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The Adoption of Stablecoins in Enterprise Payments: 2025 Insights

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The Adoption of Stablecoins in Enterprise Payments: 2025 Insights

Introduction

Did you know, in 2023, stablecoins settled $10.8 trillion worth of transactions, with $2.3 trillion attributed to organic activities such as payments and cross-border remittances? (Coinbase Institutional).
This staggering volume underscores stablecoins’ growing dominance in digital payments, surpassing traditional banking networks in speed, efficiency, and accessibility. As businesses navigate an increasingly interconnected global economy, traditional payment systems—despite their reliability—face mounting challenges. High transaction fees, slow cross-border settlements, and regulatory complexities hinder operational efficiency. In contrast, stablecoins offer instant, cost-effective, and transparent financial transactions, making them an ideal alternative for enterprise payments, supply chain finance, payroll, and global remittances.
With financial institutions and fintech firms rapidly exploring blockchain-based payment solutions, the question is no longer if enterprises will integrate stablecoins but when and how.
This blog explores why stablecoins are transforming enterprise payments, delving into their benefits, real-world use cases, challenges, and the future of blockchain-driven financial infrastructure.

1. What Are Stablecoins?

Stablecoins are a type of cryptocurrency designed to maintain a stable value, typically pegged to fiat currencies like the U.S. dollar (USD) or euro (EUR), or other assets. Unlike volatile cryptocurrencies such as Bitcoin (BTC) or Ethereum (ETH), stablecoins offer price stability, making them ideal for payments and enterprise use cases.
Types of Stablecoins
1. Fiat-Collateralized Stablecoins –  Backed 1:1 by reserves of fiat currency, such as the U.S. dollar. Examples include USDT (Tether) and USDC (USD Coin), where each issued token is fully backed by fiat held in reserve.
2. Crypto-Collateralized Stablecoins – Pegged to other cryptocurrencies. DAI, for instance, is collateralized by Ethereum (ETH) and maintains stability through smart contracts and over-collateralization mechanisms.
3. Algorithmic Stablecoins – These rely on smart contracts and algorithmic mechanisms to regulate supply and demand, aiming to maintain a stable peg without traditional collateral (Ledger, 2024). However, the collapse of TerraUSD (UST) in 2022 exposed the risks of this model, as a failure in the mint-and-burn mechanism led to a market crash (Bitstamp, 2023).
Stablecoin Balance Illustration
Stablecoins: Balancing Fiat Value and Crypto Utility
Why Enterprises Are Adopting Stablecoins

Stablecoins combine the stability of traditional fiat currencies with the efficiency of blockchain technology, enabling faster transactions, lower fees, and enhanced transparency, making them a compelling solution for enterprise payments. To fully understand why stablecoins are gaining traction, we need to examine the current landscape of enterprise payments and the inefficiencies businesses face today.

2. The 2025 Landscape of Enterprise Payments

The global payments ecosystem is undergoing a profound shift, fueled by the rise of blockchain technology, evolving regulatory frameworks, and increasing institutional interest in digital assets. Traditional financial systems, long the backbone of enterprise transactions, are now being outpaced by faster, more cost-efficient alternatives. Businesses operating in a high-speed, globally connected economy require payment solutions that eliminate inefficiencies, reduce costs, and enhance liquidity—factors driving the adoption of stablecoins.

Illustration representing global stablecoin regulation featuring the U.S. Capitol (GENIUS Act), the EU Parliament (MiCA), and Abu Dhabi’s investment role in crypto, surrounded by digital currency icons.
Global Stablecoin Regulation: GENIUS Act, MiCA, and Abu Dhabi’s Strategic Investment
As stablecoins gain mainstream acceptance, governments and regulatory bodies are actively shaping policies to integrate them into enterprise-level financial ecosystems. In the United States, the Senate Banking Committee recently approved the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, which proposes a dual regulatory framework for stablecoin issuers, allowing them to register with either state or federal authorities (Forbes, 2024). Meanwhile, the European Union’s Markets in Crypto-Assets (MiCA) regulation aims to create a comprehensive regulatory framework for crypto-assets across the EU, supporting market integrity and financial stability by regulating public offers of crypto-assets and ensuring consumers are better informed about associated risks (ESMA, 2024).
Additionally, Abu Dhabi’s investment entities have deepened their involvement in the crypto space, with MGX investing $2 billion into Binance, reinforcing the region’s ambition to become a major player in blockchain finance (Bloomberg, 2024).
With regulatory clarity improving and institutional confidence growing, enterprises are rapidly integrating stablecoins into their financial infrastructure. Fintech firms, multinational corporations, and institutional investors are leveraging stablecoins to optimize cross-border transactions, reduce operational costs, and enhance liquidity management.
This shift is accelerating stablecoins’ transformation from a niche digital asset into a mainstream enterprise payment solution, setting the stage for a more efficient and globally connected financial ecosystem.

