Ethereum’s stablecoin activity is increasingly driven by businesses rather than individuals, signaling a shift toward real-world payments. While peer-to-peer transfers still account for most transactions by number, the majority of on-chain value now flows through business-related wallets.

According to Artemis data, business-to-business stablecoin payments on Ethereum grew 156% over the past year, with larger average transaction sizes, indicating rising institutional usage. Person-to-business payments expanded even faster, up 167%, highlighting growing consumer adoption for everyday spending.

These trends suggest Ethereum is maturing into a settlement layer for corporate payments and commerce, with stablecoin usage emerging as a key long-term demand driver beyond price speculation.