Stablecoins are gaining momentum in global finance, with financial institutions and corporations increasingly exploring adoption, according to a new survey from EY-Parthenon.
The report finds that stablecoins are currently used by 13% of financial institutions and corporations globally. Meanwhile, more than half of non-users expect to adopt them within the next 6 to 12 months.
Moreover, EY-Parthenon estimates that by 2030, 5% to 10% of cross-border payments will be made using stablecoins, representing between $2.1 trillion and $4.2 trillion.
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