Stablecoin Adoption Grows Among Institutional Players, Report Reveals

According to Cointelegraph, a recent report by Fireblocks, a digital assets platform, indicates that 90% of institutional entities are either utilizing or considering the use of stablecoins in their operations. The report, released on May 15, surveyed 295 executives from traditional banks, financial institutions, fintech companies, and payment gateways. It revealed that nearly half of the respondents, 49%, are already employing stablecoins for payments, while 23% are conducting pilot tests, and another 18% are in the planning stages. Only 10% of the institutions surveyed remain undecided about adopting stablecoins source: https://www.binance.com/en/square/post/24321444907634?utm_source=BinanceNewsRSS