{"id":129394,"date":"2025-05-16T12:21:08","date_gmt":"2025-05-16T12:21:08","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129394"},"modified":"2025-05-16T12:21:08","modified_gmt":"2025-05-16T12:21:08","slug":"90-of-institutions-taking-action-on-stablecoins-fireblocks-survey","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129394","title":{"rendered":"90% of institutions \u2018taking action\u2019 on stablecoins: Fireblocks survey"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsUpdate May 16, 11:24 am UTC: This article has been updated to add comments from Ran Goldi, senior vice president of payments and network at Fireblocks.<br \/>\nA report from enterprise-grade digital assets platform Fireblocks shows that 90% of institutional players are using or exploring the use of stablecoins in their operations.<br \/>\nThe report, published May 15, surveyed 295 executives across traditional banks, financial institutions, fintech companies and payment gateways. Almost half of the respondents (49%) said they already use stablecoins in payments, while 23% are conducting pilot tests and another 18% are in the planning stage.<br \/>\nOnly 10% of institutions surveyed said they were undecided about stablecoin adoption.<br \/>\n\u201cThe stablecoin race has become a matter of avoiding obsolescence as customer demand accelerates and use cases mature,\u201d Fireblocks wrote.<br \/>\nCurrent stablecoin adoption among institutional respondents. Source: FireblocksTraditional banks prioritize cross-border payments for stablecoin use<br \/>\nAs traditional cross-border systems are hampered by higher costs, delays and other inefficiencies, stablecoins have emerged as a strategic solution in emerging markets\u2019 business-to-business (B2B) settings.\u00a0<br \/>\nThe report found that financial institutions, particularly traditional banks, cited cross-border payments as a top priority for using stablecoins. Banks use stablecoins for a competitive advantage, to reduce friction and meet customer expectations.\u00a0<br \/>\nThe report found that 58% of traditional banks use stablecoins for cross-border payments, while 28% use the assets to accept payments. Twelve percent of banks use stablecoins to optimize their liquidity, while 9% use them in merchant settlements. Another 9% use them in B2B invoicing.\u00a0<br \/>\nFireblocks said banks see stablecoins as a \u201cpath to modernization.\u201d It said that since the assets are fiat-pegged, it\u2019s easier to integrate them into existing treasury workflows. In addition, stablecoins offer a lever to reclaim market share from financial technology companies and reduce capital lock-up.<br \/>\nStablecoin use case for traditional banks. Source: FireblocksRelated: Stablecoin bill passes in Northern Marianas as House overrides veto<br \/>\nSpeed is cited as the top benefit for stablecoin use<br \/>\nThe survey results showed that banks use stablecoins to regain cross-border volume while maintaining existing infrastructure. Financial technology firms and payment gateways use digital assets to gain margin and revenue.\u00a0<br \/>\nTop cited benefits of stablecoin use. Source: FireblocksAmong the benefits cited by survey respondents, faster settlement was most prevalent, mentioned by 48% of participants.<br \/>\nOther benefits included greater transparency, better liquidity management, integrated payment flows, enhanced security\u00a0and lower transaction costs.<br \/>\nStablecoin adoption has evolved beyond a focus on cost savings and is now viewed as a strategic growth driver, according to Ran Goldi, senior vice president of payments and network at Fireblocks.<br \/>\n\u201cOur research shows that 90% of firms are moving forward with stablecoin implementations because they see it as a key lever for growth,\u201d Goldi told Cointelegraph.\u00a0<br \/>\nThe executive noted that the top motivators include expanding into new markets, responding to direct customer demand, and unlocking new revenue opportunities. \u201cStablecoins have become an enabler of business innovation, not just an efficiency play,\u201d he added.<br \/>\nMagazine: Danger signs for Bitcoin as retail abandons it to institutions: Sky Wee<a href=\"https:\/\/cointelegraph.com\/news\/traditional-banks-stablecoins-cross-border-fireblocks?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsUpdate May 16, 11:24 am UTC: This article has been updated to add comments from Ran Goldi, senior vice president of payments and network at Fireblocks. A report&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129394"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129394"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129394\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129394"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}