42% of businesses already use stablecoins for cross-border payments, Cybrid finds

A Cybrid survey of 468 executives finds 42% of businesses already use stablecoins for cross-border payments, with 88% likely to adopt within 12 months, saving an average of 35% on costs.

• 42% of surveyed businesses use stablecoins for cross-border payments, with average cost savings of 35%.
• 88% of respondents said they are likely or very likely to use stablecoins within the next 12 months.
• Global stablecoin market cap stands at $307.6 billion, led by USDT ($184.7B) and USDC ($73.5B).
• Payroll and contractor payments are the most common stablecoin use case among businesses.
• 71% of executives said regulatory clarity is the top factor that would increase confidence in expanding stablecoin use.

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