90% of institutions ‘taking action’ on stablecoins: Fireblocks survey
A report from Fireblocks reveals that 90% of institutional players are using or exploring stablecoins. The survey of 295 executives found that 49% currently use stablecoins for payments, 23% are testing them, and 18% are planning to adopt them. Only 10% remain undecided. Traditional banks prioritize stablecoins for cross-border payments, with 58% using them for this purpose. Other uses include accepting payments (28%), optimizing liquidity (12%), and B2B invoicing (9%). The report highlights speed as the primary benefit of stablecoin use, with 48% of respondents citing faster settlement times. Additional benefits include improved transparency, liquidity management, integrated payment flows, and enhanced security. Stablecoins are viewed as a means for banks to modernize and reclaim market share from fintech companies.
