PANews
PANews|Nov 17, 2025 09:11
[The number of merchants using Binance Pay surpasses 20 million, growing over 1,700 times in ten months] Binance disclosed on its official blog that at the beginning of 2025, Binance Pay had only about 12,000 merchants integrated, but now over 20 million businesses accept its payment services. This means the scale of Binance Pay's network has grown over 1,700 times in ten months. This remarkable growth trend is primarily attributed to the widespread adoption of stablecoins. This year, more than 98% of its B2C transactions utilized stablecoins such as USDT, USDC, EURI, FDUSD, and the variety of stablecoins in this basket continues to expand. Additionally, since its launch in 2021, Binance Pay has processed cumulative transaction volumes exceeding $250 billion, with its user base now surpassing 45 million.
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