PANews reported on November 17th that Binance disclosed in its official blog that at the beginning of 2025, Binance Pay had only about 12,000 merchants, while currently over 20 million businesses accept its payment services. This represents a more than 1700-fold increase in the size of the Binance Pay network within ten months. This significant growth is primarily attributed to the widespread adoption of stablecoins. This year, over 98% of its B2C transactions used stablecoins such as USDT, USDC, EURI, and FDUSD, and this basket of stablecoins continues to expand. Furthermore, since its launch in 2021, Binance Pay has processed over $250 billion in cumulative transactions, and its user base has exceeded 45 million.