Binance Pay is making significant strides in transforming cross-border payments by facilitating instant, low-cost, and borderless transactions. The platform has seen a remarkable increase in merchant adoption, with over 20 million merchants now onboard worldwide. This represents a more than 1,700-fold increase in just ten months, signaling a shift in how cryptocurrency payments are integrated into everyday commerce.

Stablecoins have emerged as a dominant force in this transformation. In 2025, they accounted for over 98% of business-to-consumer (B2C) payments on Binance Pay, highlighting their growing role as a preferred payment method. Stablecoins, such as USDT ($1.00), USDC ($1.00), and others, offer solutions to traditional payment challenges, including delays and high fees, by enabling instant and affordable cross-border transfers.

Stablecoins Drive Global Financial Inclusion

The rapid adoption of stablecoins is contributing to a global shift towards a more inclusive and efficient financial system. Traditional financial institutions are beginning to embrace blockchain innovations, as evidenced by SWIFT’s recent launch of a blockchain-based shared ledger. This move reflects a broader trend of integrating trusted legacy systems with new technologies to enhance speed, reduce costs, and improve transparency.

According to an October 2025 report by Artemis, monthly stablecoin payment volumes surpassed USD $10 billion as of August 2025, marking an 82% increase since the start of the year. A September 2025 EY report forecasts that stablecoins could account for 5% to 10% of global payments by 2030, although actual adoption rates may exceed these estimates due to the rapid pace of technological advancement.

Binance Pay’s Expanding Role in Digital Payments

Binance Pay is at the forefront of this payment revolution, with a diverse merchant network spanning industries such as gaming, retail, and hospitality. Notable brands like JW Marriott in Cannes and KFC in South Africa are among those accepting Binance Pay. The platform’s global reach includes integrations with national systems, such as Brazil’s Pix payment system and Argentina’s QR code payment feature, further embedding crypto payments into daily life.

These developments underscore Binance Pay’s commitment to making cryptocurrency payments practical and accessible across diverse markets. The platform’s rapid growth in merchant numbers, expanding user base, and increasing transaction volumes reflect its mission to integrate crypto payments into everyday commerce.

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Why This Matters: Impact, Industry Trends & Expert Insights

Binance Pay is transforming cross-border payments by integrating stablecoins, which has led to a substantial increase in merchant adoption and transaction volumes. This development signifies a major shift in how digital currencies are utilized in everyday commerce.

According to a report by OpenDue, stablecoin adoption in cross-border payments has significantly accelerated, driven by benefits such as faster settlement times, lower costs, and enhanced financial inclusion. This trend is exemplified by Binance Pay’s role in facilitating seamless, low-cost transactions across borders, highlighting the growing integration of stablecoins in global payment systems.

Insights from a TRM Labs report emphasize that Binance Pay is significantly impacting global payments by amplifying the role of stablecoins and enabling seamless crypto transactions worldwide. This supports Binance Pay’s expanding influence in the digital payments landscape, marking it as a pivotal infrastructure in the transition to blockchain-based global payments.

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