[Stablecoin Payment Volume Doubled! Market Potential Behind $390 Billion and Asia's Dominance] According to the latest data from McKinsey, stablecoin payment volume has doubled this year, reaching $390 billion. However, what’s truly worth paying attention to is not just this large number but the potential and market penetration it represents.

1. Of the $35 trillion in transaction volume, actual payments account for only 0.01%
Annual stablecoin transaction volume: $35 trillion, with $390B used for actual payments. The rest is used for trading, rebalancing, and automated contracts. This means that the real payment usage of stablecoins is only 1%, and most transactions do not directly convert into actual payments.

2. Asia leads: 60% market share from Asia
Asia accounts for 60% of the stablecoin payment market, with Singapore, Hong Kong, and Japan as the main drivers. B2B payments are leading in stablecoin payments, reaching $226 billion, a 733% year-over-year increase. Compared to the global $6 trillion market, the penetration rate of stablecoin payments is 0.01%, indicating that infrastructure is mature but market pricing has not yet fully caught up.