Analysis: The "trillions of dollars in transaction volume" for stablecoins mostly do not represent actual payments; last year, the actual payment volume was around $390 billion

BlockBeats News, May 12th, L2 network Lisk stated in a post that the frequently mentioned "trillions of dollars in stablecoin transaction volume" in the market mostly does not belong to real payment behavior, but rather to trading, arbitrage, and automated on-chain circulation. According to the McKinsey and Artemis Analytics data it cited, the real payment scale of stablecoins by 2025 is estimated to be around $390 billion, with the following breakdown:

- B2B payments: around $226 billion, accounting for approximately 58%
- Salaries and remittances: around $90 billion, accounting for approximately 23%
- Capital market-related payments: around $8 billion, accounting for approximately 2%
- Other payment scenarios: around $66 billion, accounting for approximately 17%

In addition, B2B stablecoin payments saw a year-on-year growth of 733%. However, compared to the global B2B payment market of about $1.6 quadrillion, the proportion is still only around 0.01%. Lisk believes this indicates that although stablecoin payments are growing rapidly, there is still a significant gap to be bridged before they truly penetrate the global mainstream payment system.