Stablecoin Cross-border B2B Transactions to Reach $5 Trillion by 2035

A new study from Juniper Research has found that the total value of cross-border B2B stablecoin transactions will reach $5 trillion by 2035, from $13.4 billion in 2026. The growth is driven by stablecoins increasingly addressing inefficiencies within cross-border payments. Stablecoin transactions include P2P (person-to-person), P2B (person-to-business), B2B (business-to-business), B2C (business-to-consumer), and crypto card use cases.

The research found that 85% of stablecoin transaction value in 2035 will be B2B, with stablecoins shifting from a speculative asset to a foundational layer of institutional payment infrastructure. Stablecoins are increasingly embedded in cross-border B2B transactions, treasury operations, and supply chain settlements, where their programmability and 24/7 settlement finality offer advantages over correspondent banking rails.

The report identified cross-border B2B payments as the largest driver of stablecoin transaction value growth through 2035. Traditional correspondent banking introduces settlement delays and intermediary costs such as correspondent fees, FX conversion margins, and SWIFT messaging charges. Conversely, stablecoins settle on chain in near real-time; substantially reducing per-transaction costs to a fraction of conventional rails, making it ideal for high-value, time-sensitive corporate transfers across corridors, especially where dollar-denominated stablecoins offer a neutral settlement asset.

"Stablecoins are not replacing payment 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," said Jawad Jahan, Research Analyst at Juniper Research.