Fireblocks' new report indicates that stablecoins are moving from experimental projects to core components of global payment systems.
Current State of Stablecoins
The report reveals that stablecoin transactions on Fireblocks' network now reach $40 billion per quarter. Insights are based on a survey of 295 executives from banks, fintech firms, and crypto companies, with 90% of respondents confirming active stablecoin initiatives.
Benefits of Using Stablecoins
While early adoption focused on cost savings, recent data shows the shift to revenue generation, liquidity control, and market expansion. Faster settlements and improved liquidity now rank higher than cost savings as key advantages.
Regional Nuances and Expert Opinions
According to the report, Latin America leads in active cross-border stablecoin transactions, while Asia focuses on B2B scalability and liquidity. Amid these changes, experts underscore that security and regulatory clarity are crucial for stablecoin adoption. 'Boards at major payment enterprises now see stablecoins as a strategic imperative,' stated Vasant Prabhu, former Visa Vice Chairman.
Stablecoins are becoming strategically important for companies, emphasizing their potential in the global economy.
