WTO: Stablecoins Account for Only 3% of Global Payments Due to Regulatory Fragmentation

Juan Marchetti, Director of the Trade in Services and Investment Division at the WTO, stated that the primary barrier to stablecoin adoption in international trade is the lack of a unified regulatory framework, rather than technology. According to an FSB report from October 2025, only 11 out of 28 surveyed jurisdictions have established stablecoin regulations. While stablecoin cross-border payments grew 35-fold between 2020 and mid-2024, they still represent only 3% of global international payments.