42% of Companies Already Use Stablecoins for Cross-Border Payments
JH Kim
Summary
- Cybrid's survey found that 42% of companies surveyed already use stablecoins for cross-border payments.
- A total of 88% of respondents said they were likely or very likely to use stablecoins within the next 12 months.
- According to the report, companies using stablecoins cut global payment costs by an average of 35%, while those with monthly payment volumes above $100 million saw savings of as much as 47%.
Forecast Trend Report by Period
Companies' use of stablecoins could expand sharply over the next 12 months, a new analysis showed.
Cointelegraph reported on July 30 that payment infrastructure firm Cybrid said in a survey report that 42% of companies surveyed already use stablecoins for cross-border payments.
A further 88% of respondents said they were likely or very likely to use stablecoins within the next 12 months.
The report found that companies using stablecoins cut 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 business leaders.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.