Core Insights - The use of stablecoins for real-world purchases and payments is accelerating following the passage of US legislation regulating the cryptocurrency sector [1][3] - In August, over $10 billion was transacted through stablecoins, a significant increase from $6 billion in February and more than double the volume from August 2024, indicating a potential annual transaction volume of $122 billion [2][4] Regulatory Impact - The growth in stablecoin usage follows the signing of the Genius Act on July 18, which established federal regulations for stablecoin issuers, mandating that tokens be backed by highly liquid assets like Treasury bills [3][5] Market Dynamics - Despite the rapid growth of stablecoin payments, they still represent a small fraction of traditional payment volumes, highlighting the potential for future growth in this sector [4] - Business-to-business transfers account for the majority of stablecoin payments, totaling $6.4 billion monthly, which is nearly two-thirds of the total and has increased by 113% since February [6] Operational Efficiency - Companies are increasingly using stablecoins to circumvent traditional international banking delays, with an average business payment of $250,000, emphasizing the importance of speed in larger transactions [7]