90% of institutions ‘taking action’ on stablecoins: Fireblocks survey

The Fireblocks report shows that 90% of surveyed institutions are using or plan to use stablecoins, with 58% of traditional banks prioritizing them for cross-border payments. Faster settlement times are the biggest benefit noticed, while only 10% remain undecided about adoption.

Stablecoins are seen as a key strategy for banks to modernize their operations, reduce costs, and regain competitive advantage. The integration of stablecoins allows banks to meet customer demands effectively, positioning them well against fintech companies.