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WARSAW, Poland — Cryptocurrency payment infrastructure provider Paybis has reported a 163% increase in settlement volume in a new analysis of payment service provider activity, highlighting the growing use of stablecoins for moving funds between financial systems. The findings, released on October 30, 2026, cover 13 months of transaction activity and identify Circle’s USDC as the leading settlement stablecoin within the company’s analyzed payment flows. The report suggests that stablecoins are becoming increasingly relevant to payment businesses seeking alternatives to conventional settlement arrangements.
Stablecoins Dominate Tracked Cryptocurrency Settlement
According to Paybis, stablecoins accounted for more than 99% of the cryptocurrency settlement activity included in its analysis. These digital assets are designed to maintain a relatively stable value against a reference currency, making them more suitable for many payment operations than cryptocurrencies with substantial market price fluctuations. Payment providers can use stablecoins to transfer value between counterparties, facilitate conversions, and support international settlement workflows.
The reported dominance of stablecoins applies to the transactions analyzed by Paybis and should not be interpreted as a measurement of every cryptocurrency payment made worldwide. The company’s data reflects activity within a particular set of payment service provider flows, which may differ from retail cryptocurrency trading or decentralized financial applications. Nevertheless, the findings provide insight into how businesses are using digital assets for operational rather than speculative purposes.
USDC Emerges as a Preferred Settlement Asset
Paybis identified euro-to-USDC conversions as the dominant corridor within its analyzed activity. This suggests that some payment service providers are using USDC as a bridge between conventional currency balances and blockchain-based settlement arrangements. For businesses processing international transactions, the ability to convert funds and move them through compatible networks can be an important consideration.
Stablecoin selection depends on several factors, including liquidity, issuer reliability, redemption arrangements, transaction costs, and regulatory requirements. USDC’s prominence in the Paybis analysis may reflect its suitability for the particular customers and markets represented in the dataset. It does not establish that USDC has become the largest stablecoin globally, where other issuers continue to maintain substantial circulating supply and transaction activity.
Payment Providers Explore More Efficient Infrastructure
Traditional international payment processes can involve multiple financial institutions, settlement windows, and reconciliation procedures. Blockchain-based settlement systems offer a different infrastructure model in which compatible assets can move between authorized participants without relying on every element of conventional banking arrangements. This can create opportunities to simplify certain payment flows, although the overall efficiency depends on conversion, compliance, custody, and redemption processes.
Businesses adopting stablecoins must also manage operational and regulatory risks. These include protecting wallet credentials, evaluating counterparties, maintaining transaction records, and ensuring that digital asset transfers comply with applicable financial rules. Stablecoin settlement may reduce some forms of friction while introducing different responsibilities for payment providers.
Stablecoin Adoption Expands Beyond Cryptocurrency Trading
The Paybis findings illustrate a broader shift in how digital assets are being used within financial infrastructure. Stablecoins originally gained prominence as trading instruments on cryptocurrency exchanges, but payment companies are increasingly examining their role in treasury management, international transfers, and merchant settlement. The ability to move tokenized value through blockchain networks has attracted interest from fintech companies and established financial institutions.
Future adoption will depend on regulatory clarity, reliable liquidity, integration with banking systems, and the economics of real-world payment operations. Paybis’s reported increase in settlement activity indicates growth within its analyzed market, but broader industry conclusions will require comparable information from other providers. The development reinforces the growing importance of stablecoins as a practical component of digital financial services.
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