2.1 Challenges with Traditional Payment Methods

Despite advancements in financial technology, traditional enterprise payments continue to face significant inefficiencies, particularly in cost structures, transaction speeds, and currency risks.

1. High Transaction Fees

Wire Transfers & Credit Cards: Businesses using SWIFT wire transfers, credit card networks, or other traditional payment rails often incur significant fees that impact profit margins

  • Wire Transfers: Domestic wire transfers average $26 per transaction, while international wires cost around $44 (Bankrate, 2024).
  • Credit Card Processing: Businesses accepting credit card payments pay transaction fees ranging from 1.5% to 3%, plus additional processing fees (Plaid, 2024).

Intermediary Costs: International transactions often pass through multiple financial institutions before reaching the recipient, incurring additional costs. Intermediary banks charge between $10 and $30 per transaction (PayGlocal, 2024).

2. Slow Cross-Border Transactions

Outdated Banking Networks: Traditional SWIFT or correspondent banking systems require 2–5 business days to complete international transactions due to compliance checks, intermediary bank approvals, and time zone differences (NerdWallet, 2024).

Supply Chain Disruptions: Slow payments impact global supply chains, delaying vendor settlements and payroll disbursements. For businesses operating internationally, these delays create inefficiencies that stablecoins can eliminate.

3. Currency Exchange Risks

Fluctuating Exchange Rates: Enterprises conducting business across multiple currencies face volatility risks, which can impact financial forecasting and profitability.

Hidden Conversion Fees: Banks often adjust FX rates without transparency, adding unexpected costs for businesses. Foreign exchange fees can range from a few cents to several percentage points of the transaction amount (Payoneer, 2024).

These inefficiencies have prompted businesses to explore alternative digital payment solutions, with stablecoins emerging as the preferred option for enterprise transactions.

2.2 The Rise of Digital Payment Alternatives: Stablecoins Taking the Lead

To address these challenges, enterprises are actively adopting blockchain-based financial solutions, with stablecoins emerging as the preferred choice due to their ability to offer faster, lower-cost, and more transparent transactions.

1. Fintech Disruption and Blockchain Integration

Fintech companies, payment processors, and financial institutions are integrating stablecoin transactions into their financial frameworks to enhance efficiency and reduce reliance on traditional banking systems.

PayPal – Launched PayPal USD (PYUSD), a fully fiat-backed stablecoin, allowing businesses to conduct blockchain-powered transactions while maintaining regulatory compliance (PayPal Newsroom, 2023)

Stripe – Enables merchants to accept USDC payments across multiple blockchains, with automatic fiat conversion, making global remittances faster and more efficient (Coinbase, 2024).

JPMorgan Chase – Developed JPM Coin, a dollar-backed stablecoin used to facilitate interbank payments on its blockchain network, handling approximately $1 billion in transactions daily (Wikipedia, 2024).

2. Growing Merchant Adoption of Stablecoins

Large enterprises and multinational corporations are increasingly integrating stablecoins into their financial operations, reducing banking intermediaries, enhancing liquidity, and enabling direct B2B transactions.

Shopify – Integrated Solana Pay, allowing merchants to accept USDC payments, significantly reducing fees and improving settlement speeds for cross-border transactions (Coinbase, 2024).

Compass Coffee – A Washington, DC-based coffee chain, now accepts USDC payments, reducing reliance on traditional credit card processing fees (Stellar Report, 2024).

MoneyGram – Partnered with the Stellar Development Foundation to enable cash funding and payouts in local currencies via stablecoins, bridging the gap between crypto and traditional finance (CryptoBriefing, 2024).

3. Institutional Adoption and Enterprise-Level Integration

With stablecoins proving to be a viable alternative to traditional financial infrastructure, businesses are increasingly using them for B2B settlements, payroll disbursements, and supply chain finance.

IBM & Stellar Blockchain – IBM’s World Wire platform utilizes stablecoins to facilitate international settlements, helping banks and financial institutions improve liquidity and transaction speed (LinkedIn, 2024).

Visa & USDC Integration – Visa has integrated USDC stablecoin payments, enabling instant settlements without traditional payment rails, enhancing global corporate transactions (Coinbase, 2024).

Siemens – Exploring blockchain-based energy trading, utilizing stablecoins to improve supply chain settlements in the energy sector (LinkedIn, 2024).

2.3 The Shift Towards Stablecoins in Enterprise Payments

As businesses seek better financial agility, lower transaction costs, and more efficient global payment solutions, stablecoins are emerging as the preferred alternative to traditional banking systems.

Why Enterprises Are Choosing Stablecoins:

Infographic showing key advantages of stablecoins in enterprise payments, including instant settlements, lower fees, enhanced transparency, and global scalability.
Stablecoins offer enterprises faster, cheaper, and more transparent cross-border transactions — transforming the future of payments.

