From chain to life: an overview of stable currency global consumption patterns

Written by Will Tsang

by 2025, spending a stable currency on daily consumption is no longer a romantic footnote to “ global financial equity, financial inclusion ” but rather a reality that takes root。

While the wider encryption market continues to fluctuate between the bull's market cycle and re-regulation, most activities are still concentrated on key infrastructure such as capital flows, remittances and decentralised finance (DeFi), while the stabilization currency has created a lasting niche market: They are being used to pay for consumption, not just for storage or trade。

however, closer observations indicate that less than 10 per cent of these activities are linked to actual expenditures — — i.e., for the purchase of goods and services。

however, it's exactly 10% of this seemingly invisibility that is expanding at an eye-to-eye rate and quietly changing the rules in the cracks of everyday life: from street stalls to cross-border labour remittances, the stabilizer is more than just &ldquao; encrypted toy &rdquao; but a real payment option in the consumer's pocket. the company's vision moved and capital and products began to revolve around this cluster & ldquo; microfire & rdquo; and platoon formation。

The scene in which consumers spend their daily expenses using a stable currency is just like a bottom-up fire. Whether or not the fire of the stars will remain intact depends on who will hold the fire first and light up a series of subsequent demands. To that end, we've compiled "Where are stablecoins being printed?" and incorporated it into a line of observation, trying to lock the initial light and map the trajectory where it's about to shine。

I. Overview of consumer markets

In the area of B2B enterprise payments, the stabilization currency has gained significant pull. Enterprises in the areas of logistics, software and financial services are using stable currency for cross-border vendor payments, contractor payroll and financial operations. It is estimated that the stability currency B2B economy is operating on the basis of $36 billion a year, and its growth is accelerating with increased transparency in major market regulation in the United States (the GENIUS Act), the European Union (MiCA) and Hong Kong。

IN THE AREA OF B2C CONSUMER SPENDING, GROWTH HAS BEEN SLOW BUT POSITIVE. MORE THAN 25,000 BUSINESSES AROUND THE WORLD HAVE ACCEPTED STABLE CURRENCY FOR E-COMMERCE TRANSACTIONS, AND THE POS PILOT PROJECT IS UNDER WAY IN PARTS OF SOUTH-EAST ASIA AND LATIN AMERICA。

The vertical areas of the industry that introduced stable currency expenditures earlier included digital commerce, tourism, the hotel industry and the game industry。

Payment infrastructure providers are promoting stable currency use in the day-to-day environment, allowing users to consume USDCs, USDTs and other tokens without relying on raw encryption applications. In 2025, Blue Origin began to receive debit cards linked to stable currency that users could use to pay space flight bookings. Uber is reportedly piloting in Latin America to pay drivers in encrypted currency. The Web3 original game platform achieves in-playing by stabilizing currency, supports micro-trading free of refunds and achieves rapid settlement between users worldwide。

Despite these advances, retail trade still accounts for less than 5 per cent of global stable currency use, highlighting the large gap between infrastructure availability and consumer behaviour。

For institutions, the conclusion is clear: the daily consumption of stable currencies has become a reality, but it is very unevenly distributed。

Geographically, emerging markets are leading in practical applications. In Latin America, stabilization currency is increasingly being used in pharmacies, cafés and local businesses, often as a tool for inflation or as a substitute for traditional banking services. In sub-Saharan Africa and South-East Asia, stabilization currencies are used to access global goods and services that are not available because of the fragmentation of payment corridors。

B2B THE FASTEST-GROWING FINANCIAL FLOWS ARE THE MOST ACCESSIBLE OPPORTUNITIES FOR STABILIZERS, EXCHANGES AND FINANCIAL SCIENCE AND TECHNOLOGY PLATFORMS. RETAIL AND CONSUMER ADOPTION, ALTHOUGH SMALL, ARE STRATEGICALLY IMPORTANT, ESPECIALLY IN AREAS WHERE CURRENCY STABILIZATION EFFECTIVELY ADDRESSES FINANCIAL DISTRESS。

infrastructure is in place and regulation is on track. today, the key to competition has shifted to distribution capacity, user experience and business partnerships. stable currency is no longer only “ payment route ” they are entering the process of closing accounts and are also formally on the balance sheet。

