Survey Predicts Increased Stablecoin Adoption Among Financial Institutions

According to BlockBeats, a survey conducted by consulting firm EY-Parthenon reveals that a majority of financial institutions and businesses not currently using stablecoins plan to adopt them within the next 6 to 12 months. The survey, which included 350 decision-makers, indicates that 54% of non-users expect to implement stablecoins by 2026, potentially increasing the global adoption rate from the current 13%.Among current users, 41% reported saving over 10% in costs compared to traditional payment methods. Cross-border supplier payments are the most common use case, accounting for 62% of implementations. USDC is the most widely used stablecoin among adopters, with a 77% usage rate, followed by USDT at 59%.Financial institutions anticipate that by 2030, stablecoins will represent 5% to 10% of global payment value, which EY-Parthenon estimates to be between $2.1 trillion and $4.2 trillion.