StableCOin Admission is gaining momentum among companies and financial institutions driven by legislative clarity and cost savings in global money transfers, according to a study conducted by Ey-Parthenon.
The survey was conducted with 350 leaders in June after the Senate passed the Genius Act, and found that 13% of companies are already using stablecoins, mainly for cross -border payments. Among those who did not use stableecoins, 54% expected to adopt them within the next six to 12 months.
Regulatory clarity provided by the Genius Act was widely considered a turning point. The legislation signed in July law delivered long-awaited rules for US dollar-denomined stablecoins, including reserve requirements and issuing approval processes.
Leaders said in the study that the law reduces the uncertainty of liquidity, tax treatment and custody.
Cost savings are also an important driver for adoption, with 41% of current users reporting at least 10% reduction in expenses from using stablecoins in international transactions.
The respondents also saw stableecoins as a long -lasting luminaire in global funding. By 2030, they estimate that stableecoins could ease between 5% and 10% of all cross -border payments, which represents $ 2.1 trillion to $ 4.2 trillion in value.
Still, there are still infrastructure barriers. Only 8% of companies accepted payments in stableecoins, and many companies planned to lean on bank and fintech partners for integration.
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