Behind the 4 trillion yuan trading volume of stablecoins: the formation of new infrastructure for payment and settlement

[Crypto World] The status of stablecoins is quietly changing. From being a “supporting tool” to gradually evolving into a key layer for payment settlement. The data is in front of us—by 2025, the transaction volume of stablecoins is expected to surpass $4 trillion, an 83% increase compared to last year. What does this growth rate indicate? It shows that the market’s genuine demand for digital asset payments is surging.

The supply side is also keeping pace. An increasing number of payment institutions are launching white-label crypto payment and wallet services. The benefits of this are obvious—banks and payment operators do not need to spend extensive resources on in-house development; they can quickly launch branded products using ready-made solutions. In reality, some platforms are already processing transactions for over 980 merchants, with a total transaction volume exceeding $5.1 billion.

The underlying economic model is also quite clear. Operators can generate revenue through tiered fee structures, transaction markups, and built-in risk control tools. This is not just about technical deployment but a complete business closed-loop. In simple terms, stablecoins are transforming from “tools in the crypto world” to “infrastructure for real-world payments.”