Fireblocks: Institutional Trust in Stablecoins Reaches New High, 86% of Institutions Capable of Stablecoin Integration
According to a report by Cryptoslate, as reported by Jinse Finance, Fireblocks' report shows that institutional adoption of stablecoins has reached an all-time high. The report indicates that 86% of surveyed institutions have partnerships and systems in place to support stablecoin integration. Currently, 49% of institutions are actively using stablecoin payments, 23% are conducting pilots, and 18% are preparing for implementation. Compared to 2023, adoption barriers have significantly decreased: compliance concerns have dropped from 74% to 18%, and regulatory uncertainty has decreased from 85% to 25%. Cross-border transactions have become a major demand, with 58% of traditional banks viewing cross-border payments as the primary use case for stablecoins.
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