Stablecoin Payments Dominated by USDT and Tron
Analytics firm Artemis, supported by venture capital firms Dragonfly and Castle Island Ventures, analyzed data from 31 stablecoin payment providers. The findings highlight Tether’s USDT and the Tron blockchain as the dominant forces in the stablecoin payments sector.
- USDT accounted for 90% of transaction volume, followed by USDC (Circle’s stablecoin).
- Tron hosted 60% of settlement volume, outperforming Ethereum, Binance Smart Chain, and Polygon.
Key Insights from the Report
- Annualized Volume: Stablecoin payments reached $72.3 billion (annualized) as of February 2025.
- Use Cases: Includes B2B, P2P, B2C, card payments, and lending.
- Emerging Markets: Major adoption in countries like Argentina and Brazil, where USDT is trusted for USD access.
👉 Why is Tron the top choice for stablecoin payments?
Why USDT and Tron?
Brand Trust and Accessibility
- Tether (USDT) is synonymous with USD-pegged stability in emerging economies.
- Tron’s low fees and high speed make it ideal for cross-border settlements.
Circle’s USDC: A Smaller Share Than Expected
Despite Circle’s focus on payments infrastructure and its upcoming cross-border network, USDC trails USDT in payment volume.
"People don’t say they use stablecoins—they say they use Tether."
— Rob Hadick, Dragonfly General Partner
Future of Stablecoin Payments
- Institutional Adoption: Major banks and crypto firms predict mainstream integration.
- Regulatory Clarity: Growth hinges on global compliance frameworks.
FAQ Section
Q1: Why does USDT dominate payments?
A1: Trust, liquidity, and Tron’s low-cost infrastructure drive USDT’s adoption.
Q2: Is USDC gaining ground?
A2: Yes, in issuance—but not yet in payments volume.
Q3: Which regions use stablecoins most?
A3: Emerging markets (e.g., Latin America, Southeast Asia) for remittances and hedging against inflation.
👉 Explore the future of blockchain payments
Conclusion
The Artemis report underscores USDT’s and Tron’s lead in stablecoin payments, fueled by cost efficiency, speed, and brand recognition. As the sector evolves, competition and regulation will shape its trajectory.
Keywords: USDT, Tron, stablecoin payments, USDC, cross-border transactions, blockchain settlements, emerging markets
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