Report: 90% of institutional participants use or explore stablecoins in their operations.

A report from the enterprise-level digital asset platform Fireblocks shows that 90% of institutional participants are using or exploring the use of stablecoins in their operations. The report was released on May 15 and surveyed 295 executives from traditional banks, Financial Institutions, fintech companies, and payment gateways. Nearly half (49%) of the respondents indicated that they have already used stablecoins in payments, 23% are conducting pilot tests, and another 18% are in the planning stage.

Only 10% of the surveyed Financial Institutions indicated that they have not yet decided whether to adopt stablecoin.

Fireblocks stated: "As customer demand accelerates and use cases mature, the stablecoin race has become a question of avoiding obsolescence."

Financial Institution respondents currently on the adoption of stablecoin. Source: Fireblocks

Traditional banks prioritize the use of stablecoins for cross-border payments

Due to the high costs, delays, and other inefficiencies of traditional cross-border systems, stablecoins have become a strategic solution for emerging market business-to-business (B2B) environments.

The report found that financial institutions, especially traditional banks, list cross-border payments as a top priority for using stablecoins. Banks use stablecoins to gain a competitive advantage, reduce friction, and meet customer expectations.

The report found that 58% of traditional banks use stablecoins for cross-border payments, 28% use stablecoins for collections, 12% use stablecoins to optimize liquidity, and 9% use them for merchant settlements. Another 9% of banks use them for B2B invoicing.

Fireblocks stated that banks view stablecoins as the "path to modernization." The company mentioned that since these assets are pegged to fiat currencies, they are easier to integrate into existing financial workflows. In addition, stablecoins can provide leverage, helping banks regain market share from fintech companies and reduce capital lockup.

Use cases of stablecoins in traditional banking. Source: Fireblock

Transaction speed is considered the greatest advantage of using stablecoins

The survey results show that banks are using stablecoins to regain cross-border transaction volume while maintaining existing infrastructure. Fintech companies and payment gateways are leveraging digital assets to generate profits and revenue.

The main advantages of stablecoins. Source: Fireblocks

Among the benefits mentioned by the respondents in the survey, faster settlement speed was the most common, with 48% of respondents citing this point.

Other benefits include higher transparency, better liquidity management, integrated payment processes, enhanced security, and lower transaction costs.

Ran Goldi, Senior Vice President of Payments and Networks at Fireblocks, stated that the adoption of stablecoins is no longer just focused on cost savings; it is now seen as a strategic growth driver.

Goldi said: "Our research shows that 90% of companies are advancing the implementation of stablecoins because they believe it is a key leverage for growth."

The executive pointed out that the main motivating factors include expanding into new markets, responding to direct customer needs, and discovering new revenue opportunities. "Stablecoins have become a driving force for business innovation, not just for improving efficiency," he added.