In its 2025 annual letter, published February 24, 2026, payments giant Stripe revealed that transaction volume on its stablecoin orchestration platform, Bridge, increased more than fourfold over the past year.
The surge comes during a period when Bitcoin fell roughly 50% from its October 2025 peak, highlighting what Stripe describes as a growing separation between speculative crypto cycles and real-world stablecoin utility.
Stripe acquired Bridge in 2024 to serve as a core infrastructure layer for stablecoin-based payments. In 2025, the platform’s growth accelerated sharply.
Transaction volume increased by more than 400% year-over-year. Notably, around 60% of the total volume now comes from business-to-business transactions, including cross-border settlements and payroll operations.
Bridge is also being integrated with Stripe’s new payments-focused blockchain, Tempo, designed to enable faster and lower-cost settlement while bypassing traditional banking delays.
The data suggests that enterprise usage, not retail speculation, is driving stablecoin adoption.
Stripe reported that global stablecoin payment volume doubled to approximately $400 billion in 2025.
Unlike speculative tokens, stablecoins are increasingly used for programmable money movement, treasury management, and operational liquidity.
Institutional momentum appears to be building as well. The report aligns with news that Meta plans to launch its own stablecoin in 2026 through an external partnership.
Meanwhile, major corporations including Microsoft and Nvidia are reportedly leveraging Stripe’s infrastructure as they expand into AI-driven commerce and automated payment systems.
Stripe’s broader business also posted significant growth in 2025.
The company processed $1.9 trillion in total payment volume, marking a 34% increase compared to 2024.
Alongside its annual letter, Stripe announced a tender offer valuing the company at $159 billion, a 74% increase from its early 2025 valuation.
Stripe’s results suggest that stablecoins may be evolving into core financial infrastructure, increasingly insulated from broader crypto price volatility.
While speculative markets cool, programmable dollar liquidity appears to be accelerating.
The takeaway: stablecoin adoption is growing, even when crypto prices aren’t.
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