According to the latest survey by Cybrid, 42% of surveyed businesses already use stablecoins for cross-border payments, 88% indicate they are likely or very likely to adopt stablecoins within the next 12 months, and only 2% plan to continue relying entirely on traditional payment systems.
The report shows that companies using stablecoins reduce their cross-border payment costs by an average of 35%, with companies processing over $100 million in monthly payments achieving an average reduction of 47%.
Payroll and contractor payments are the primary current use cases, followed by supplier payments, customer payments, investment and yield management, and fund management.
Additionally, 71% of respondents identified a clear regulatory framework as the primary factor driving further adoption of stablecoins, surpassing factors such as the credibility of infrastructure providers and system integration.
The survey was conducted between April and May of this year and covered 468 corporate executives in the technology, financial services, and e-commerce industries in the United States, Canada, and the United Kingdom.