Just a few years ago, crypto was associated with volatility, complex technologies, and high risk. Today, however, it’s increasingly becoming a part of everyday business processes. This shift has largely been driven by stablecoins, particularly digital dollar equivalents like USDT (Tether) and USDC (USD Coin).
This material is based on the report “Crypto Payments in Business” presented by Max Krupyshev, CEO of CoinsPaid, during the general assembly of the American Chamber of Commerce Estonia (AmCham Estonia) in 2025.
Why Are Businesses Choosing Stablecoins?
Unlike traditional cryptocurrencies such as Bitcoin, stablecoins are pegged to the value of other assets, most often the U.S. dollar. This makes them a convenient and easy-to-understand tool for payments.
According to CoinsPaid, 80% of transactions were carried out in BTC in 2020. By 2024, that same percentage was being processed in stablecoins, particularly USDT and USDC. A significant share of these transactions are payments for various goods and services. So why are businesses opting for stablecoins? Because they provide stability, versatility, and ease of integration.
Stablecoins Offer Advantages for International Business
Stablecoins are especially in demand in countries with unstable economies and limited access to U.S. dollars in the local banking system, such as Indonesia, Brazil, or Argentina.
For freelancers, startups, and online platforms, stablecoins serve as an alternative to traditional banking infrastructure because:
opening a crypto wallet takes just minutes;transfers are processed almost instantly, 24/7/365;transaction fees are lower than those of traditional providers;services can be accessed globally without geographic limitations.
Stablecoins are becoming a new universal payment method, especially in countries where unofficial dollar-based transactions are common, and the banking system fails to meet the financial needs of local businesses and the population.
Stablecoin Adoption Is Growing
The total volume of stablecoins in circulation has already exceeded $144 billion. In 2024, the overall turnover of stablecoins between businesses, platforms, and individuals was comparable to, or even surpassed, that of payment giants like Visa and Mastercard.
Payment companies and banks are already integrating crypto solutions into their platforms. Many Web3 payment service providers now offer specialized APIs, enabling businesses to send and receive crypto without having to deal with technical complexities.
Gradual Adoption of Industry Regulation
Government regulators are gradually implementing legal frameworks for crypto payments. In the European Union, for instance, there is now a list of licensed stablecoins. Companies are required to verify the origin of funds and monitor suspicious transactions. The transparency of blockchain technology supports this — every token can be tracked from the moment it’s created.
Serious players in the crypto payments market are building their processes in accordance with regulatory requirements, including client identification, transaction tracking, and reporting. This creates more transparent conditions for using digital assets, reduces business risks, and helps legalize cryptocurrency as a financial instrument.
Current State and Future Prospects of Crypto Payments
Leading FinTech companies like Revolut and PayPal already offer users the ability to buy, store, and sell cryptocurrency. However, the demand is being driven not just by individual users, but also by businesses that need to move funds across countries and continents quickly, affordably, and securely.
The next step on the agenda is the integration of crypto features into ERP systems, online banking, and accounting platforms. This will allow businesses not only to accept digital assets but to incorporate them throughout the full financial cycle, from receiving payments to paying salaries, settling with suppliers, and handling taxes.
Stablecoin payments are already being woven into everyday financial infrastructure. For example, CoinsPaid has implemented a mass payout feature via CSV file, through which hundreds of millions of dollars are processed monthly, used to pay salaries, content creator rewards, and contractor fees.
It’s safe to say that cryptocurrency in general, and stablecoins in particular, are becoming essential tools for international business operations, especially amid globalization, remote work, and instability in certain financial systems.
“Crypto is maturing. It used to be ignored or feared, but now it’s a convenient, global, and functional tool. The question is no longer if, but when you’ll start using it yourself,” concluded Max Krupyshev in his presentation.
