Interest in stablecoins among Fortune 500 companies has more than tripled over the past year, according to Coinbase’s latest State of Crypto report.
Nearly 29% of 100 executives from the largest US firms said their companies are either planning to use or are interested in stablecoins, up from just 8% last year. This sharp rise highlights growing confidence in stablecoins as a solution to the slow transaction speeds and high fees often associated with traditional payment systems.
The trend isn’t limited to large corporations. Small and medium-sized businesses (SMBs) are showing even greater enthusiasm. Of 251 financial decision-makers surveyed at small to medium-sized businesses (SMBs), 81% expressed interest in stablecoins, up from 61% a year ago. Nearly half of these businesses stated that they are likely to adopt cryptocurrency within the next three years.
SMBs view stablecoins as a means to address key financial challenges, including high transaction fees and the need for efficient cross-border payments. Over 82% believe crypto can help solve at least one financial issue for their business. Use cases include remittances, lower payment processing costs, improved payroll efficiency, inflation protection, and financial inclusion for the underbanked.
Stablecoin adoption is not just theoretical. In December 2024, monthly stablecoin transfer volumes reached $719 billion, with April 2025 close behind at $717 billion. For 2024, total stablecoin transaction volumes hit $27.6 trillion, surpassing the combined volumes of Visa and Mastercard by 7.7%. Stablecoin ownership also grew, with 161 million holders recorded in May 2025—more than the combined user base of the four largest US mobile banking apps.
Large companies and even governments are exploring the use of stablecoins. Uber is currently studying stablecoins to cut global money transfer costs. A recent Fireblocks report found that 90% of institutional investors are considering stablecoin adoption. Governments in Russia and Abu Dhabi are also developing their own stablecoins.
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