Binance Pay has surpassed 20 million merchants worldwide, marking a 1,700-fold increase since early 2025. This explosive growth reflects a rapid shift toward crypto payments across global industries, suggesting that mass adoption may be much closer than expected.
According to the company, by 2025 more than 98% of all B2C payments made through Binance Pay will be conducted in stablecoins. This signals the dominance of stable digital assets as a preferred method for fast, low-cost, and cross-border payments—far beyond their early niche use cases.
Stablecoins Reshape Payments and Challenge Traditional Systems
The announcement highlights that stablecoins are increasingly driving financial inclusion. Low fees, instant settlement, and global accessibility are helping crypto payments gain momentum among individuals, merchants, and entire regions.
According to Binance Pay, the rising use of stablecoins is now influencing traditional finance as well. Several established institutions are experimenting with blockchain-based settlement tools, including plans for SWIFT’s blockchain-powered registry.
These developments point toward a broader transformation in international finance—faster processing, lower transaction costs, and more transparent cross-border flows. In this environment, cryptocurrency payment tools are emerging as direct competitors to banking systems.
The growth of Binance Pay is also being fueled by new partnerships and local integrations that embed crypto payments into everyday life. Key examples include:
- integration with Brazil’s Pix payment system
- QR-code payment support in Argentina
- adoption of Binance Pay on Bhutan’s national tourism platform
According to the team, these integrations help create a “more inclusive, efficient, and borderless financial ecosystem” by enabling users to make international payments without intermediaries.
Source: https://coinpaper.com/12484/binance-pay-surges-past-20-million-merchants-as-stablecoins-take-over