Report: More than 90% of financial institutions deploy stablecoins, and banks focus on accelerating cross-border payments and settlements

According to Mars Finance, a survey report released by digital asset platform Fireblocks on May 15 shows that 90% of 295 traditional banks, financial institutions, and payment gateways have already applied or plan to deploy stablecoins, with only 10% taking a wait-and-see approach. Among the respondents, 49% have used stablecoins for payment scenarios, 23% are in the pilot phase, and 18% are in the planning stage. Traditional banks are using stablecoins as cross-border payment strategic tools, with 58% using them for cross-border remittances and 28% for receiving payments. Additionally, 12% of banks use stablecoins for liquidity management, and 9% for merchant settlement and B2B invoice processing. The report points out that stablecoins, with their characteristic of being pegged to fiat currency, can seamlessly integrate into existing fund management systems, helping banks reduce capital lock-up risks and counter competition from financial technology companies. In terms of application advantages, 48% of institutions list "settlement speed improvement" as the primary benefit, followed by enhanced transparency (37%), liquidity management optimization (29%), payment process integration (25%), and security enhancement (18%). Only 12% of institutions consider "transaction cost reduction" as the main driver. Fireblocks emphasizes that stablecoins are becoming a key path for modernizing traditional financial systems. With growing customer needs and maturing use cases, institutions need to accelerate their layout to avoid technological obsolescence, especially in cross-border payments by rebuilding efficiency barriers through stablecoins.