Morph Report Says Stablecoins Could Handle 10% of Global Cross-Border Payments by 2030
Stablecoins are rapidly evolving from a niche crypto tool into a core component of global finance, according to a new industry report released by Morph.
The report, The State of Stablecoins, estimates the market has grown to $312 billion in capitalization, marking a 60-fold increase since 2020. Even more striking, annual transaction volume has reached $33 trillion, surpassing the combined payment volumes of Visa and Mastercard.
Shift Beyond Crypto Trading
Morph’s findings challenge the long-held belief that stablecoins are primarily used for crypto trading. While trading activity remains significant, the fastest growth is now coming from real-world business use cases.
Business-to-business (B2B) payments account for roughly $226 billion, or about 60% of identifiable real-economy stablecoin usage. Data from crypto analytics firm Artemis shows B2B volumes surged from under $100 million per month in early 2023 to more than $6 billion per month by mid-2025.
Morph CEO Colin Goltra said the shift reflects a deeper transformation in corporate finance. Companies adopting stablecoins are seeing measurable benefits, with 41% reporting cost savings of at least 10%, and 77% using them primarily for supplier payments.
Forecasting a New Financial Landscape
Looking ahead, Morph projects rapid expansion in both adoption and infrastructure. By the end of 2026, annual stablecoin settlement volume is expected to exceed $50 trillion, driven by increased institutional adoption, including pilots among Fortune 500 companies.
The report also predicts that by 2027, AI-driven systems could become the largest initiators of stablecoin transactions, signaling a shift toward automated, machine-led financial operations.
It further suggests that traditional systems like SWIFT may need to introduce their own stablecoin-based settlement layers to remain competitive.
By 2028, Morph anticipates that at least one emerging market could adopt a private stablecoin as legal tender alongside its national currency.
Stablecoins as a Core Payment Rail by 2030
By the end of the decade, the report forecasts stablecoin market capitalization could exceed $1.9 trillion, with a potential upside to $4 trillion. At that scale, stablecoins could account for 5% to 10% of all global cross-border payments, fundamentally reshaping how money moves internationally.
Investment to Accelerate Adoption
To support this growth, Morph has also announced a $150 million Payment Accelerator programme, backed by the Bitget ecosystem. The initiative aims to help businesses deploy large-scale stablecoin payment solutions through infrastructure support and incentives.
With more than half of organizations planning to implement stablecoin capabilities within the next year, the report suggests the technology is entering a phase of mainstream adoption—moving from experimentation to becoming a foundational layer of global finance.
