B2B is 79% of retail cross-border payment flow on fiat rails, and has the lowest stablecoin share of the four use cases. Consumer-to-consumer and business-to-consumer both move close to 1% of their own cross-border volume, and FXC expects both to pass 1% in 2026 if current rates hold. B2B moves 0.19% of its $35tn. FXC Intelligence research, with onchain data from Allium, sizes the stablecoin share of the retail cross-border market for full-year 2025, segment by segment. The split is consistent with adoption landing first where fiat friction, cash-out costs and receive-side FX volatility bite hardest: consumer-involved flows run 0.59% to 0.95%, against B2B's 0.19%. Figures are estimates. Informational only, not investment advice. Full report:

B2B is a sticker business model compared to a B2C model. @AlexLWitt, General Partner at @VerdaVentures, shares why > A consumer with money at two apps can move it to whichever one pays more, and there is very little friction in doing that > A business cannot move that fast > Because the product is integrated into the company's accounting workflow > The employees like using the product and the customers are familiar with it "So it's actually more sticky, and in our view, a more durable business in many ways than a purely consumer focused business."

B2B2B is the managed agent model no one is talking about yet you deploy a Hermes agent for an insurance company. it handles their internal ops. but then you build it so their policyholders can interact with the same agent directly for claims, questions, whatever. now the agent is touching their revenue. their customers depend on it. that's a $5k/mo retainer they'll never cancel.

B2B fintech infrastructure outside of US is nowhere near as built out, hence people are resorting to company's offering stablecoin programs. @cnaut, in conversation with co-host @sytaylor and @cuysheffield alongside Luke Tuttle (@MoneyGram) and Darko Hajdukovic (@LSEplc), said: That gap is being filled by digitally native expense management platforms built on stablecoins, and it gives companies like Ramp itself a reason to build the same rails and go global. 🎙️ Listen to the latest episode on Tokenizedpod(dot)com