• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Institutional Crypto Adoption: Stablecoins Becoming Standard for Business Payments

Institutional Crypto Adoption: Stablecoins Becoming Standard for Business Payments

user avatar

by Giorgi Kostiuk

a month ago


A recent report from Fireblocks confirms that institutional crypto adoption is accelerating: nearly half of the world's largest companies are using stablecoins for payments.

Statistics on Stablecoin Adoption in Big Business

According to the Fireblocks report dated May 22, 49% of global institutions are already utilizing stablecoins for payments. An additional 41% are either piloting or planning their stablecoin integration strategies. Thus, 90% of surveyed organizations are either actively using or preparing to use stablecoins for transactions.

Benefits of Stablecoins for Payments

The advantages of using stablecoins for business payments include:

* **Speed and Efficiency:** Transactions using stablecoins typically occur much faster than traditional bank transfers. * **Reduced Costs:** Transaction fees for stablecoins are often significantly lower than those of traditional banks. * **24/7 Availability:** Blockchain networks operate around the clock, allowing payments to be made at any time. * **Transparency and Traceability:** Transactions are recorded on public or permissioned ledgers, aiding in their verification. * **Programmability:** The ability to integrate with smart contracts. * **Access to New Markets:** Simplifies payments in areas with limited banking infrastructure.

Regulatory Factors Driving Adoption

The report also highlights that 88% of North American firms expressed a positive outlook on stablecoin regulations. This high level of confidence in the regulatory environment is a significant driver for institutional adoption. Clear regulations reduce perceived risks and encourage further exploration of digital asset strategies within large organizations.

Data from the Fireblocks report shows that institutional crypto adoption is rapidly transforming the landscape of global payments. With growing trust in stablecoins and their benefits such as speed and reduced costs, the future of payments is increasingly becoming digital.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Solana Updates: Notable Breakout and DeFi Growth

chest

Solana shows bullish trends reaching $185, while DeFi on the platform grows to $10 billion. Analyzing the situation.

user avatarGiorgi Kostiuk

Galaxy Digital Sells 80,000 Bitcoins for Satoshi-Era Investor

chest

Galaxy Digital conducted a sale of over 80,000 bitcoins worth more than $9 billion with minimal market impact.

user avatarGiorgi Kostiuk

Hedera and Robinhood Listing: New Opportunities for HBAR

chest

Hedera's listing on Robinhood opens new possibilities for HBAR. Learn how this could affect the token's price and accessibility.

user avatarGiorgi Kostiuk

Why XRP is Rising After Jim Cramer's Negative Forecast

chest

The cryptocurrency market reacts to Jim Cramer's criticism. XRP surged from $0.38 to $3.14 despite his skepticism.

user avatarGiorgi Kostiuk

Pulte Calls for Powell's Resignation for Economic Improvement

chest

FHFA Director Bill Pulte expressed hope for Fed Chair Jerome Powell's resignation, which may impact financial markets.

user avatarGiorgi Kostiuk

Pump Token Experiences 66% Loss After ICO Launch

chest

Pump token has plummeted 66% after a successful ICO. Investors are questioning its future amid the rise of VeChain and Unilabs Finance.

user avatarGiorgi Kostiuk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.