2025年跨境支付中的稳定币状况研究报告（英文版）-105页.pdf

THESTATEOF

STABLECOINS

INCROSS-BORDER

PAYMENTS

The2025industryprimer

Author

FEATURINGSUBSTANTIALFXCINTELLIGENCEDATACOVERAGEAND

LUCYINGHAMADDITIONALINSIGHTSFROMINDUSTRYLEADERS:

Contributors

DANIELWEBBER

CALLUMTYNDALL

ARINOLALAWAL

17JULY2025FXCIntelligenceistheglobalindustrystandardforcross-border

FXCINTEL.COMpaymentsdataandintelligence

2

KEYDATA

$16.5TN$23.7TN

ThebasetotaladdressablemarketforTheupsidetotaladdressablemarketfor

cross-borderpaymentsusingstablecoins,cross-borderpaymentsusingstablecoins,

basedoncurrentmarketconditions(FXCbasedoncurrentmarketconditions(FXC

Intelligencemarketsizingdata,basedonIntelligencemarketsizingdata,basedon

non-G20marketsize)non-G10marketsize)

1%80%

ThecurrentsharethatstablecoinshaveofTheshareoftheentirestablecoinmarket

theglobalcross-borderpaymentsmarketheldbythetwoleadingstablecoins,

(includingwholesale,totalled$194.8tninUSDTandUSDC

2024–FXCIntelligencedata)

+186%11YEARS

TherateofincreaseinpressreleasesThetimethathaspassedsincethefirst

issuedthatdiscussstablecoinpayments,stablecoinwaslaunched

versusthosereleasedayearago

LATINAMERICATHECARIBBEANTONORTHAMERICA

ANDSUB-SAHARANAFRICATOEUROPECENTRALASIA

Twoofthe