Artemis – Stablecoin Payments from the Ground Up, May 2025

The main theme of the document is the use of stablecoins in payment systems and their impact on various sectors of the economy.

Key findings include the total amount of stablecoin payments amounting to $94.2 billion from January 2023 to February 2025. The most active sectors are B2B (business to business), P2P (peer-to-peer payments), card payments, B2C (business to consumer), and pre-funding. Tether's USDT is the most popular stablecoin, with a market share of about 90% by volume. Tron is the most popular blockchain platform by transaction volume, followed by Ethereum, Binance Smart Chain, and Polygon.