stablecoin adoption — Cyprus-based INXY Payments has witnessed a remarkable surge in stablecoin adoption, reporting over $2 billion in annual transaction volume. This impressive figure marks a staggering 500 per cent growth compared to the previous year, showcasing the fintech’s rapid expansion in the digital finance landscape.
The company’s success aligns with a significant year for stablecoins overall, as highlighted in a16z’s State of Crypto 2025 report. This report reveals that stablecoins have achieved over $9 trillion in global transaction volume in the past year, reflecting an 87 per cent increase from the previous year. Such figures emphasise stablecoins’ growing role in the financial ecosystem, surpassing half of Visa’s total payment flows and exceeding five times PayPal’s transaction volume.
September 2025 marked a high point for stablecoin transactions, reaching an unprecedented $1.25 trillion. This surge indicates a broader acceptance and integration of stablecoins across various industries. Major players in finance, including Visa, PayPal, Stripe, J.P. Morgan, and Morgan Stanley, have begun incorporating stablecoins into their operations, signalling a shift towards what is increasingly being termed Traditional Finance 2.0.
INXY Payments’ internal analytics reveal that business-to-business stablecoin payments have exploded, growing more than fiftyfold in less than three years. In January 2023, these payments totalled $119 million, but by August 2025, they had skyrocketed to an impressive $6.4 billion. This growth is attributed to the advantages stablecoins offer over traditional payment methods like SWIFT, which include faster settlement times, lower transaction fees, and a broader geographical reach.
Moreover, INXY has observed a diversification in the sectors utilising stablecoins, which have moved beyond their early crypto-centric applications. Over the past year, the fastest growth in stablecoin transactions on their platform has been in non-profit donations, soaring by 321 per cent year on year. This is followed closely by payroll and global workforce platforms, which saw a 224 per cent increase.
Other notable sectors experiencing significant growth include gold and precious metals transactions, which increased by 205 per cent, and adtech and affiliate networks, which grew by 157 per cent. The e-commerce and online retail sector also showed a healthy rise of 96 per cent, with fashion trailing closely behind at 95 per cent. These statistics highlight a growing trend of mainstream adoption of stablecoins across various consumer segments.
INXY Payments has reported that transactions in electronics grew by 62 per cent, automotive by 54 per cent, and luxury goods by 40 per cent. Additionally, the airline industry experienced a 27 per cent increase, while gaming and digital entertainment rose by 25 per cent. Software and edtech platforms also saw growth rates of 23 per cent and 17 per cent, respectively.
Across these sectors, stablecoins are increasingly being viewed as operational financial infrastructures instead of speculative assets. INXY Payments has indicated a net revenue retention rate of approximately 130 per cent, demonstrating that compliant and low-risk global businesses not only remain on their platform but also continue to increase their transaction volumes annually.
This trend has allowed INXY Payments to keep pace with and even surpass overall market growth during 2025. Co-founder Serge Kuznetsov remarked, “Stablecoins have moved from experiment and fringe to backbone of global B2B payments.” He emphasised the importance of Cyprus’ robust regulatory framework and its pragmatic approach to digital assets in facilitating efficient and compliant cross-border payments for European businesses.
Established in 2022, INXY Payments is licensed and authorised by the EU to provide stablecoin-based financial infrastructure. This allows global businesses to send, receive, and convert digital assets seamlessly and legally, without the need for direct crypto handling. The company has garnered support from Flashpoint VC and various angel investors, operating offices in Cyprus, Poland, and Canada, and maintaining a distributed team across more than 17 countries worldwide.
