90% of institutions ‘taking action’ on stablecoins: Fireblocks survey

A Fireblocks report shows 90% of institutions now use or plan to use stablecoins, with banks prioritizing cross-border payments and speed as key benefits.

A new report from enterprise-grade digital assets platform Fireblocks shows that 90% of institutional players are either using or exploring the use of stablecoins in their operations.

The report, published May 15, surveyed 295 executives across traditional banks, financial institutions, fintech companies and payment gateways. Nearly half of respondents (49%) said they already use stablecoins in payments, while 23% are conducting pilot tests, and another 18% are in the planning phase.’

Only 10% of institutions surveyed said they are undecided about stablecoin adoption.

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