Report: Over 90% of financial institutions are布局 stablecoins, banks focus on accelerating cross-border payments and settlements
ChainCatcher news, according to a report by Cointelegraph, the survey report released by the digital asset platform Fireblocks on May 15 shows that among 295 traditional banks, financial institutions, and payment gateways, 90% of the institutions have either actually applied or plan to deploy stablecoins, with only 10% taking a wait-and-see attitude. Among them, 49% of respondents have used it for payment scenarios, 23% are in the pilot stage, and 18% are in the planning phase.Traditional banks view stablecoins as strategic tools for cross-border payments, with 58% of banks using them for cross-border remittances and 28% for receiving payments. Additionally, 12% of banks use them for liquidity management, and 9% for merchant settlements and B2B invoice processing. The report points out that stablecoins, with their characteristics linked to fiat currencies, can be seamlessly integrated into existing fund management systems, helping banks reduce capital lock-up risks and fend off competition from fintech companies.In terms of application advantages, 48% of institutions list "improved settlement speed" as the primary benefit, followed by enhanced transparency (37%), optimized liquidity management (29%), integrated payment processes (25%), and improved security (18%). Only 12% of institutions believe that "reduced transaction costs" is the main driving force.Fireblocks emphasizes that stablecoins are becoming a key pathway for the modernization transformation of the traditional financial system. As customer demand grows and use cases mature, institutions need to accelerate their layout to avoid technological obsolescence, especially in the field of cross-border payments by rebuilding efficiency barriers through stablecoins.