2025: The global turning point for stablecoins in business payments

Stablecoins are no longer just a promise—they’ve become a tangible reality in global financial infrastructure. Fireblocks' State of Stablecoins 2025 report reveals that 90% of financial institutions already use or are actively exploring the use of stablecoins, especially for cross-border payments. This mass adoption is not uniform; each region presents unique dynamics that are redefining the global financial landscape.

Latin America leads enterprise adoption but the world is catching up

Latin America stands out as a leader in stablecoin implementation, with 71% of companies using digital currencies for cross-border payments. Additionally, 92% of organizations in the region claim their tech infrastructure is ready to handle stablecoin flows—outpacing other regions in technological preparedness.

In contrast, Asia shows a strategic focus on market expansion, with 49% of companies citing this as their main driver. In North America, 88% of institutions view new regulations as key enablers of adoption, reflecting a sharp shift from the skepticism seen in 2023. Meanwhile, Europe benefits from the regulatory clarity brought by MiCA, enabling precise and secure advancement.

The breaking point: Tension between innovation and regulation

As Ben Reid, Head of Stablecoins at Bitso, notes, the growing prominence of stablecoins has triggered a global tension: the rapid adoption of decentralized digital money is putting pressure on governments aiming to maintain control over monetary policy and tax collection.

Recent cases—such as Brazil’s near-ban on stablecoin transfers to self-custody wallets, or Singapore’s tightening of digital asset regulations—highlight the dilemma: how can we embrace innovation without losing monetary sovereignty?

This tension is intensified by the popularity of USD-pegged stablecoins, which have dominated due to their liquidity and scalability. However, the future may lie in stablecoins pegged to local currencies. As Reid argues, these could offer the benefits of blockchain without the perceived “risk” of dollarization. While they don’t yet compete in volume with their dollar counterparts, they represent a viable middle ground: enabling faster, more efficient payments without destabilizing central banks

Strategic implications for businesses

Stablecoin adoption is redefining the foundations of financial management:

• Real-time settlement: improves capital efficiency and reduces counterparty risk.
• Corporate treasury optimization: allows for multi-currency flexibility and immediate access to liquidity in emerging markets.
• Cross-border payment optimization: reduces friction, increases traceability, and offers predictable costs.

In this landscape, Bitso Business positions itself as a key enabler—combining local compliance with global technology to support companies through this transition.