II. Consumer economy for stable currencies

the above data describe a clear story: despite the growing maturity of the infrastructure and the ever-expanding use of the real world, the vast majority of stable currency activities remain at the financial application level — — transaction, liquidity supply, remittance channels. only a fraction of the increasingly meaningful activities actually touch the consumer economy, and business attention is shifting。

2.1 Stable currency use scenario

Despite the increasing momentum, the stabilization currency remains above all a financial instrument. Some 67 per cent of global usage is still dominated by decentralised finance (DeFi), liquidity management and speculative exchanges; these are not “ daily consumption ” and behaviour, but capital flows for efficiency and arbitrage. A further 15 per cent of stable currency transfers are to “ class payments ” and cross-border remittances with little access to formal commercial channels such as sales terminals or invoice settlement。

only about 5 per cent of the global stabilization currency is directly used in commercial — — whether it is physical retailing, e-commerce, hotels, games, etc. this figure, which is derived from the business processor data and chain analysis, highlights the fact that the stable currency is still in its infancy in the consumer landscape, but has risen significantly compared to previous years and has maintained the quarterly ring ratio. the remaining 10 per cent was used for hedge inflation and stable value savings。

2.2 Consumption patterns: behaviour, timing and incentives

Where stable currency payments do occur at the retail end, the data show several clear tracks。

• the amount of the transaction tends to be slightly higher than the amount paid in local french currency, in part because consumers regard the stable currency as & ldquo; more valuable and stable than the local currency; psychologically; and in grocery stores and pharmacies, there is a common pattern of large one-time purchases or hoarding。
• There is also a unique rhythm in the time dimension: in urban areas, more stable currency transactions occur in the morning and evening of work, which coincide with commuters and lunch windows; there is a slight decline in weekends, which may be more dependent on cash or mobile banks for recreational consumption。
• Incentive schemes are becoming key to retention. Latin American and Eastern European businesses have introduced about 1 per cent of stable currency consumption returns, combined with game points within their wallets, particularly welcomed by young groups holding encrypted assets, who value real-time payouts。

interestingly, some vendors have reported that stable currency users are more willing to pay tips, especially in services such as food and beauty. this may reflect a psychological disconnect with the consumer scene, or a consumer's desire to support encrypted consumer traders “ support &rdquo。

ANOTHER FEATURE OF THE PAYMENT IN ENCRYPTED CURRENCY IS HIGHER CONSUMPTION EXPENDITURE. THE AMERICAN ASSOCIATION OF AUTOMOBILES (AAA) PREDICTS THAT BY 2024 THE AVERAGE AMOUNT PAID IN ENCRYPTED CURRENCY WILL BE 30 PER CENT HIGHER THAN THE TRADITIONAL MEANS OF PAYMENT. TOURISM AND THE HOTEL INDUSTRY ACCOUNT FOR 14 PER CENT OF THESE ENCRYPTED CURRENCY TRANSACTIONS. THE NUMBER OF AIRLINE RESERVATIONS RECEIVED IN ENCRYPTED CURRENCY INCREASED BY 40 PER CENT。

Travala processed over $100 million in booking income last year, of which $80 million was in encrypted currency, an 80 per cent increase over the same period. It points out that users of encrypted currency booked 2.5 times more each time than users of non-encrypted currency and three times more than users of non-encrypted currency for life. Accepting encrypted money allows tourism providers to attract both growing mass market customers and ultra-high-end consumer groups, as if it were a &ldquao; encrypted wealth effect &rdquao; or users who profit from the proceeds of encrypted money are more willing to consume。

In this regard, encrypted currency is flourishing in two ways: in developing markets, inflation is high and many consumers without bank accounts begin booking economic travel; and in elite encrypted currency holders start booking luxury experiences。

2.3 Stabilizing currency in daily consumption, how to be accepted on a large scale

THE INTEGRATION OF THE STABILIZATION CURRENCY PAYMENTS TO THE RETAIL END OF THE POS SYSTEM IS STILL FRAGMENTED. ALTHOUGH BOTH ARE CALLED STABILIZATION CURRENCY RECEIPTS, THERE ARE CURRENTLY TWO MAIN TYPES OF PATHS TO BE ACHIEVED IN THE MARKET:

