Coinbase: The interest of Fortune 500 companies in stablecoins has tripled compared to last year.

CN
15 days ago

According to a report from the cryptocurrency exchange Coinbase, interest among executives at Fortune 500 companies in using stablecoins has tripled year-on-year in 2024.

In a survey of 100 executives from the 500 highest-grossing companies in the U.S., nearly 29% indicated that their companies plan to or are interested in stablecoins, compared to only 8% who held the same view in 2024, indicating a year-on-year increase of more than three times, as stated in Coinbase's "State of Cryptocurrency" report released on Tuesday.

The main reasons for the interest in stablecoins are the slow transaction speeds and high fees of current payment methods. At the same time, 7% of respondents indicated that their companies currently use or hold stablecoins.

Companies with fewer than 500 employees have also shown increasing interest in stablecoins compared to last year.

In a survey of 251 financial decision-makers from small and medium-sized enterprises (SMEs), 81% expressed interest in using stablecoins, up from 61% a year ago. Additionally, 46% indicated that they might use cryptocurrency within the next three years.

Coinbase stated, "This growth is driven by the belief among consumers, Fortune 500 companies, and small and medium-sized businesses (SMBs) that stablecoins can help address some of their biggest financial pain points."

Over 82% of SMEs also indicated that they believe cryptocurrency can help solve at least one financial issue related to their business, such as transaction fees and cross-border payments.

Coinbase noted, "Use cases include remittances through near-instant and low-cost cross-border transactions, reducing payment processing fees, improving payroll efficiency, protecting against inflation, and providing a payment bridge for the unbanked and underbanked populations."

According to Coinbase, the monthly transaction volume of organic stablecoin transfers has also significantly increased, reaching a peak of $719 billion in December 2024, followed by $717 billion in April 2025, marking the two highest months to date.

The total transaction volume of stablecoins in 2024 also reached $27.6 trillion, surpassing the combined total of Visa and Mastercard, with a growth of 7.7%.

During the same period, the number of stablecoin holders continued to grow, with over 161 million holders recorded in May.

Coinbase stated, "This exceeds the total population of the 10 largest cities in the world and is greater than the combined total of 142 million users of the 'Big Four' mobile banking apps in the U.S.—JPMorgan, Bank of America, Wells Fargo, and Citibank."

Other large companies and even some countries have also shown increasing interest in using stablecoins in some form.

Uber CEO Dara Khosrowshahi stated at the Bloomberg Technology Summit in San Francisco on June 5 that the company is in the "research phase," considering the use of stablecoins to help reduce the costs of global money transfers.

Enterprise-level digital asset platform Fireblocks found in a report on May 14 that 90% of surveyed institutional players are exploring the use of stablecoins in their operations.

A Russian Treasury official proposed a plan in April suggesting that the government develop its own stablecoin, while three major institutions in Abu Dhabi also collaborated in the same month to create a new dirham-pegged stablecoin.

Related: Meta's rejection of Bitcoin (BTC) indicates that large tech companies remain skeptical.

Original article: Coinbase: Interest in Stablecoins Among Fortune 500 Companies Has Tripled Compared to Last Year

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