Binance Pay Expands to 20 Million Businesses Amid Stablecoin Growth

Binance reports $250 billion in transactions and stablecoin payments comprising 98% of its 2025 B2C volume, underscoring widespread crypto payment adoption.

Summary

Binance announced that its Binance Pay service now supports over 20 million merchants and has processed $250 billion in transactions since launch. In 2025, stablecoin payments accounted for 98% of its business-to-consumer transaction volume, reflecting strong demand for stable-value digital assets in everyday payments. The growth from 12,000 merchants in early 2025 to 20 million represents a 1,700-fold increase over ten months.

Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging it to a reserve asset, often the U.S. dollar.
  • Binance Pay: A payment service launched by Binance in 2021 enabling cryptocurrency transactions for merchants and consumers globally.
  • Merchant Adoption: The process by which businesses integrate and begin accepting a particular payment method or technology.