A. Independent wallet integration — — direct interface between USDC, USDT or regional stable currency wallets through a two-dimensional payment system. Such programmes are generally open within days without the need to acquire new hardware and are therefore attractive to small businesses。

This model does not alter the two-dimensional collection system for businesses, which continue to receive French currency, while the exchange of stable currency is moved to the single wallet. The advantage is that it can be seamlessly embedded in the existing global system of two-dimensional French currency codes, removing barriers to the diffusion of stable currency receipts on the side of businesses. This is also where we see a seamless access to encrypted wallets in areas with a uniform 2-dimensional code (Viet Nam, Brazil, etc.)。

Financial flows: Users pay stable currency, wallets/servicers take French currency and settle with merchants in French currency。

B. Gateway and POS direct access to stable currency receipts. The gateway and the POS system integrate stabilization currency into platforms such as Shopify, WooCommerce, Magento, through plugins and API, so that a commercial can accept payment of a token without having to reconstruct its account closing process. This approach requires a strong voice and market public relations capacity, usually led by large companies, to integrate stable currencies directly into the gateway and POS systems. The advantages are clear, with commercial side resources。

Large retailers, especially those with established payment infrastructure, have begun to work with home-grown encrypted currency payment processors. BitPay, Flexa, Coingate, Circle Pay and NowPayments provide API and business back-offices that allow stable currency receipts to be reconciled with French currency settlements. For example, a commercial can accept USDC at the register and receive funds in United States dollars or euros at the end of business on the same day, thereby completely avoiding the risk of volatility. In addition, several new generations of POS suppliers are launching mixed terminals that support both traditional swipe cards and digital assets, with early landing markets including Brazil, Turkey and Kenya。

Financial flows: Users pay a stable currency, and businesses pay a service provider (two wallet accounts) with the option of obtaining a stable currency or a French currency。

SOME EXAMPLES OF POS SUPPLIERS ARE AS FOLLOWS:

• Brazil: Cielo (integrated Binance Pay)
• Turkey: PayTR (supported through NOWPayments); Paribu (local encrypted currency exchange)
• Kenya: M-Pesa (integrated BitPay); Kopo Kopo (integrated CoinPayments)

The key to promoting universal access lies in customer experience and, more importantly, in user orientation, especially among those who are not familiar with encryption. Some businesses have started to post educational tips or train their employees in shops, and some have attempted to attract customers through incentive mechanisms. At the back end, businesses continue to face resistance in the generation of receipts, the matching of accounting systems and tax vouchers, which often constitute bottlenecks for more mature enterprises to further introduce stable currency payments。

2.4 Disbursement infrastructure and route mechanisms

This shift is underpinned by an increasingly mature stable currency payment infrastructure. Two main technological pathways are currently emerging:

STABLE CURRENCY SETTLEMENT MODEL: STABLE CURRENCY SUCH AS USDC IS RECORDED DIRECTLY IN ENCRYPTED WALLETS

Mixing route mode: Stable currency is automatically converted into French currency at the moment of payment, ensuring predictable returns and shielding the business against fluctuations。

Financial technology providers that focus on encrypted closings are expanding rapidly; the issuing card platform, Rizon, has launched the Visa card, which can be used in more than 150 million businesses in 90 countries, supporting Apple Pay, Google Pay and Visa processing networks. At the same time, Fiserv has also partnered with MasterCard to issue the FIUSD stabilization currency, which plans to provide real-time access to the stable currency track for small banks and their businesses。

For electric operators, they are reaping tangible benefits from stable currency integration, with the following core highlights:

• Periodic deductions and subscriptions: withdrawal from card organization non-payment and delay through prompt, programmable payments
• (b) Better cross-border shopping: stabilization of foreign exchange costs, exchange delays and counterparty risks across traditional corridors
• Final and irrevocable payment: significantly reducing the burden of fraud and operations arising from non-payment and disputes。

Data confirm this trend. The Fireblocks survey showed that 48 per cent of enterprises listed "settlement efficiency" as the primary driver for the introduction of stabilization currency, 30 per cent valued "cost savings" and over 86 per cent considered "infrastructure ready to land immediately". The result is faster client experience, lower operational risk, wider global reach of payments, and transparency at the bookkeeping level for all transactions。

