Activity on Ethereum, a popular blockchain platform (learn more), is shifting. Data now reveals that businesses are using stablecoins to move a lot more money than regular individuals. This means Ethereum isn’t only being used for small personal transactions between people. It’s becoming an important tool for companies to make payments and for consumers to spend on goods and services.
Although most stablecoin transactions by number are still happening between individuals, the larger share of money is now flowing through wallets connected to businesses. This shows that blockchain-based payments are being used more in the real world.
Institutions and Business Payments Are Growing
The findings come from a report by Artemis, a research group. Their report looked into stablecoin payments happening on Ethereum between August 2024 and August 2025. Ethereum hosts nearly half of the world’s stablecoins, which are cryptocurrencies designed to maintain a stable value (learn more). Researchers divided the payment activities into two groups: payments between individuals, and payments involving businesses.
The report highlights a clear difference between these groups. More than two-thirds (67%) of transactions were person-to-person (P2P) payments (learn more). However, these only accounted for 24% of the total payment value. On the other hand, payments involving businesses made up a smaller number of transactions but the majority of the money moved.
In the past year, business-to-business (B2B) payments (learn more) saw their value increase by 156%, while the average payment size grew by 45%. This shows businesses are transferring bigger amounts. Person-to-business (P2B) payments grew even more quickly. These payments increased by 167% in value, making it the fastest-growing category.
James, who works at the Ethereum Foundation (learn more), shared these findings on social media. He said, “institutions aren’t sending more payments. They’re sending bigger ones.” This means businesses are not making a lot more payments; instead, the payments are larger in size.
What This Means for Ethereum
This new trend is happening as Ethereum’s native cryptocurrency, Ether (ETH), is trading just below the $3,000 mark. Over the past 30 days, its value has risen by 5.5%, though it is still far from its high of almost $5,000 in August. Analysts believe this growing use of stablecoins for payments rather than just speculation on price will help Ethereum in the long run.
Looking at the bigger picture, Artemis’s “Stablecoin Wrapped 2025” report shared additional insights about stablecoin use on Ethereum. It noted that USDT (learn more), one of the most widely used stablecoins, added more supply this year than the next five issuers combined. This shows that the demand for stablecoins is strong.
On-chain business payments have also grown rapidly, with yearly transactions now running at nearly $77 billion. This is a sign that companies are increasingly relying on blockchain and Ethereum for big payments. But there is one concern – about 84% of stablecoin activity comes from the top 1,000 wallets. This means a few big players control most of the stablecoin transactions, raising questions about how “decentralized” Ethereum usage really is, even though adoption is increasing.
The Future of Ethereum
These findings suggest Ethereum’s economy is growing up. Instead of being used mostly for individuals transferring small amounts of money, the network is becoming an important tool for businesses to make payments and for everyday commerce. If this trend continues, experts predict Ethereum could depend less on hype and speculation, and more on its role as essential infrastructure for the digital economy.
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