The adoption of Stablescoin is gaining momentum of companies and financial institutions motivated by regulatory clarity and cost savings in global monetary transfers, according to an EY-Parthenon survey.
Directed with 350 leaders in June after the Senate adopted the Act on Engineering, the survey revealed that 13% of companies already use stablescoins, mainly for cross -border payments. Among those who did not use stablecoins, 54% expected to adopt them in the next six to 12 months.
The regulatory clarity provided by the engineering law has been largely considered a turning point. The legislation, which was promulgated in July, provided long -awaited rules for the stablecoins denominated in US dollars, including reserve requirements and the transmitter approval processes.
The leaders said that in the survey, the law reduces uncertainty concerning liquidity, tax processing and day care.
Cost savings is also a key engine for adoption, 41% of current users reporting at least a 10% reduction in expenses from the use of stablecoins in international transactions.
Respondents also considered stablecoins as a long -term element of global finance. By 2030, they believe that stablecoins could facilitate between 5% and 10% of all cross -border payments, which represents 2.1 billions of dollars to $ 4.2 dollars.
However, the obstacles of infrastructure remain. Only 8% of companies accepted payments in the floors and many companies planned to rely on banking partners and Fintech for integration.
Read more: US Stablecoin Battle could be a zero -sum game: JPMorgan