III. USE INSTITUTIONAL STAFFING

In 2024, according to Allium data under the Visa flag, the stabilization currency contributed 27.6 trillion United States dollars in transaction value to transfers on the $5.6 billion chain. However, after excluding speculation and deFi flows, only 5 per cent (about US$ 1.3 trillion) was paid in the real world, of which P2P accounted for 2 per cent, B2C retail 2 per cent and B2B commerce 2 per cent。

McKinsey reported that the annual volume of stable currency transactions had exceeded $27 trillion, and that the daily volume associated with payments was estimated at between $20 billion and $30 billion, still less than 1 per cent of global funds transfers. B2B flows, although their impact is significant at the operational level, averaged only about 4000 & ndash per year; $500 billion, which is the same as the wider business and institutional usage。

3.1 Retail outlets are the first industries to have a perpendicular presence

At the moment, the amount of stable currency in the retailing of entities remains limited, but early adopters have proven not only the availability but also the increasing usefulness of the reality scene. Although the rate of penetration lags behind that of electricians and B2B, small and medium-sized businesses — — especially emerging markets and encrypted urban centres — — and the acceptance of stable currency receipts increased significantly in 2025。

THERE ARE SEVERAL PARTICULARLY PROMINENT TYPES OF PHYSICAL SHOPS THAT DARE TO TASTE. SUPERMARKETS AND GROCERIES CHAINS ARE ONE OF THE MOST PRAGMATIC SCENARIOS, ESPECIALLY IN ECONOMIES WITH HIGHLY VOLATILE CURRENCIES. INFLATION IN ARGENTINA AND VENEZUELA CONTINUES TO ERODE PURCHASING POWER, AND MANY LOCAL GROCERY STORES HAVE RECEIVED DIRECT PAYMENTS FROM USDC, USDT, AND CUSTOMERS OFTEN USE MOBILE WALLETS OR TWO-DIMENSIONAL CODES. SPECIFIC CASES INCLUDE:

• Buenos Aires Central Market: Tether worked with KriptonMarket to make USDT available for settlement by the merchants of the large wholesale retail market of fruit and vegetables。
• Several grocery stores in the Villa Crespo district of Buenos Aires: the two-dimensional collection of USDT through integration of Binance Pay was due to a shortage of cash in market currency。

Catering facilities have also begun to embrace stable coins, especially in cafés, fast leisure restaurants and mobile trucks. In El Salvador, while Bitcoin initially took over the headlines, the stabilization currency is now quietly becoming the preferred digital means of payment for urban dwellers. Some examples:

• McDonald ' s & mdash; — Support USDT, USDC (through Strike, Bitfinex)
• Starbucks — — Support USDT, USDC (through Chivo, Strike)
• Wendy Hamburg — — Support USDT, USDC (through payment processors)
• Syracuse
• eldquo; bitcoin beach ” local restaurant
• St. Salvador, La Libertad's Juice Bar and Queens

3.2 Current status of adoption of retail and electricity suppliers

The acceptance of the stable currency by businesses is increasing, but it is very unevenly distributed. By mid-2025, more than 25,000 businesses around the world had supported the stabilization currency, mostly online, and there had been small penetration into physical stores. The most common mainstream assets are USDC, USDT and PYUSD, which are usually integrated through original encrypted transaction processors, or the stable currency-linked Visa, Mastercard channel。

The rate of institutional adoption continues to rise for both business and user penetration. According to NOWPayments, the stabilization currency has accounted for 57 per cent of all businesses paid in encryption, well above 7 per cent in 2020. Retail channels account for more than 25,000 businesses worldwide, highlighting the increased penetration of B2C on electric and digital platforms. User participation is also expanding: more than 150 million block chain addresses hold stable currency and about 10 million are traded daily, indicating extensive and active use. It is noteworthy that consumer demand is strongest in emerging markets such as Latin America and Africa, where institutional stable currency payments grew by more than 200 per cent over the same period。

According to data from the Visa block chain analysis sector, the vast majority of the movement of stable currency in the chain remains a high-value B2B transfer rather than a low-value consumption in a shopping car or a meal ticket. The infrastructure must continue to be improved, especially the key elements of the user experience of payments, the instant exchange of French currency, tax returns and business incentives, if stable currency is to become substantially available at the time of receipt。

new examples are still emerging, and some platforms have introduced returns incentives to encourage customers to choose stable currency when closing accounts, at lower fees than traditional bank cards. in some markets, business households directly benefit from receiving almost zero processing costs of stable currency compared to the traditional payment network of 2 per cent & ndash; the rate of 4 per cent。

