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The growing number of financial institutions turns to stablecoins, with 90% either actively using or preparing to integrate into their operations.
According to a 15. May Report from Fireblockswho gathered knowledge from 295 executives across banks, fintech and processors of payments, has a significant shift in institutional attitudes to digital assets with an improved dollar.
Almost half of the respondents (49%) have already stated that they are already using stablecins to process payments, while 23% are operated by pilot programs and 18% are in the planning phase. Only 10% remain undecided.
Stablecoin adoption is a race of relevance
Fireblocks argued that the trend of stablecoin adoption is a relevance race in a still digital financial environment.
“The Stablecoin plant has become a question of stopping because the demand of customers accelerates and the cases are ripening,” the report said.
Stablecoins, linked to traditional currencies such as the US dollar, have gained traction as an alternative to outdated cross -border payment systems.
According to the report, 58% of traditional banks now use stablecoins specifically for cross -border transfers.
Another 28% accepts stablecoins for incoming payments. Smaller percentage of banks use them to manage liquidity (12%), business settlements (9%) and billing between companies (9%).
Fireblocks noted that Stablecoins offer a smoother way to modernize banks, due to their compatibility with existing state treasury operations.
By reducing capital locking and faster settlements, banks can gain benefit over financial technology companies while maintaining their existing infrastructure.
Faster settlement times appeared as the highest benefit among respondents, with 48% named it as a key advantage.
Other reported benefits include improved transparency, improved liquidity management, stricter integration of payments, better security and reduced transaction costs.
“Our research shows that 90% of companies are moving forward with Stablecoin implementations because they consider it a key lever for growth,” said Goldi, senior vice president for payments and network in Fireblock.
“Stablecoins have become an activator of business innovations, not just playing the game,” Goldi added.
Stablecoins take care of the center
With billions of daily volume and increasing institutional interest, stablecoins are considered to be the basic layer of the future financial system.
May 7, Stripe introduced Stablecoin Financial Accounts, a new financial tool designed to help businesses manage money with US stablecoins supported by a dollar.
The product allows companies in 101 countries to hold and trade in Stablecoins and offers a modern alternative to traditional banking systems.
Meanwhile, Citigroup assumed a dramatic increase in the Stablecoin market, predicting that its total market capitalization could rise from nearly $ 240 billion to more than 2 trillion dollars by 2030.
The forecast says that the growth of admission would be powered by regulatory development and increased interest of both financial institutions and from the public sector.
According to the banking giant, by the end of the decade until the end of the decade in its basic scenario, it could reach $ 1.6 trillion $ 1.6 trillion, while the optimistic view will place the number of $ 3.7 trillion.
Contribution 90% of institutions that now use or examine stablecoins find Fireblocks He appeared for the first time Cryptonews.
