Binance Pay Hits 20 Million Merchants: Stablecoin Payments Take Off

Binance Pay has experienced a meteoric surge in merchant adoption, expanding from twelve thousand to over 20 million businesses within just ten months. This impressive growth rate demonstrates the transformative power of stablecoins and their role as a practical infrastructure within the global payments ecosystem. The expansion is not limited to crypto-native hotspots; retailers and service providers across diverse regions are embracing Binance Pay’s payment rails, driven by customer demand for faster payment solutions. This trend reflects a growing shift towards using stablecoin-based transactions in locations where traditional banking systems often struggle with speed and efficiency. The transition from novelty payments to everyday reality underscores the increasing mainstream adoption of cryptocurrencies within the financial landscape.