Reown’s Onchain Payments Report shows on-chain payments going mainstream as stablecoin use surges with rising global demand.
Reown has released The State of Onchain Payments 2025, a new report capturing the momentum behind crypto-powered payments, led by stablecoin adoption and growing institutional involvement.
The research, conducted with YouGov and supported by data from Reown’s WalletConnect network, positions 2025 as a breakout year for the use of crypto in everyday transactions.
While 72% of crypto holders still store funds on centralised exchanges, only 10% currently use crypto for payments. Yet 14% report growing excitement around it, and over half of Gen Z and millennial users now hold at least one stablecoin—double last year’s figures.
“We’re focused on closing the gap between utility and experience,” said Reown CEO Jess Houlgrave. “By bringing exchange-native payments, compliant flows, and embedded UX into a single layer, we need to reimagine what paying with crypto actually means.”
The report also highlights that 34% of crypto users already use stablecoins for daily spending, with networks like Base and Polygon dominating for low-cost transfers. Remittance flows in Latin America and Africa are leading the charge, with some platforms dropping fees from as high as 9% to as low as 0.5%.
The US, Germany, and the UK account for more than half of all onchain payment transfers. Meanwhile, Brazil is the top corridor in South America, and Asia leads in total dollar volume. B2B cross-border payments are gaining ground, particularly in corridors between the U.S. and Latin America.
Regulatory clarity is a major catalyst. With the GENIUS Act passed in the U.S. and MiCA moving forward in Europe, the barriers to institutional adoption are falling. Reown’s findings point to 750 million users already accessing stablecoins via mainstream apps like Revolut, PayPal, and Venmo.
“The chasm has been crossed. On-chain payments are no longer a fringe phenomenon,” said Ran Goldi, SVP Payments & Network at Fireblocks. “Web2 companies, payment service providers, and financial institutions are now coming onboard in numbers to take advantage of these new rails.”
Read the full report here.
