EY Survey: 54% of Institutions Not Using Stablecoins Plan to Start by 2026

BlockBeats News, September 17th. A survey released by consultancy firm EY on September 15th revealed that the majority of financial institutions and enterprises currently not using stablecoins plan to allocate stablecoins in the next 6 to 12 months.

The survey, which covered 350 decision-makers, showed that 54% of non-stablecoin users expect to start implementing by 2026, potentially raising the global adoption rate of stablecoins among financial institutions and enterprises 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 implementation cases. Among current adopters, USDC has a 77% usage rate, USDT at 59%, and the euro-denominated EURC is used by 45% of surveyed organizations.

Financial institutions expect stablecoins to represent 5% to 10% of the global payment value by 2030, equivalent to $21 trillion to $42 trillion according to EY-Parthenon estimates. (CryptoSlate)