3.3 Travel and hotel industry: early water testing, dynamic energy surge

Consumer-oriented travel, hotel and digital entertainment expenditures are still limited, but stable currency payments are being actively tested at the strategic level throughout the industry. However, these examples are still seen as marginal scenes, driven more by the need for encrypted primary customers than by the demand of the mass market。

A recent analysis of tourism, The risk of cryptocurrency in travel, points out that while currently less than 1 per cent of expenditure on leisure travel is in encrypted currency, this proportion is expected to climb to 3 per cent & ndash; 5 per cent by 2030. By virtue of price predictability and settlement efficiency advantages, currency stabilization is seen as the driving force behind this shift。

Cryptorefills claims that more than 80 per cent of users in 2024 purchased encrypted money at least once a month. Tourism is one of the fastest growing areas of the company, mainly thanks to digital Travellers and conference travellers, who also use the platform to purchase eSIM cards, booking travel services and charging. Cryptorefills is a B2C platform that provides encrypted currency airline tickets and hotel reservations。

The online travel agency (OTA) Travala, which focuses on encrypted money, reports that &ldquao is currently the largest client group of digital travellers and conference passengers, usually directed to middle-class clients, with approximately 78 per cent of reservations made in 2024 in encrypted currency. The use of credit cards and debit cards is less than 8%. ” encryption currency also attracts high net value. & ldquo; the market potential for luxury goods is enormous. The protocol service for ” Travala is geared to this sub-market with a personalized high-end travel adviser。

More symbolically, in the UAE — — where luxury experiences intersect with regulatory innovation; — 43% of the five-star hotels are now paid for by encryption. Travala, a purely digitized travel platform, presents a more radical curve: in September 2024, 77 per cent of orders were paid in encrypted currency, the vast majority of which were stable。

these figures mark a turning point: the refined resorts and forward-looking brand chains offer stable currency options, not for the sake of prevarication, but because of competitive differences and global attractiveness. in the wider travel ecology, the stability currency is becoming & ldquo; the whole experience payment & rdquo; tools:

• Between June 2024 and June 2025, there was a surge of 38 per cent in encrypted payments by the tourism industry, over 40 per cent of which were in stable currency。
• The stabilization currency, which is used to book guest rooms, flights, hydrotherapy and delivery services, amounts to an average of 2.5 times the unit price of traditional French customers, indicating an over-charging feature。

The above figures show that consumers increasingly see the currency of stability as a trusted exchange medium, not only for simple bookings, but also for covering more carefully planned travel experiences and services。

3.4 On the game industry

By contrast, the game industry is proving to be an increasingly fertile ground for stable currency spending. A number of Web3 primary games and virtual environments have now been accepted for stabilization coins for in-play purchases, NFT transactions and point-to-point settlement between players。

For example, Fortnight itself, developed by Epic Games, is a centralized non-Web3 game, but some third-party payment solutions have enabled them to initiate transactions based on stable currency, enabling players to purchase currency in a game (e.g. V-Bucks) using stable currency such as USDC. For example, payment platforms such as TransFi have been integrated into the game ecology, providing players with the above-mentioned stable currency payment channels。

MORE THAN 35 PER CENT OF THE WORLD'S PLAYERS USED ENCRYPTED CURRENCY TO BUY AT LEAST ONE PURCHASE, BE IT PROPRIETORS, CHAMPIONSHIP FEES OR SUBSCRIPTIONS; UP TO 70 PER CENT OF THE TRANSACTIONS WERE IN STABLE CURRENCY. THE WHOLE BLOCK CHAIN GAME GREW EXPLOSIVELY: THE GLOBAL BLOCK CHAIN GAME MARKET IS EXPECTED TO REACH $85 BILLION BY THE END OF 2025, DRIVEN BY A 52 PER CENT COMPOUND ANNUAL GROWTH RATE (CAGR)。

