According to a newly released report by Fireblocks, global financial institutions are actively adopting stablecoins as strategic tools for cross-border payments, market expansion, and operational efficiency.
Fireblocks' report is based on an online survey of 295 respondents. Nearly half of the surveyed organizations are already using stablecoins, while others are in the testing phase. The data shows that stablecoins are moving from the periphery to the center of global finance.
Stablecoins Entering Financial Core
According to Fireblocks' "State of Stablecoins 2025" report, 49% of global organizations have utilized stablecoins for payments, and 41% are in the testing phase or planning adoption.
The biggest advantage of stablecoins is instant payment speed. 48% of executives value this, rating it far more important than cost savings. Particularly in Latin America, cross-border B2B payments are the primary use case, with 71% of organizations prioritizing this.
"Stablecoins are emerging as a strategic growth catalyst to expand into new markets and meet increasing customer demand. Banks are using them to recover lost cross-border transaction volumes while maintaining existing infrastructure, and fintech and payment gateways aim to increase revenue and margins," the report stated.
In Asia, market expansion is the primary driver, while North America views regulation as an opportunity. Europe has reduced compliance concerns to 18% by promoting clarity and security through the MiCA regulatory framework.
This demonstrates that stablecoins have become an essential solution, not just a trend.
The infrastructure supporting stablecoins is also ready, with 86% of organizations believing that wallets, APIs, and compliance tools meet their needs. Security is emphasized, with 36% of executives stating that security improvements will drive broader adoption.
Strategic drivers such as revenue growth and customer satisfaction surpass cost savings, and will help organizations compete in the digital age as tools for financial modernization.
The stablecoin market is expected to exceed $2 trillion within the next three years, with major companies like Visa and Mastercard participating.
USDC, Optimistic Long-Term Potential
Meanwhile, John Ma, founder of cryptocurrency data platform Artemis, predicts USDC's market value will exceed $370 billion by 2029. He claims global stablecoin supply will reach $1.2 trillion with an annual growth rate of 30%, with USDC holding a 28.5% market share.
USDC, issued by Circle, is currently the second-largest stablecoin with a market capitalization of around $61 billion. Recent market cap growth indicates a very positive long-term outlook for USDC.
This aligns with the recent state of the stablecoin market. According to BeInCrypto, total stablecoin supply exceeded $250 billion by mid-2025, with USDT and USDC dominating market share. This growth reflects payment demand and provides institutions an opportunity to optimize cross-border transaction costs previously limited by traditional banking systems.
Additionally, the Circle Payments Network (CPN) is expected to process 20% of B2B payments worth $570 billion by 2029, which will generate significant revenue and strengthen USDC's position.
