Ernst & Young Survey: 54% of institutions that do not use stablecoins plan to start adopting by 2026

According to BlockBeats, on September 17, a survey released by consulting agency Ernst & Young on September 15 showed that most financial institutions and businesses that currently do not use stablecoins plan to configure stablecoins in the next 6 to 12 months. The survey, which covers 350 decision makers, showed that 54% of non-stablecoin users are expected to start implementation by 2026, could significantly increase stablecoin adoption among financial institutions and businesses around the world from the current 13%. Among current users, 41% reported savings of more than 10% over traditional payment methods. Cross-border vendor payments are the most common use case, accounting for 62% of implementation cases. USDC accounts for 77% of current adopters, USDT is 59%, and Euro-denominated EURC is used by 45% of the organizations surveyed. Financial institutions expect stablecoins to account for 5% to 10% of global payment value by 2030, equivalent to $2.1 trillion to $4.2 trillion by EY-Parthenon estimates. (CryptoSlate)