“ playing while earning &rdquao; (P2E) games provide incentives with stable currency, contributing 62% of the market's revenues. At the platform level, 93 per cent of block-chain games have integrated wallet support (e.g. MetaMask, Phantom) and 37 per cent have introduced meta-cosmic elements to create more consumer scenarios for role skins, upgraded props and social interactions。

Similarly, market valuations have highlighted their scale: the monetized real estate on meta-cosmos now exceeds $112 billion。

Beyond the game itself, the currency of stability lies at the heart of the virtual high-value economy. The total value of the United States dollar market in 2025 was $316.60 billion, of which $880 billion in digital goods flows were completed in stable currencies. Virtual real estate, virtual image, and transactions with monetized assets are expanding rapidly: the front meta-cosm platform, Tentraland, gained more than $275 million in revenue from virtual land and digital asset transactions alone in 2025, with sedentary currencies。

Behind this value is the proliferation of user base numbers: Seven million users use meta-cosmic financial services every month, and $2.2 billion of transactions flow daily in these virtual clearing systems. By virtue of its value stability and rapid settlement, the stabilization currency became a natural option for the immersion of high-frequency economic transactions。

In 2025, the Play and Recreation Ecosystem used the currency of stability as the main exchange medium, significantly accelerating the mix of economics, virtual experiences and convergence with the real world。

3.5 ENTERPRISE B2B PAYMENTS

A. REDUCTION EFFICIENCY GAINS

Efficiency, rather than cost, remains the primary consideration for enterprises. Fireblocks studies show that 48 per cent of enterprises have identified settlement efficiency as the largest gain on a stable currency, 30 per cent mention cost savings, and 86 per cent claim that existing infrastructure is deployable. The increase in operational efficiency is equally notable: analysis in 2025 shows that stable currency settlement systems have pushed remittances and settlement costs to about 2.5 per cent, while traditional banking channels can reach up to 5 per cent。

Encrypted currency achieves direct transactions without banks, thus reducing costs and increasing profitability. Travala estimates that the volume of transactions processed by the tourism industry exceeds $11 trillion per year and that the application of block-chain-based solutions reduces the cost of handling to 0.1 per cent, saves $270 billion per year. & ldquo; these advantages are evident in the use of stable coins on high-speed networks, which cost less than one cent, the confirmation that they are almost instantaneous and have not been withheld, and the settlement is open 24 hours a day. ”

B2B TRANSACTIONS CAN ALSO BENEFIT FROM REAL-TIME SETTLEMENTS, ELIMINATING CURRENCY EXCHANGE RISKS AND REDUCING THE NEED FOR ADVANCE PAYMENTS. BUT NOT ALL ENCRYPTED SOLUTIONS ARE THE SAME。

future trajectories: commercial penetration accelerated — — more than 57 per cent of encrypted business payments are now settled in stable currency; user activities expanded — — millions of active wallets and transactions per day. operating gains: settlement speed takes precedence over cost savings; infrastructure readiness and regulatory synergies are rapidly reducing friction; cost reduction and transparency make stable currency an efficient alternative to cross-border and digital commerce。

B. INTRODUCTION OF PAYMENT SCENARIOS

a. stable currency for suppliers, manufacturers and salary payments

According to PYMNTS, B2B ' s annual size of stable currency transactions has reached $36 billion, constituting the largest breakdown in the actual application of the stable currency, exceeding P2P and binding card payments. Artemis Analytics also supports this ranking, with B2B stable currency payments estimated at 50 per cent of total payments. Demand is driven by global manufacturing enterprises, logistics providers and service companies, which increasingly settle cross-border supplier invoices in stable currencies, pay overseas contractors and simplify payroll。

b. cooperation and hosting programmes: enterprise-level infrastructure

The MasterCard is incorporating the FIUSD stabilization currency into its payment ecology, making it accessible to businesses and businesses in over 150 million business networks. At the same time, Fiserv plans to introduce a stable currency-driven digital asset banking platform, with broad support from Circle, Paxos and Solana, to introduce regional and community banks into stable currency payment systems. Large banks like US banks, Morgan Chase, Slags, PayPal, and Stripe are actively developing stabilization currency distribution and integration strategies targeting B2B and commercial corridors. Businesses and financial technology wallets, SAFE tools and funds management systems are being designed or upgraded to deal with the stabilization of currency flows, enabling enterprises to allocate funds with programmable precision, internalize compliance and interface with old systems。

