42% of Companies Use Stablecoins for Cross-Border Payments

Corporate use of stablecoins could expand sharply over the next 12 months, a new analysis showed.

Citing a survey report from payments infrastructure firm Cybrid, Cointelegraph reported on July 30 that 42% of companies surveyed already use stablecoins for cross-border payments.

Another 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%. Firms with monthly payment volumes exceeding $100 million saw savings of as much as 47% on average.

The survey covered 468 executives and business leaders.