, not payment flow, and should not be confused with the monthly transacted volume of either category above.

Digital Dollar Treasury: Why CFOs Enter Through Payments, Not Speculation

A CFO evaluating stablecoins enters through operational payments, not a speculative position in the asset. A dollar-referenced stablecoin, whether USDC or USDT, plays a role closer to a dollar account here: it preserves value and eases cross-border payment without exposing the company to the volatility of a traditional cryptoasset.

What does a finance team actually decide when choosing between USDC and USDT for treasury?

It mostly decides which counterparty it will operate with and which issuer it is comfortable taking backing risk on. Both are dollar-pegged stablecoins, but they differ in reserve transparency, issuer jurisdiction and liquidity by corridor. We detail that comparison with concrete treasury criteria in USDC versus USDT for companies.

The point a CFO should not lose sight of is that a dollar stablecoin does not remove the company's currency risk. It shifts that risk to the local currency's parity against the dollar, the same way a foreign-currency bank account would. What changes is the operational friction of moving it, not the underlying exposure.

Where Latin America Fits in the Global B2B Stablecoin Map

Latin America does not lead global B2B stablecoin volume, but it is one of the regions where institutional adoption is growing fastest. Latin America moved $324 billion in stablecoin transactions during 2025, up 89% year over year, and 71% of its financial institutions already use them in cross-border payments.

Those regional figures, with the full country and sector breakdown, are not the focus of this article: we cover them in detail in our analysis of stablecoin numbers in Latin America and our study of stablecoin B2B adoption in Latin America. What matters here is how the two scales relate: Latin America's regional growth confirms, with its own data, the same trend the global $100 million to $6 billion number shows, a B2B payment segment turning non-marginal across nearly every market at once, even if each one arrives there for a different reason.

What Soulbit's V1 Delivers Today for This B2B Volume, and What It Does Not

Soulbit V1 today lets a company participate concretely in B2B stablecoin payments, but that real capability should be kept separate from the scale of the global market this article describes. Today, a company can hold balances in USDC and USDT, plus fiat in USD, EUR and GBP; collect through payment links and QR codes; disburse payroll on a recurring or batch basis; request an on-demand OTC quote to convert between stablecoin and local currency; and operate with a local banking rail in Colombia, backed by KYB processes and AML and KYT controls on every counterparty.

What the V1 does not deliver, and that no global growth figure should make look available, is yield or APY on the held balance, a physical or virtual card, a proprietary token, or a native app available in app stores. The jump from $100 million to $6 billion a month describes a market trend, not a feature list that any provider in the category, Soulbit included, delivers in full today.

How to Read the B2B Stablecoin Volume Number Before You Decide

A CFO who comes across the $6 billion monthly headline should apply three filters before acting on it. First, separate gross volume from real payments: the full stablecoin market moves trillions a year, but only a fraction of that is commercial activity between companies. Second, date the figure: it is an August 2025 data point, and the growth rate can shift with regulation and market liquidity. Third, do not confuse a global trend with local opportunity: the fact that B2B volume grew 60-fold worldwide does not automatically mean a specific company's own corridor already has the infrastructure or provider to capture it.

The jump from $100 million to $6 billion a month is not a promise of returns or a guarantee of savings for any given company. It is evidence that B2B stablecoin payments stopped being a marginal experiment and became the part of the market a finance team with international exposure can no longer ignore without reviewing it first.