Stablecoin Payments: The Truth Behind the Numbers (BCG & Allium) - While the total stablecoin transaction volume is $62 trillion, actual economic activity related to payments for physical goods and services accounts for only about 7% ($4.2 trillion). - The majority (93%) of transactions involve cryptocurrency transactions, derivatives transactions, protocols, and internal routing within exchanges. - The actual goods and services payment market is approximately $350-550 billion. - B2B payments: $150-230 billion (40%), a smaller market compared to the payments market, but showing a high annual growth rate of 65%. - C2C payments: $90-130 billion (25%), primarily cross-border remittances and person-to-person transfers. Rapid annual growth rate of 75%. - Declining usage of TRON: While still dominant (approximately 60-80%) thanks to low fees and high USDT liquidity, it will decline from 74% at the beginning of 2025 to around 60% by the end of the year. - With the emergence of institutional stablecoin payment platforms, adoption of Ethereum, Solana, BNB, and Polygon is on the rise.