Businesses using or piloting stablecoins reported operational benefits, including faster settlement, better access to markets and currencies, and improved payment recipient experiences. Stablecoin adoption is gaining traction among businesses already putting the technology to work, with 90% of those using it at meaningful scale saying it is worth the effort, according to a new Payoneer report. The report “Stablecoin Steps Up” was released at Money20/20 in Las Vegas. Payoneer surveyed 265 senior payments, treasury and finance leaders at US-based marketplaces, platforms and enterprises with at least $100 million in annual revenue. All respondents had prior experience with stablecoins or were already using, piloting or evaluating the technology, meaning the findings reflect businesses already engaged with stablecoins rather than the wider enterprise market. Adoption and scale Nearly seven in ten respondents, or 69%, said they were using stablecoins in live operations, while 41% of all respondents were using them at meaningful scale. Another 82% expect stablecoins to become part of their financial infrastructure within three years. Among businesses using or piloting stablecoins, 50% re...
90% of businesses using stablecoins at scale say it’s worth the effort, Payoneer survey finds
1 week ago
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