Bên trong tổng giao dịch của stablecoin vượt 4 nghìn tỷ: hình thành cơ sở hạ tầng mới cho thanh toán và quyết toán

【币界】Stablecoin’s position 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 the first 7 months of 2025, stablecoin trading volume is expected to surpass 4 trillion USD, an increase of 83% 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 effort on independent development, and can quickly launch branded products using ready-made solutions. In reality, there are platforms already processing transactions for over 980 merchants, with a total transaction volume exceeding 5.1 billion USD.

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