Unanimously. Stablecoins have become an essential part of the crypto ecosystem, providing a stability of value (being backed and/or pegged to fiat currencies) that other cryptocurrencies lack. But they are not only used by individuals; far from it. According to a new report from Fireblocks, an overwhelming majority of financial institutions have also adopted these stable tokens.
Stablecoins are already used by 49% of financial institutions
In its report titled 'The State of Stablecoins in Financial Services', Fireblocks reveals that 90% of the financial institutions surveyed use or plan to use stablecoins in their operations.
Among the 295 executives surveyed, from traditional banks, financial institutions, fintechs, and payment gateways, nearly half (49%) stated they already use stablecoins for payments. Others are in testing (23%) or planning (18%) phases, while only 10% remain undecided about their adoption.
The race for stablecoins has become essential in order to avoid obsolescence, especially as customer demand accelerates and use cases mature.
The report highlights that cross-border payments are the main priority for the use of stablecoins. Indeed, 58% of traditional banks use them for these international transactions, compared to 28% for accepting payments.
Cross-border payments facilitated by these stable cryptos
The cited advantages also include faster settlements (48%), greater transparency, better liquidity management, integrated payment flows, enhanced security, and reduced transaction costs.
For banks, stablecoins represent a pathway to modernization. They help reduce frictions and meet customer expectations while providing a lever to regain market share against fintech companies.
Their adoption now goes beyond simple cost reduction. It is even seen as a strategic driver of growth, opening new revenue opportunities and enabling expansion into new markets.
With 90% of institutions taking steps to integrate stablecoins, it is clear that these digital assets play a key role in transforming the financial sector. And the United States under Donald Trump understood this well by preparing a regulatory framework for these cryptocurrencies like no others.