With increasing government acceptance, institutional backing, and fintech integration, stablecoins are set to become a cornerstone of enterprise payments, reshaping the financial landscape for businesses worldwide.

3. Benefits of Using Stablecoins in Enterprise Payments

Stablecoins are increasingly being adopted in enterprise payments, offering significant advantages over traditional financial systems. From reducing costs to enabling real-time settlements, they provide businesses with greater control, transparency, and efficiency (Coinbase, 2024).

A. Cost Efficiency

Traditional financial systems involve multiple intermediaries, leading to high transaction costs at every step. A single cross-border transaction can include:

✅  Bank fees for wire transfers, ranging from $10 to $50 per transaction.
✅  FX conversion fees, typically 1–3% per transaction.
✅  Card network fees – Visa, Mastercard, and American Express charge 1.5% to 3.5% per transaction (Bankrate, 2024).
Stablecoins eliminate these costs by bypassing banks and FX intermediaries, allowing direct, low-cost transactions between businesses. Payments processed using USDC, USDT, or BUSD cost only a few cents per transfer, making them a cost-effective solution for global trade (Chainalysis, 2024).

B. Faster Settlements

One of the significant drawbacks of traditional financial systems is the slow transaction speed, especially for cross-border payments.

Payment Method Settlement Time Source
Bank Wire Transfer (SWIFT) 1-5 Business Days GoCardless, 2024
Credit Card Payments 1-3 Business Days Stripe, 2024
ACH Transfers 1-3 Business Days Stripe, 2024
Stablecoin Transactions (USDC, USDT) instant or within minutes Phantom Wallet, 2024

With stablecoins, businesses can send and receive payments 24/7, without relying on banking hours or processing delays. This enables:

✅  Faster cash flow management
✅  Instant payroll disbursements
✅  More agile financial operations

C. Reduced Currency Risk

Global enterprises often face significant challenges due to currency fluctuations. Traditional fiat payments can be impacted by:

✅  Unpredictable exchange rate fluctuations, which can erode profit margins when revenues or expenses are denominated in foreign currencies..
✅  Bank-imposed FX conversion rates, which add to transaction costs and reduce cross-border efficiency.
✅  Regulatory restrictions on certain currency movements, which can delay international settlements and complicate treasury operations..
Stablecoins like USDC and USDT provide a stable value alternative, minimizing exposure to volatile fiat currency shifts. Many businesses are increasingly using stablecoins to:
✔ Streamline financial forecasting
✔ Reduce currency conversion losses
This makes stablecoins an effective hedge against FX volatility, particularly for enterprises operating in emerging markets. Industry reports from financial
institutions and central banks continue to explore how stablecoins contribute to improved financial stability for global businesses

D. Transparency & Security

Unlike traditional banking, where payments are opaque and subject to hidden fees, stablecoin transactions are recorded on a public blockchain, ensuring complete transparency.​

  • Immutable Records – Blockchain-based transactions cannot be altered or forged, reducing fraud risks (World Economic Forum, 2024).
  • Smart Contracts – Automate payments, invoices, and escrow settlements without third-party involvement.
  • Compliance Tracking – Businesses can track every transaction in real-time, improving financial reporting and auditing accuracy· (ScienceDirect, 2024).

With enhanced transparency and fraud prevention, enterprises can:​​

✔ Improve compliance
✔ Streamline financial reporting
✔ Increase operational security

4. Real-World Use Cases of Stablecoins in Enterprises

A. Cross-Border Transactions

✅  Visa & USDC Partnership: Visa has integrated USDC into its payment system to enable stablecoin settlements across global card networks, reducing reliance on traditional banking rails (Visa, 2023).

✅  IBM’s Stellar-Based World Wire: IBM partnered with Stellar to launch World Wire, a blockchain-based global payments network that uses stablecoins to facilitate instant cross-border transactions between financial institutions (Stellar, 2019).

B. Payroll & Remittances

Enterprises are using stablecoins to simplify payroll and contractor payments, especially for international teams.

✅ Bitwage: Bitwage enables employees and freelancers to receive their salaries in stablecoins like USDC and USDT, ensuring fast, borderless payroll processing with minimal fees (Bitwage, 2025).

✅ Deel: Deel offers stablecoin payroll solutions, allowing businesses to pay remote teams in over 120 currencies, including USDC. With Coinbase integration, Deel enables seamless and compliant crypto payrolls (Deel).

C. E-Commerce & Retail

Luxury brands are integrating cryptocurrency payments, including stablecoins, to cater to tech-savvy consumers and streamline transactions.

✅ Gucci: In May 2022, Gucci started accepting cryptocurrency payments, including stablecoins, at select U.S. stores ​(Yahoo Finance).

