WHERE B2B STABLECOIN PAYMENTS ACTUALLY FLOW

Summary from the TLDR Crypto newsletter

Real-economy stablecoin payments were only about $390B in 2025, and B2B accounts for ~$226B of that, dominated by USDT and driven by small and mid-sized importers, not crypto-native firms. Asia is the current volume center, LATAM shows strong institutional B2B rails despite a declining US-Mexico remittance corridor, Africa is the least-served and highest-margin region due to thin payout coverage, and MiCA rules make EU-touching corridors route around USDT. Infrastructure is consolidating fast into incumbents, leaving genuine white space only in Africa payouts, intra-LATAM, Turkey/CEE, and mid-market Asia sourcing: corridors with the widest cost gap and the thinnest coverage.