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How Big Is Stablecoins' Share of Cross-Border Payments? A New FXC Intelligence + Allium Report

FXC Intelligence and Allium partnered on a first-of-its-kind report measuring stablecoins' share of the cross-border payments market, built on Allium's Real-World Payments data covering ~2.1 billion transactions.

FXC Intelligence and Allium have published a first-of-its-kind report measuring how much of the global cross-border payments market now runs on stablecoins. Written by Lucy Ingham, VP of Research at FXC Intelligence, and released on July 30, 2026, it pairs FXC Intelligence's cross-border payments data with Allium's on-chain data to put a real number on stablecoin adoption.

What the report covers

The report quantifies stablecoins' share of cross-border payments and breaks adoption down by use case (B2B, B2C, C2C, C2B) and geography. It finds stablecoins accounted for roughly 0.31% of $44.3 trillion in retail cross-border payments volume in 2025, up from 0.2% in 2024. Consumer-involved transactions showed meaningfully higher adoption than business-only transfers, with C2C at 0.95% and B2C at 0.89%. Stablecoin volume grew about 64% year over year, against 9% growth for fiat.

How Allium contributed

The on-chain side of the analysis draws from Allium's Real-World Payments layer, which covers around 2.1 billion transactions between 2024 and 2026 year to date. To isolate genuine cross-border payments, the analysis filtered out non-payment activity, excluded exchange deposits, and used geotagged data across Ethereum, Polygon, Base, Solana, and Tron.

Why it matters

Stablecoin adoption in payments has been easy to assert and hard to size. Bringing together a cross-border payments data leader and an on-chain data provider gives the market a defensible, methodology-backed baseline rather than a headline estimate. It is a clear example of Allium's payments data underpinning research that institutions and analysts can actually cite.

Read the full report from FXC Intelligence (subscription required): How big is stablecoins' share of the cross-border payments market?

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