A new report by Juniper Research estimates that stablecoin-based B2B payments will reach $5 trillion by 2035, rising from $13.4 billion in 2026.

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The report identifies cross-border business payments as the main driver of stablecoin adoption. Juniper estimates that 85% of total stablecoin transaction value in 2035 will come from B2B use cases.

B2B Transactions Drive Growth

Companies increasingly use stablecoins for treasury operations, supplier payments , and supply chain settlements. These transactions benefit from faster processing and continuous availability compared to traditional banking systems.

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Stablecoins also support other use cases such as peer-to-peer and consumer payments, but their role in corporate finance is expanding more rapidly. The shift reflects a broader move away from speculative crypto activity toward practical financial applications.

Juniper highlights inefficiencies in correspondent banking as a key factor behind this growth. Traditional cross-border payments often involve multiple intermediaries, which increase costs and extend settlement times.

Read more: USD Stablecoins on Public Blockchains Are Major AML Concern, BIS Warns

These transactions typically include correspondent fees, foreign exchange margins, and messaging costs. Settlement can also take several days, depending on the corridor.

Pressure on Traditional Payment Rails

Indeed, stablecoins offer near real-time settlement on blockchain networks and operate around the clock. This reduces transaction costs and improves speed, particularly for high-value international transfers. Dollar-pegged stablecoins also provide a consistent settlement asset across markets.

"Stablecoins are not replacing payments infrastructure; they are being adopted where the advantages are most pronounced. Cross-border B2B is where those advantages are greatest, and where we expect the most sustained volume growth over the forecast period. Stablecoin issuers and payment service providers should prioritise enterprise integrations and treasury partnerships to capture the majority of this value," Research Analyst Jawad Jahan concluded.

The findings suggest that stablecoins will continue to gain traction in global finance, especially in areas where traditional systems face cost and efficiency challenges.

Regulators Step Up USD Stablecoin Scrutiny

The forecast comes as global regulators step up scrutiny of large dollar stablecoins and their role in the financial system.

In a recent speech covered by Finance Magnates, BIS General Manager Pablo Hernández de Cos warned that major USD stablecoins could have “material consequences” for financial stability if their use grows beyond today’s crypto‑trading niche, comparing their structure to exchange‑traded funds backed by short‑term government debt and bank deposits rather than simple cash balances.

He cautioned that, in a period of stress, rapid redemptions could force issuers to dump Treasuries and pull funding from banks, creating a new channel for contagion at the heart of key funding markets instead of insulating them.

At the same time, policymakers in Asia are opening tightly controlled doors to regulated stablecoin activity, underscored by Hong Kong’s first licenses for issuers under its new regime. The Hong Kong Monetary Authority recently approved HSBC and Anchorpoint Financial as the first licensees, marking the launch phase of a framework that requires fiat‑referenced stablecoin issuers to hold a license and comply with rules on reserve backing, redemption rights, governance, and anti‑money laundering controls.