According to Mars Finance, Binance disclosed on its official blog that at the beginning of 2025, only about 12,000 merchants were connected to Binance Pay, while currently over 20 million enterprises accept its payment services. In just ten months, the network scale of Binance Pay has risen more than 1,700 times. This significant growth trend is mainly attributed to the widespread use of stablecoins. This year, over 98% of its B2C transactions have utilized stablecoins such as USDT, USDC, EURI, and FDUSD, and the variety of these stablecoins is continuously increasing. In addition, since its launch in 2021, Binance Pay has processed a cumulative transaction amount exceeding 250 billion USD, with its user base surpassing 45 million.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
The number of merchants using Binance Pay has surpassed 20 million, rising over 1700 times in ten months.
According to Mars Finance, Binance disclosed on its official blog that at the beginning of 2025, only about 12,000 merchants were connected to Binance Pay, while currently over 20 million enterprises accept its payment services. In just ten months, the network scale of Binance Pay has risen more than 1,700 times. This significant growth trend is mainly attributed to the widespread use of stablecoins. This year, over 98% of its B2C transactions have utilized stablecoins such as USDT, USDC, EURI, and FDUSD, and the variety of these stablecoins is continuously increasing. In addition, since its launch in 2021, Binance Pay has processed a cumulative transaction amount exceeding 250 billion USD, with its user base surpassing 45 million.