Report: One Quarter of Businesses Use Stablecoins for Cross-Border Payments
A recent report by Paybis indicates that about 23% of businesses have begun or plan to use stablecoins for cross-border payments in the next 12 months. The adoption rate of stablecoin settlements in the B2B sector is rapidly growing, particularly in e-commerce and retail.
What are the key facts?
- 1Penetration rate: 23% of businesses use or plan to use stablecoins
- 2Growth trend: Significant increase in B2B stablecoin transaction volume
- 3Primary sectors: E-commerce, retail, fintech
What happened?
A recent report shows that as the demand for cross-border payments increases, around 23% of businesses have started to use stablecoins, with higher adoption rates seen in sectors like e-commerce and retail. Stablecoins are becoming an important choice for companies engaged in international transactions due to their quick and relatively low-cost transactions. As more businesses explore this payment method, the usage rate is expected to rise further in the future.
What does this mean for cross-border sellers?
Cross-border sellers should actively monitor the usage trends of stablecoins, assess their potential advantages in cross-border transactions, and adjust collection methods accordingly. Top priority action: Research stablecoin solutions available in the market this week to understand how to reduce costs and improve efficiency in transactions.