By NoriFtm | Binance Square Write to Earn
A newly published report by Fireblocks has revealed a significant shift in how traditional financial institutions are approaching digital assets. According to the data, 90% of surveyed institutional players are either actively using or seriously considering integrating stablecoins into their operations.
The study, conducted across 295 executives representing banks, fintech firms, payment processors, and other financial entities, outlines how stablecoins are no longer just a niche concept. Nearly half (49%) of respondents are already using stablecoins for payments, while 23% are currently testing them in pilot programs. An additional 18% are in the planning phase, leaving only 10% of institutions undecided.
One of the clearest trends in the report is the role of stablecoins in cross-border payments. Traditional banks, often burdened by slow and costly international transfer systems, are leveraging stablecoins to offer faster and more efficient alternatives. Specifically, 58% of banks reported using stablecoins for cross-border transactions, 28% for accepting payments, 12% to enhance liquidity, and 9% for business settlements and B2B invoicing.
Fireblocks emphasizes that for many banks, stablecoins represent a step toward modernization. Their fiat-pegged nature makes them more compatible with existing systems, helping institutions reduce capital lock-up and improve operational efficiency. This also allows banks to better compete with agile fintech firms by streamlining treasury workflows and reclaiming lost market share.
Speed emerged as the leading benefit of stablecoin adoption, with 48% of respondents citing faster settlement times as the primary advantage. Other benefits included improved transparency, stronger liquidity management, and enhanced security. Interestingly, lower transaction costs were seen as the least significant factor among those surveyed.
As demand for more seamless and transparent financial services grows, stablecoins are becoming an indispensable part of the institutional toolkit. The message is clear: those who delay adoption risk falling behind in an industry that's rapidly evolving.
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