Core value claims are concentrated on the path of immediate settlement, circumvention of exchange rate fluctuations and near-zero friction, particularly in markets where traditional banking services are inadequate。

c. liquidity and cash management: intra-enterprise fund transfers

Large enterprises and the finance sector are using stabilization currency as a programmable liquidity tool. Morgan Chase digital dollar and euro tokens now process more than $1 billion in institutional flows daily, indicating that they are deeply integrated into automated fund operations. This growing scale uses the currency of stability as a real-time financial channel for instant internal transfers, automatic cash return across jurisdictions and seamless movement between French currency and digital assets along the chain through hosting platforms。

& ldquo; new banks set out what digital banks should look like, but never touched the core infrastructure. it was that upgrade. in combination, unlock all that digital banks should have: instant transfers, low transfer costs, access to globally stable currencies. ”

— — RIZON

The rise of emerging banks

With digitally prioritized infrastructure, user-friendly interfaces and global accessibility, new banks have become a bridge between traditional finance and encrypted economies. Rizon ' s analysis highlights its potential: by 2025, as regulatory clarity increases and users ' demand for money without borders grows, new banks are in a unique position to integrate stable currencies into daily banking experience — — from payroll to payments and savings。

In 2025, the global number of new bank users exceeded 600 million, while in 2023 it was 394 million, with a compound growth rate of over 30 per cent in recent years。

The giant is moving. Revolut and N26 are expanding encryption services to include stable currency transfers and payments; Monzo and Wise explore immediate, zero foreign exchange cross-border remittances through regulated stable currency corridors. In emerging markets, new banks such as Nubank (Brazil) and Maya (Philippines) have been piloting stable currency-linked wallets for household payments and payroll. By embedding a stable currency in a core product, the new bank is becoming a multi-million user & ldquo; spending a digital dollar, not just an entry point to the transaction & rdquo。

4.1 Rizon Stable Bank Case

Rizon is a new generation of non-trusted stable currency applications introduced in 2025, designed to make “ digital ” really usable. Operating in more than 110 countries, users can deposit, transfer, consume, invest and collect stable currencies such as USDC, USDT, etc. at low cost and in near real time. Through virtual and physical Visa cards, users can use stable currency to cover all traditional card brushes in over 100 million businesses and ATMs worldwide。

The non-host structure ensures full user control over funds and private keys. Rizon has now supported currencyization stock transactions, 5 per cent consumption returns, and the RizPoints integrity scheme, convertible airline tickets, hotels and gift cards. Rizon’s mission is simple: to turn the stable currency into a realistic alternative to the outdated banking system. Rizon is not just an encrypted wallet, but a modern financial gateway that allows users around the globe to use safe, stable and intelligent cross-border financial instruments at all times。

As the first new bank that will stabilize currency accounts, cards and APIs fully embedded in financial stacks, Rizon allows users and businesses to hold, consume and settle stable currency as easily as they use French currency. Through direct integration with Visa, Rizon supports the use of stable currency consumption, the elimination of exchange friction and the release of real world utility in over 150 million businesses worldwide. Through non-hosting models, anyone with smartphones and Internet connections can use them globally。

Rizon ' s analysis highlights its potential: by 2025, global remittances are expected to total $913 billion, while the stabilization currency could save $39 billion annually in remittance costs and become a key driver of day-to-day cross-border payments。

& ldquo; the essence of the currency is changing. while the internet has changed the way we work, communicate and shop, our financial system is still lagging behind: slow, expensive and inaccessible to billions of people。

The advent of the currency of stability has led to a breakthrough: They are digital dollars supported by a real reserve of 1:1, enabling immediate, borderless, 24-hour transactions without the need for banks or intermediaries. This is not just another trend of encryption, but a fundamental shift in the way money flows. For ordinary users, however, the stabilization currency is still too complex。

In Rizon, we are building the bottom floor of the currency: a simple, secure and visual interface that allows everyone to easily use the stable currency. Just as the new banks did for the French currency, we are doing the same thing for the digital dollar — — and creating financial instruments that are inherently global, tacitly equitable and for those who need them most. ”

