Binance Pay Surpasses 20 Million Merchants, Driven by Stablecoin Dominance

Binance Pay has announced explosive growth, surpassing 20 million merchants worldwide. This represents a staggering 1,700-fold increase since the beginning of 2025 and signals an accelerating global shift toward crypto payments, suggesting mass adoption is rapidly approaching.

Key Trends Driving Growth:

• Stablecoin Dominance: The company reports that over 98% of all B2C payments made through Binance Pay in 2025 are conducted in stablecoins. This underscores the emergence of stable digital assets as the preferred method for fast, low-cost, and cross-border transactions, moving far beyond their original niche.
• Financial Inclusion: Low fees, instant settlement, and global accessibility are the core features driving the momentum of crypto payments among individuals, merchants, and across different regions, significantly boosting financial inclusion.

Impact on Traditional Finance:

The rising use of stablecoins is now beginning to influence traditional finance. Established financial institutions are reportedly experimenting with blockchain-based settlement tools, including proposed blockchain-powered registries for SWIFT.

These developments are pushing a transformation in international finance toward:

• Faster processing.
• Lower transaction costs.
• More transparent cross-border flows.

In this evolving environment, crypto payment tools are emerging as direct and competitive alternatives to established banking systems.

Strategic Integrations:

Binance Pay's growth is strongly supported by strategic local integrations that weave crypto payments into everyday life, including:

• Integration with Brazil’s Pix payment system.
• Support for QR-code payments in Argentina.
• Adoption on Bhutan’s national tourism platform.

These integrations eliminate the need for intermediaries, fostering a more "inclusive, efficient, and borderless financial ecosystem."

November 2025, Cryptoniteuae