Following the passing of the GENIUS Act in the US, adoption of stablecoins could be set to surge, according to a new report from FXC Intelligence, the cross-border payments data and intelligence provider.
In the new report, ‘The State of Stablecoins in Cross-Border Payments: The 2025 Industry Primer‘, FXC Intelligence estimates the base size of the stablecoin cross-border payments opportunity to be around $16.5trillion, underlining stablecoins as one of the most significant emerging technologies in the payments space.
Despite accounting for less than one per cent of global cross-border volumes today, stablecoins are expected to see significant adoption across the sector in the coming years, for both B2B payments and consumer money transfers, and already have a rapidly growing presence in emerging markets.
Drawing from FXC Intelligence’s leading cross-border payments data, alongside deep research and insights from 14 leaders from some of the biggest companies in the space, the report analyses the current and future role of stablecoins in cross-border payments.
In the report, FXC outlines growing investment interest in stablecoins. It says that, despite a more broadly challenging venture capital environment, stablecoins have been attracting considerable support, with large numbers of players announcing fundraises in the last year or so.
What’s next for stablecoins?
Eleven years after the first stablecoin was launched, the report also charts the evolving regulatory landscape, including the impact of the GENIUS Act in the US and comparable frameworks emerging in Europe and Asia.
Daniel Webber, founder and CEO of FXC Intelligence, said: “Stablecoins are already becoming a viable solution for efficient cross-border payments in emerging markets, where challenges around cost and speed persist. The GENIUS Act is set to take adoption to the next level, with applications across the payments industry. This report offers the industry critical insight into where the opportunities lie and what must be overcome to reach them.”
The report also highlights corridors with the highest stablecoin potential, including Latin America & the Caribbean to North America and Sub-Saharan Africa to Europe & Central Asia, based on analysis of pricing, speed and infrastructure data across all 49 regional pairings.
Lucy Ingham, editor-in-chief and VP of content at FXC Intelligence and lead author of the report, also commented: “The cross-border payments industry is in the midst of a transformative change, and stablecoins are a critical part of this shift.
“In many markets, the technology is already having a real-world impact and its long-term potential is immense, particularly when it comes to the role of the US dollar in many markets. This primer brings together the data, context and expert voices that businesses and policymakers need to understand how and where stablecoins are being used today and where they’re going next.”
