The stablecoin market has grown into a major global payment system, now processing more annual volume than Visa and Mastercard combined. According to a recent industry report, the sector’s market cap has surged to approximately $312 billion, with stablecoins increasingly used for real-world business payments. In response to this growth, Ethereum layer-2 network Morph has launched a $150 million payment accelerator program backed by Bitget to support scalable payment applications.
The stablecoin market has evolved from a niche speculative tool into a major part of global payment rails. Its market cap has grown 60-fold since 2020, reaching around $312 billion by the end of 2025.
These assets now facilitate at least $33 trillion in annual transaction volume. This figure surpasses the combined volumes of payment giants Visa and Mastercard.
Current data debunks the misconception that stablecoins are primarily for crypto traders. They are increasingly being used in the real economy, with more institutions and businesses flocking to blockchain rails.
Monthly transaction volume in mainstream scaling crossed $1.25 trillion in August 2025. This growth was accompanied by wallets increasing by 53% to more than 30 million.
Business-to-business stablecoin payments rose from less than $100 million monthly in early 2023 to over $6 billion by mid-2025. B2B flows now account for roughly 60% of identifiable real-economy stablecoin volume.
About 41% of institutional users report saving at least 10% by using stablecoins for payments. This confirms the belief that stablecoin transfers are more economically viable than traditional payment rails.
Looking ahead, Morph’s roadmap suggests the total stablecoin market cap could exceed $1.9 trillion by 2030. The team also predicts artificial intelligence agents could become the largest group of transaction initiators by 2027.
To ensure they remain part of this movement, Morph has launched the Morph Payment Accelerator. This $150 million initiative is backed by the crypto exchange Bitget and will support companies in scaling high-volume payment applications.
