The payment service Binance Pay has recorded a rapid increase in popularity — the number of merchants using the platform has exceeded 20 million. Since the beginning of 2025, this figure has grown by 1,700 times, indicating the active adoption of cryptocurrency payments across various sectors of the economy and regions of the world.
This is reported by Business • Media
Stablecoins Dominate Crypto Payments
According to official data, over 98% of transactions in the B2C segment through Binance Pay in 2025 were conducted using stablecoins. This demonstrates that stable digital assets have taken a leading position as the primary tool for fast, affordable, and cross-border transactions.
The service’s announcement emphasizes that stablecoins are becoming a driver of financial inclusion, providing low fees, instant transfers, and global accessibility, while cryptocurrency payments are no longer a niche technology.
Global Integration and New Opportunities
Binance Pay is actively entering the global financial space, expanding partnerships and implementing local integrations. Among the key areas of development for the service are collaboration with the Pix payment system in Brazil, support for QR payments in Argentina, and the application of Binance Pay solutions on Bhutan’s tourism platform.
According to the company’s press release, the dynamics of stablecoin adoption are impacting not only the crypto market but also traditional financial systems. In particular, there is an integration of blockchain technologies into classic payments, notably through the development of a blockchain registry by SWIFT and initiatives from leading financial players.
These changes indicate a global shift towards faster, more transparent, and cheaper international payments, where cryptocurrencies are becoming a competitive tool alongside banking services. The service team emphasizes that Binance Pay is contributing to the formation of a more open, efficient, and borderless financial ecosystem, providing users with easy access to international transactions without intermediaries.