Finance
Here’s the Juicy Scoop:
- Stablecoin adoption is skyrocketing among big corporations thanks to clearer rules and savings in global transfers, according to a jaw-dropping survey by EY-Parthenon. 💰
- The GENIUS Act, a U.S. stablecoin regulation passed in July, is the *real* hero behind this surge. 🦸♂️
- By 2030, stablecoins might handle 5% to 10% of all cross-border payments, valued at a mind-blowing $2.1 trillion to $4.2 trillion. Who’s ready for that? 🌍💸
Hold onto your hats, because stablecoin adoption is *actually* gaining traction among companies and financial institutions. Why? It’s all about clearer regulations and the magic of saving money on international transactions. Who knew saving cash could be this cool? 💸✨
This survey was done with 350 executives in June (after the GENIUS Act was passed), and guess what? 13% of businesses are already using stablecoins, mostly for cross-border payments. And the rest? Oh, only 54% of them plan on jumping on the stablecoin bandwagon in the next 6 to 12 months. Better late than never, right? 😏
The GENIUS Act? Yeah, that’s the game-changer here. This act, signed into law in July, set clear rules for U.S. dollar-backed stablecoins-reserve requirements, issuer approvals, the whole shebang. Finally! No more ambiguity about liquidity, taxes, or how to keep those coins safe. Phew. 🤷♀️
Cost savings, you ask? Absolutely! 41% of businesses using stablecoins reported a *minimum* of 10% reduction in expenses when making international payments. 💸💥
And get this: respondents are betting that by 2030, stablecoins will handle up to 10% of all cross-border payments-worth a cool $2.1 trillion to $4.2 trillion. Yep, you read that right. Some serious cash is coming our way! 💰🌍
But hold your horses… There are a couple of bumps in the road. Only 8% of businesses are currently accepting stablecoin payments, and most companies are planning to work with banks and fintech partners to make things easier. Rome wasn’t built in a day, right? 🏛️
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2025-09-21 18:12