42% of Companies Use Stablecoins for Cross-Border Payments, Survey Finds
JH Kim
Summary
- Cybrid said in a survey that 42% of companies surveyed already use stablecoins for cross-border payments.
- 88% of all respondents said they were likely or very likely to use stablecoins within the next 12 months.
- According to the report, companies using stablecoins reduced global payment costs by an average of 35%, while those with monthly payment volumes of more than $100 million saw savings of as much as 47%.
Forecast Trend Report by Period
Corporate use of stablecoins could increase sharply over the next 12 months, a new analysis showed.
Cointelegraph reported on July 30 that payments infrastructure firm Cybrid said in a survey report that 42% of companies surveyed already use stablecoins for cross-border payments.
Among all respondents, 88% said they were likely or very likely to use stablecoins within the next 12 months.
The report found that companies using stablecoins reduced global payment costs by an average of 35%. Businesses with monthly payment volumes of more than $100 million saw cost savings of as much as 47% on average.
The survey covered 468 executives and corporate leaders.
JH Kim
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