A growing wave of financial institutions is turning to stablecoins, not just for cost-cutting—but as a cornerstone of future growth.
According to new data from digital asset firm Fireblocks, 90% of surveyed financial entities are either using or actively preparing to deploy stablecoins within their operations.
The findings, based on a survey of nearly 300 executives from traditional banks, fintechs, and payment platforms, suggest that the digital finance landscape is shifting from experimentation to execution.
Nearly half of respondents said they’re already using stablecoins for payments, while others are piloting or planning implementation. Only a small minority—just 10%—remain on the sidelines.
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Legacy payment rails are falling short in the globalized economy, and traditional banks appear to be taking stablecoins seriously as an upgrade. The report highlights that 58% of banks are leveraging these digital assets for cross-border transfers, with others using them for payment acceptance, liquidity optimization, and merchant settlements.
Because stablecoins are pegged to fiat currencies, banks see them as easy to slot into existing treasury infrastructure without overhauling backend systems. Fireblocks described them as a “path to modernization” and a potential tool for regaining ground lost to agile fintech rivals.
Alexander Stefanov
