The Number of Binance Pay’s Merchants Exceeded 20M Amid Rapid Growth in Stablecoins’ Use

• Binance Pay has recorded over 20 million merchants due to the dominance of stablecoins in crypto payments.
• Their number has increased 1,700 times since the beginning of the year.
• Meanwhile, Binance Pay is integrating into global finance, from Pix to QR payments in Argentina.

The Binance Pay payment service has passed the 20 million merchant mark worldwide, marking a 1,700-fold increase since the beginning of 2025. The data demonstrates the rapid adoption of crypto payments in various industries and regions, as well as the approach of cryptocurrency payments to mass use.

According to the statement, in 2025, more than 98% of payments in the B2C segment (business-to-consumer) through Binance Pay were made using stablecoins, which confirms the dominance of stable digital assets as the main tool for fast, cheap, and cross-border payments.

The service notes that stablecoins are becoming a driver of financial inclusion, as they provide low fees, instant transfers, and global accessibility, and crypto payments are no longer a niche technology.

Following the press release, the growth in the use of stablecoins is affecting not only the crypto market but also traditional financial systems. Examples include initiatives by traditional players, including the integration of blockchain technologies into global payments, including the development of the SWIFT blockchain ledger.

Such steps indicate a broader shift towards faster, cheaper, and more transparent international payments, where cryptocurrency instruments are becoming a competitor to banking systems, the service representatives noted.

According to Binance Pay, the service is developing through partnerships and local integrations that make crypto payments part of everyday use. The key areas include:

• Integration with the Pix payment system in Brazil
• Support for QR payments in Argentina
• Use of the service on the tourism platform in Bhutan

In this way, according to the team, Binance Pay promotes a “more inclusive, efficient, and borderless financial ecosystem” by facilitating users’ access to international payments without intermediaries.