PANews reported on May 29 that Artemis, Dragonfly and Castle Island Ventures jointly released a report stating that in the stablecoin payment market, Tether (USDT) accounts for 90% of the transaction volume, and Tron is the preferred settlement network, accounting for about 60%. The annualized payment data in February 2025 reached 72.3 billion US dollars. Although Circle USDC has eroded market share in issuance, it is far inferior to USDT in payment scenarios. The latter is widely regarded as a substitute for the US dollar, especially in emerging markets such as Argentina and Brazil. Due to Tron's low cost and high speed advantages, it has become the preferred chain for transactions.

From January 2023 to February 2025, the total amount of stablecoin payments reached US$94.2 billion, and the monthly payment scale increased from less than US$2 billion to more than US$6.3 billion, an increase of 215%. Among them, Tether accounts for about 80% of the transaction volume, Tron chain is the first choice, followed by Ethereum, BSC and Polygon. It is worth noting that Tether/Tron is not only popular in emerging markets, but also widely adopted by developed countries. The current monthly payment scale of B2B stablecoins is about US$3 billion, which is still in its early stages compared to Visa's forecast of a traditional B2B market of US$145 trillion.