Fireblocks' recent report highlights the growing adoption of stablecoins by global financial institutions for cross-border payments and operational efficiency. Based on a survey of 295 organizations, nearly half are already using stablecoins, with 41% in testing or planning stages. The report indicates a significant transition of stablecoins from niche to central roles in finance. Instant settlement speed is the primary advantage, valued by 48% of executives, particularly for B2B payments in Latin America. The report emphasizes that stablecoins are vital for market expansion and customer demand fulfillment. In Asia, market growth is a key driver, while North America views regulation as an opportunity. Europe's MiCA framework enhances clarity, reducing compliance concerns. With 86% of organizations confident in the necessary infrastructure, security remains a priority for wider adoption. The stablecoin market is projected to exceed $2 trillion in three years, with USDC expected to grow significantly, reflecting the increasing demand for efficient payment solutions. Read more AI-generated news on: https://app.chaingpt.org/news

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