A survey of company executives and decision makers conducted by Coinbase shows that 60% of Fortune 500 companies have implemented blockchain initiatives.
Coinbase also said that about 80% of institutional buyers plan to put money in and increase their crypto exposure this year.
StableCoin usage has increased with a 54% growth in supply year over year.
A survey conducted by Coinbase revealed that 60% of Fortune 500 companies have implemented blockchain initiatives. The cryptocurrency exchange conducted a survey of company executives and decision makers at small and medium-sized businesses in the United States to gauge trends in cryptocurrency adoption.
Based on a January EY and Parthenon survey , nearly 20% of Fortune 500 executives now see on-chain projects as an important part of their long-term plan. Coinbase also said that about 80% of institutional buyers plan to put more money in and increase their crypto exposure this year.
Additionally, the study found that 46% of small and medium-sized businesses that aren’t already using crypto plan to start in the next three years. 82% of these businesses believed that this technology could help them with some of their financial pain points.
SMEs are testing payment tools like StableCoins
The study states that small and medium-sized businesses (SMBs) are increasingly testing payment instruments such as Stablecoins. Stablecoin usage is exploding with a 54% growth in supply year over year.
Meanwhile, the stablecoin sector has officially leaped past the $250 billion milestone, according to data from defi Llama.com. Over the past week, another $2.51 billion has poured into the bloated ecosystem of toll-backed digital tokens. Tether (USDT) remains the heavyweight, commanding a dominant 62.05% share.
USDT currently leads the top ten stablecoins by market cap, boasting a valuation of $155.408 billion. Circle’s USDC follows at $60.631 billion. Ethena’s USDE takes third with $5.897 billion, showing an upward trend. Sky’s Dai is in fourth place with $4.354 billion, which has narrowed Sky’s USD to $4.05 billion.
Blackrock’s Buidl holds a sixth place at $2.892 billion, followed by World Liberty Financial’s USD1 at $2.177 billion. Ethena’s second entry, USDTB, is eighth with $1.455 billion. First Digital’s FDUSD is in ninth place at $1.301 billion, and PayPal’s Pyusd rounds out the top ten after recently surpassing $1.004 billion.
Additionally, a French bank, Societe Generale, launched the Coinvertible StableCoin (USDCV) . It was issued on Ethereum and Solana with the Bank of New York Mellon Corporation (BNY Mellon) as custodian.
This trend points to a closer connection between digital assets and traditional financial markets (tradfi). This means that stablecoins could soon be an important part of the world's financial system.
500 executives call for clearer regulations.
Even with Crypto’s popularity, clearer rules are needed for Crypto to reach its full potential. 90% of F500 executives surveyed said clear crypto regulations are needed to encourage innovation in the US.
“It is clear that greater regulatory certainty is still needed for cryptocurrency’s potential to be fully realized. That is why the passage of stablecoin market structure and legislation is so critical to the future of crypto innovation in America,” Coinbase wrote.
The report comes as Donald Trump,dent PRE-CRYPTO, sets a new tone for regulatory engagement, with agencies encouraged to work more closely with the industry.
The SEC’s Crypto Task Force, led by Commissioner Hester Peirce, online for the first time, has held 5 roundtables to date to discuss cryptocurrency regulation, custody, tokenization, and the status of tokens as securities.
Additionally, pro-Crypto SEC Chairman Paul Atkins has pushed for fairer crypto laws that have pushed the market to a new level.
In yesterday’s roundtable, Atkins said , “I am in favor of allowing more flexibility for participants in self-custodial cryptocurrencies, particularly where the intermediation imposes unnecessary transaction costs or limits the ability to engage in spikes and other on-chain activity.”
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