According to a report released by Fireblocks on May 15th, 90% of institutional investors are already using stablecoins or actively considering their adoption. The report was conducted among 295 executives from various sectors including traditional banks, financial institutions, fintech companies, and payment gateways.
Approximately half of the respondents, 49%, reported using stablecoins for payment settlements, while 23% are in the pilot operation stage. Another 18% are in the preliminary review stage for stablecoin utilization. In contrast, only 10% of institutions have not yet determined a clear stance on stablecoin adoption.
Fireblocks stated in the report that "Stablecoins are no longer an experiment but a essential element for maintaining competitiveness," and "As customer demand rapidly increases and various use cases mature, not adopting them could lead to being left behind."
The institutional interest in stablecoins is driven by several practical factors, including real-time settlement, international remittance efficiency, and the potential for decentralized payment systems. For instance, stablecoins are highlighted as being able to partially resolve payment speed and exchange cost issues that are difficult to address through existing financial infrastructure.
The industry anticipates that this trend will influence discussions on Central Bank Digital Currencies (CBDC) beyond private stablecoins. Particularly, with the strengthened 'decentralization support' policy since the Trump presidency, there are predictions that regulations on private stablecoins might become more flexible.
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