Stablecoins Expand in Payments, Yet Most Activity Remains Internal

Why It Matters

Understanding the split between internal and external stablecoin activity clarifies where the technology delivers real economic value and where it still needs to prove itself. As B2B and consumer payments accelerate, stablecoins could reshape cross‑border transactions, reduce costs, and increase financial inclusion—making this shift highly relevant for fintech innovators, regulators, and anyone involved in the future of payments.