90% of Institutions Taking Action on Stablecoins, Fireblocks Survey Finds

A growing majority of financial institutions are embracing stablecoins, with 90% either currently using them or actively planning implementation, according to a recent survey by Fireblocks. The findings underscore a shift in how traditional banks and fintech firms view digital assets — from cost-saving tools to strategic enablers of business innovation.

Current stablecoin adoption among institutional respondents. Source: Fireblocks

The report highlights that cross-border payments have become a key focus for banks exploring stablecoin use. With legacy international payment systems often plagued by delays, high fees, and inefficiencies, stablecoins offer a faster and more cost-effective alternative, especially in business-to-business (B2B) transactions across emerging markets.

According to the data:

• 58% of traditional banks use stablecoins specifically for cross-border payments

• 28% accept payments in stablecoins

• 12% apply them for liquidity optimization

• 9% use them in merchant settlements

• 9% employ them in B2B invoicing

Fireblocks stated that stablecoins are seen as a “path to modernization” for banks, with their fiat peg making them easier to integrate into existing treasury operations. Additionally, stablecoins provide a way for banks to reclaim market share from fintech competitors and reduce the need for capital lock-up in traditional systems.

Stablecoin use case for traditional banks. Source: Fireblocks

Among the top cited benefits, faster settlement was the most prominent, mentioned by 48% of respondents. Other advantages included:

• Greater transparency

• Improved liquidity management

• Integrated payment workflows

• Enhanced security

• Lower transaction costs

Ran Goldi, senior vice president of payments and network at Fireblocks, emphasized that stablecoin adoption is no longer just about efficiency. “Our research shows that 90% of firms are moving forward with stablecoin implementations because they see it as a key lever for growth,” he said.

Top cited benefits of stablecoin use. Source: Fireblocks

Goldi noted that institutions are increasingly motivated by opportunities to expand into new markets, meet growing customer demand, and unlock new revenue streams. He concluded, “Stablecoins have become an enabler of business innovation, not just an efficiency play.”

The survey findings reflect the accelerating integration of digital assets into traditional financial infrastructure, driven by real-world utility and market competitiveness.