Stablecoin Adoption Grows Among Institutional Players, Report Reveals

By: binance|2025/05/16 19:30:09
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According to Cointelegraph, a recent report by Fireblocks, a digital assets platform, indicates that 90% of institutional entities are either utilizing or considering the use of stablecoins in their operations. The report, released on May 15, surveyed 295 executives from traditional banks, financial institutions, fintech companies, and payment gateways. It revealed that nearly half of the respondents, 49%, are already employing stablecoins for payments, while 23% are conducting pilot tests, and another 18% are in the planning stages. Only 10% of the institutions surveyed remain undecided about adopting stablecoins.The report highlights that the adoption of stablecoins has become crucial for institutions to avoid obsolescence as customer demand increases and use cases evolve. Traditional banks, in particular, are prioritizing cross-border payments as a primary use case for stablecoins. These digital assets offer a strategic solution to the inefficiencies of traditional cross-border systems, which are often plagued by high costs and delays. The report found that 58% of traditional banks are using stablecoins for cross-border payments, while 28% use them to accept payments. Additionally, 12% of banks employ stablecoins to optimize liquidity, and 9% use them for merchant settlement and B2B invoicing.Fireblocks noted that banks view stablecoins as a path to modernization, as their fiat-pegged nature allows for easier integration into existing treasury workflows. This integration helps banks reclaim market share from fintech companies and reduce capital lock-up. The survey also revealed that speed is the most significant benefit of stablecoin use, with 48% of respondents citing faster settlement as a key advantage. Other benefits include greater transparency, improved liquidity management, integrated payment flows, and enhanced security. Meanwhile, lower transaction costs were the least cited benefit among participants. As the financial landscape continues to evolve, stablecoins are becoming an essential tool for institutions seeking to maintain competitiveness and meet customer expectations.

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