Stablecoin adoption is gaining momentum among corporates and financial institutions driven by regulatory clarity and cost-savings in global money transfers, according to a survey by 0 with 350 executives in June after the Senate passed the GENIUS Act, the survey found that 13% of firms already use stablecoins, mainly for cross-border 1 those who didn't use stablecoins, 54% expected to adopt them within the next six to 12 2 clarity provided by the GENIUS Act was widely viewed as a turning 3 legislation, which was signed into law in July, provided long-awaited rules for U. S. dollar-denominated stablecoins, including reserve requirements and issuer approval 4 said in the survey the law reduces uncertainty around liquidity, tax treatment and custodial 5 savings are also a key driver for adoption, with 41% of current users reporting at least a 10% reduction in expenses from using stablecoins in international 6 also saw stablecoins as a long-term fixture in global 7 2030, they estimate stablecoins could facilitate between 5% and 10% of all cross-border payments, representing $2.1 trillion to $4.2 trillion in value.
Still, infrastructure hurdles 8 8% of businesses accepted payments in stablecoins, and many firms planned to lean on banking and fintech partners for 9 more: 10 Battle Could Be Zero-Sum Game: JPMorgan
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