Stablecoin Insider Report: Into B2B Stablecoins

We collaborated with Persona, Kulipa, and Stablecoin Insider to work on this report — Into B2B Stablecoins: Cross-Border Payments, KYB Compliance & Card Issuance.

The headline finding: B2B is no longer a side effect of the stablecoin payments market. It IS the market.

Of ~$390B in real stablecoin payments through February 2026, B2B represented $226B (~60%) and grew 733% year-over-year.

The research maps the emerging B2B stablecoin stack across three layers — cross-border payment rails, identity and compliance, and stablecoin-backed card issuance — with each partner contributing practitioner insight from its layer. Our contribution focuses on where orchestration infrastructure goes next: abstracting the complex backend so businesses can adopt stablecoin payments without becoming payments engineers.

Download the full report

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