Financial Institutions Embrace Stablecoins, Fireblocks Reports

Stablecoin Usage Reaches 90% Among Financial Institutions

Fireblocks’ survey with 295 executives shows that financial institutions increasingly use stablecoins. The report highlights that 49% of organizations use stablecoins for payments to modernize and avoid becoming obsolete in a digital economy.

“Banks see stablecoins as a ‘path to modernization.’” — Michael Shaulov, CEO and Co-founder, Fireblocks.

Fireblocks, a key digital asset platform, leads these findings. Notable industry players include BNY Mellon and Revolut, who are recognized clients, indicating broad adoption across financial giants.

58% of Banks Leverage Stablecoins for Payments

Stablecoins notably streamline cross-border payments, with 58% of banks employing them for such transactions, enhancing efficiency. Adoption improves liquidity and affects traditional banking models, highlighting a shift toward digital platforms.

Financial markets experience a liquidity boost as stablecoins reduce capital lock-up and optimize payment workflows. Increasing adoption reflects favorably on assets like ETH and BTC, leveraged as key settlement tools.

Transition from Regional Trials to Widespread Adoption

Historically, stablecoin trials were limited, often regional. Fireblocks’ report marks a noteworthy scale shift in institutional engagement compared to past initiatives.

Potential outcomes suggest further expansion in stablecoin usage. As confidence grows, regulatory and technical uncertainties diminish, supporting broader digital asset integration across financial markets.