Explosive Growth in B2B Stablecoin Cross-Border Payments (733% YoY, $226B)

[!info] TL;DR In 2025年, B2B stablecoin payments grew 733% year over year to annual volume of $226B. Asia-originated payments led all regions at $245B, driven by Japan, Singapore, and Hong Kong.

Key data points (as of 2026年4月):

SC market cap: $318.6B (all-time high)
SC annual transaction volume: $33 兆 (20 x PayPal)
USDT 59% / USDC 25% (but USDC overtook on transaction share at 64%)
GENIUS Act (US SC law) signed into law in 2025年7月 — reserve obligations under 100% codified and exemption from SEC/CFTC jurisdiction clarified

Adoption by major companies: Visa (annual payment processing of $46 億), Stripe ($4,000 億 in SC payment volume), PayPal (PYUSD supply up by 600%).

Market forecasts: JPMorgan $5,000-6,000 億 (2028), Citi $1.9-4 兆 (2030).

Implication: The explosive growth of SC in B2B cross-border settlement marks a turning point from the narrative that “crypto is speculation” to “real-demand trade-settlement infrastructure.” For SME trading companies in the JETRO membership base, shifting from traditional SWIFT remittances (fees 3-7%, 1-3 business days) is economically rational. For concrete corridor strategy, see SC × SWIFT API and Dual-currency stablecoin arbitrage · the only legal on-chain FX path in the §501 era. For the Japan-side institutional arrangement, see Three-Layer Structure of Japan's Stablecoin Regulatory Regime (JPYC, USDC, Project Pax); for the higher-level legal framework, see Japan Financial Regulation — Legal Framework for Tokens, Crypto Assets, and Payments.

Source: compilation of public information (Fireblocks State of Stablecoins 2025, JETRO public trade statistics, Visa Cross-Border Stablecoins Blog, BIS CPMI d215) | japan-stablecoin-regulatory-landscape | skill-market-monetization

Explosive Growth in B2B Stablecoin Cross-Border Payments (733% YoY, $226B)

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