Stablecoin Use Cases
Stablecoins are increasingly being used for a variety of use cases, including B2B payments, card-based spending, peer-to-peer payments, and prefunding.
B2B
While stablecoins are often associated with retail usage and remittances, a growing share of volume is being driven by business-to-business (B2B) transactions. Aggregate B2B stablecoin volumes among companies in the study have grown substantially, from under $100 million in monthly volume at the start of 2023 to over $3.0 billion by early 2025.
Card
As stablecoin infrastructure matures, one of the fastest-growing applications has been card-based spending. Enabled through fintech issuers and crypto-native platforms, stablecoin-linked cards allow users globally to spend digital dollars in real-world settings.
P2P
Peer-to-peer (P2P) payments were among the earliest use cases for stablecoins, offering a faster, cheaper, and more accessible alternative to traditional remittance and money transfer channels. This use case gained early traction in regions facing currency instability, limited banking access, or high cross-border fees.
B2C
B2C payments represent another fast-growing area of stablecoin adoption, particularly in use cases where individuals receive payouts, such as payroll transactions, or make recurring purchases using digital dollars.
Prefunding
Prefunding occurs when businesses send money in advance to ensure seamless transactions. In stablecoin transfers, this means delivering local currency before the stablecoin settles, creating a funding gap for the sender. Arf and Mansa provide short-term capital to stablecoin businesses, enabling prefunded cross-border payments and supplier payouts without tying up their own cash.