✅ Balenciaga: In June 2022, Balenciaga began accepting Bitcoin (BTC) and Ethereum (ETH) payments for online transactions and in some of their U.S. flagship stores, with plans to accept more cryptocurrencies in the future (Reuters, 2024).

5. Evolving Regulatory Landscape

GENIUS Act (U.S.): As of March 2025, the GENIUS Act has passed the Senate Banking Committee and awaits full Senate debate. It aims to create a dual-registration framework for stablecoin issuers—either state or federally regulated—signaling growing bipartisan support for stablecoin adoption (Axios, 2025).

MiCA (EU): The Markets in Crypto-Assets Regulation (MiCA) came into full effect on December 30, 2024. It provides a clear framework for stablecoin issuance and compliance, enhancing legal certainty across the EU (ESMA, 2024).

Depegging Risks Remain: Despite regulatory momentum, concerns persist around algorithmic stablecoins following TerraUSD’s collapse in 2022, which exposed systemic risks and triggered global calls for stronger safeguards (ScienceDirect, 2022).

6. Challenges and Considerations

Technological Barriers
  • Integration Complexity: Many businesses lack blockchain infrastructure and in-house expertise to integrate stablecoin payment systems seamlessly.
  • Cybersecurity: Incidents involving platforms like Tether and Binance Smart Chain underscore the importance of robust security and ongoing risk assessments.
Market Adoption Challenges
  • Banking Resistance: Some traditional banks view stablecoins as a competitive threat and may limit interoperability or services for blockchain-based payments.
  • Cross-Border Compliance: Varying regional regulations can complicate enterprise-level adoption, especially for multinational firms operating across jurisdictions.

7. The Future of Stablecoins in Enterprise Payments

As enterprises increasingly integrate blockchain technologies, stablecoins are set to become pivotal in global payment systems. Factors such as institutional adoption, regulatory developments, and technological innovations are driving the rapid evolution of the stablecoin ecosystem, presenting new opportunities for businesses worldwide.

A. Forecasts for Growth and Mainstream Adoption

Financial institutions project a significant rise in stablecoin usage:

  • Market Projections: Recent congressional briefings and research suggest that up to $5–6 trillion in assets could transition into stablecoins and digital money annually by 2030 (Fortune, 2025).
  • International Settlements: The International Monetary Fund (IMF) indicates that stablecoins could play a key role in reshaping cross-border payments and reserve currency frameworks in the next decade (IMF, 2024).

B. Central Bank Digital Currencies (CBDCs) vs. Private Stablecoins

As private stablecoins like USDT and BUSD gain prominence, governments are accelerating the development of their own digital currencies:

  • Digital Dollar and Digital Euro: These state-backed CBDC initiatives are being explored as secure, compliant alternatives to privately issued stablecoins.
  • Regulatory Scrutiny: Reports by the Bank for International Settlements (BIS) emphasize the need for global oversight and the mitigation of systemic risks posed by large centralized stablecoins (BIS, 2023).

C. Innovations and Emerging Use Cases

  • Digital Dollar and Digital Euro: These state-backed CBDC initiatives are being explored as secure, compliant alternatives to privately issued stablecoins.
  • Regulatory Scrutiny: Reports by the Bank for International Settlements (BIS) emphasize the need for global oversight and the mitigation of systemic risks posed by large centralized stablecoins (BIS, 2023).

Stablecoins are evolving beyond simple value transfer tools to power next-generation decentralized finance (DeFi) and enterprise systems:/span>

  • DeFi Integration: Stablecoins now facilitate automated lending, staking, and liquidity provisioning in DeFi, offering new financial models for businesses.
  • Enterprise Adoption: Leading institutions like Visa, Mastercard, and major banks are actively piloting stablecoin-compatible payment systems, enabling instant, programmable settlements across borders.

Conclusion

Stablecoins are reshaping enterprise payments by offering cost savings, instant transactions, and enhanced transparency. As businesses seek more efficient financial solutions, stablecoins are rapidly emerging as a viable alternative to traditional banking systems. While regulatory challenges and technological barriers still exist, the momentum behind stablecoin adoption is undeniable, with fintech firms, multinational corporations, and institutional investors integrating them into their financial operations.

With growing government acceptance, institutional support, and fintech innovation, stablecoins are set to become a fundamental pillar of enterprise payments. Companies that proactively explore and adopt stablecoin-powered financial solutions will gain a competitive advantage in an increasingly digital economy.

Codora: Driving Blockchain Innovation for Enterprises

As stablecoins become the backbone of digital payments, now is the time for enterprises to act. Codora provides secure, scalable blockchain solutions tailored for enterprise needs—whether it’s integrating stablecoin payment gateways, automating financial transactions with smart contracts, or streamlining cross-border settlements.

Contact us today to future-proof your financial operations with cutting-edge blockchain technology.

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