TechFlow news, May 16 — According to a Cryptoslate report, a Fireblocks report shows institutional adoption of stablecoins has reached an all-time high. The report states that 86% of surveyed institutions indicated they already have partnerships and systems in place to support stablecoin integration. Currently, 49% of institutions are actively using stablecoins for payments, 23% are running pilots, and 18% are preparing for implementation.
Compared to 2023, adoption barriers have significantly decreased: compliance concerns dropped from 74% to 18%, and regulatory uncertainty fell from 85% to 25%. Cross-border transactions have become the primary demand, with 58% of traditional banks viewing cross-border payments as the top use case for stablecoins. Other key use cases include payment settlement (28%), financial optimization (12%), merchant settlements (9%), and B2B invoicing (9%).
