Limassol, Cyprus. Cyprus-based INXY Payments said it has surpassed $2 billion in annual transaction volume, reporting a sharp acceleration in stablecoin adoption across multiple industries. The fintech said the milestone reflects 500% year-on-year growth based on internal analytics from its stablecoin-powered financial infrastructure platform.
INXY growth and diversification
INXY said its performance reflects broad diversification in stablecoin usage, moving beyond early crypto-native sectors, according to its internal data.
Global stablecoin volumes cited in industry report
INXY’s update comes amid what it described as a record year for the global stablecoin economy, as highlighted in a16z’s State of Crypto 2025 report. The report said stablecoins exceeded $9 trillion in global transaction volume over the past 12 months on an adjusted basis, up 87% from a year earlier.
The reported volume was described as equivalent to more than half of Visa’s total payment flows and more than five times PayPal’s. In September 2025 alone, the report said stablecoin transactions reached an all-time high of $1.25 trillion.
Institutional adoption and B2B expansion
Major financial institutions including Visa, PayPal, Stripe, J.P. Morgan and Morgan Stanley have integrated stablecoins into parts of their operations, according to the report, signalling the emergence of what the industry increasingly calls Traditional Finance 2.0.
Global business-to-business stablecoin payments were reported to have expanded more than fiftyfold in under three years, rising from $119 million in January 2023 to $6.4 billion by August 2025.
Payments rail comparisons and instruments used
The report said stablecoin payment rails are increasingly outperforming SWIFT by offering faster settlement, lower fees and wider geographic reach, while volatility risks are mitigated through the use of digital dollar instruments such as USDT and USDC.
How do you expect stablecoin payment adoption to change in your industry over the next year?
