According to TechFlow, Cryptoslate reported on May 16 that the Fireblocks report showed that institutional adoption of stablecoins has reached an all-time high. 86% of the surveyed institutions already have partnerships and systems to support stablecoin integration.
Currently, 49% of institutions are actively using stablecoin payments, 23% are conducting pilots, and 18% are preparing to implement them. Compared with 2023, compliance concerns have dropped from 74% to 18%, and regulatory uncertainty has dropped from 85% to 25%.
Cross-border transactions have become the main demand, with 58% of traditional banks considering it as the primary use case for stablecoins. Other use cases include payment acceptance (28%), financial optimization (12%), merchant settlement (9%) and B2B invoicing (9%).