FXC Intelligence – The State of Stablecoins in Cross-Border Payments

The report focuses on the use of stablecoins in international payments.

It examines the current state of the stablecoin market, their potential, and challenges in the context of cross-border payments. The total addressable market for cross-border payments using stablecoins is estimated at $16.5 trillion, with potential growth to $23.7 trillion. Currently, stablecoins account for less than 1% of the global cross-border payments market. The two leading stablecoins, USDT and USDC, hold over 80% of the stablecoin market. Over the past year, the number of press releases discussing payments using stablecoins has increased by 186%. It has been 11 years since the launch of the first stablecoin. Latin America and the Caribbean to North America, as well as Sub-Saharan Africa to Europe and Central Asia, are two regional corridors with the greatest potential for using stablecoins in consumer cross-border payments.