— — IgnasSurvila, CEO & Co-founder@RIZON

4.2 CoinGate stabilization currency collection services

CoinGate, a financial technology and encryption payment company founded in 2014 and based in Lithuania, focuses on encrypted currency payment processing and gateway services. Its platform helps businesses to receive bitcoin, stabilize currency and other digital assets and provides French currency exchange services to avoid the risk of volatility. Enterprises can integrate through API and mainstream power provider plugins, CoinGate, to secure global access to encrypted payments。

The company also supports encryption fund distribution, billing and treasury management functions, along with the KYC/AML compliance mechanism. CoinGate, which serves thousands of businesses, handles hundreds of thousands of encrypted transactions each year and works to build bridges between traditional commerce and block chain payments。

Since 2025, the stabilization currency has remained the backbone of encrypted payments on the CoinGate platform, but its share has changed under regulatory influence. As of the quarter, 31.3 per cent of processed payments were settled in stable currency. The USDT remains the second-high frequency currency, accounting for 19.8 per cent of all transactions, although the data mainly reflect the activities of the first quarter (i.e. prior to the entry into force of the MiCA regulation); the platform was subsequently placed under the regulation. At the same time, the proportion of USDC transactions has risen to 11.5 per cent, ranking fourth. In monetary terms, the advantage of the stable currency is more pronounced, accounting for almost half of the total value of the transaction。

The bigger story is how to redefine market patterns in MiCA. As a result of the failure to meet the MICA compliance requirements for the stabilization currency, USDT has been substantially removed from a large number of regulated platforms within the European Union and the European Economic Area. Tether, for its part, has so far made clear that it will not cooperate with applications for compliance qualifications, which has significantly weakened its availability in regulated markets. As a result, the decline in the use of USDT on the platform was not a reduction in demand, but a direct reduction in its circulation by regulatory restrictions. By contrast, USDC has experienced an explosive growth as a result of its certification of compliance with the MiCA and its support of multiple public chains: USDC payments on CoinGate rose by 760% compared to the same period last year; usage increased more than sixfold between January and September 2025 alone. It is clear that “ substitution effects ” — — and European business and consumers who used USDT are collectively moving to USDC。

Regionally, the United States remains the largest single market for stable currency payments at 15 per cent, but when Europe is considered as a whole, it has the highest order volume in the world, with 37 per cent. Asia followed closely, accounting for 30 per cent, with the main drivers coming from India and Hong Kong; in Africa, Nigeria was the most prominent market。

With regard to the use of scenes, stable coins are most concentrated in the digital primary industry, such as adult content, agency services and hosting; at the same time, there has been steady growth in the areas of games, gift cards and consumer electricians。

At the gold end, the change is even more significant: in 2025, 85 per cent of commercial settlements on the CoinGate platform chose to be issued in stable currency. This suggests that, for enterprises, the stabilization currency is no longer just another payment option, but is the preferred settlement layer for cross-border settlements, remittances and B2B flows。

Taken together, the data clearly show that regulation has become one of the main forces influencing the use of stabilization currencies. MiCA legislation created a &ldquao in Europe; Natural Experiment & rdquao; USDT’s share is collapseing in a regulated environment, while USDC is rapidly becoming the preferred currency for both consumers and businesses。

Concluding remarks

THE STABLE CURRENCY IN 2025 IS NO LONGER A THEORETICAL TOOL AND IS BEING SPENT, SETTLED AND SCALED UP IN THE REAL ECONOMY. FROM THE INSTITUTIONAL LIQUIDITY PIPELINE TO THE RETAIL CASHIER, THE STABILIZATION CURRENCY IS QUIETLY BUT DECISIVELY CHANGING THE WAY VALUE FLOWS FLOW. ALTHOUGH ONLY ABOUT 5 PER CENT OF ANNUAL TRANSACTIONS (ABOUT US$ 1.3 TRILLION) ARE LINKED TO THE PAYMENT OF ACTUAL GOODS AND SERVICES. HOWEVER, THIS SMALL FRACTION REPRESENTS THE FASTEST GROWING CATEGORY OF VALUE TRANSFER IN THE CHAIN. IN THE AREAS OF B2B, E-COMMERCE, HOTELS, GAMES AND P2P, STABILIZATION CURRENCY EXPENDITURES ARE MOVING FROM MARGINAL TO MAINSTREAM FUNCTIONS。