Fortune 500’s interest in stablecoins triples from last year: Coinbase
Nearly 30% of the 100 executives at a Fortune 500 firm said their company has plans or is interested in stablecoins, up from 8% who said the same last year.
Interest in using stablecoins has tripled year-over-year from 2024 among company executives at Fortune 500 companies, according to a report by crypto exchange Coinbase.
Nearly 29% of 100 executives surveyed from the largest 500 US companies by revenue said their company has plans for, or is interested in stablecoins, compared to just 8% who said the same in 2024, representing a more than threefold increase year on year, Coinbase said in its State of Crypto report released Tuesday.
Key reasons for the interest in stablecoins were slow transaction speed and high transaction fees associated with the current payment methods. At the same time, 7% of respondents said their company currently uses or holds stablecoins.
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