Interest in stablecoins among Fortune 500 executives has tripled since 2024, according to a new report from crypto exchange Coinbase.
In its latest State of Crypto report released Tuesday, Coinbase revealed that nearly 29% of 100 surveyed executives from the largest U.S. companies by revenue indicated their company is either exploring or planning to use stablecoins—up sharply from just 8% last year.
The report highlights that key drivers of this growing interest include the inefficiencies of current payment systems, particularly slow transaction speeds and high fees. Additionally, 7% of respondents said their companies already use or hold stablecoins.
Growing Stablecoin Interest Among Small and Midsize Businesses
Interest in stablecoins is also rising among small and medium-sized businesses (SMBs), according to Coinbase.
In a survey of 251 financial decision-makers at companies with fewer than 500 employees, 81% expressed interest in using stablecoins—up from 61% last year. Additionally, 46% said they are likely to adopt crypto within the next three years.
“This growth is driven by the belief among consumers, Fortune 500 companies, and SMBs that stablecoins can help solve some of their most pressing financial challenges,” Coinbase stated.
Over 82% of SMBs surveyed believe crypto could help address at least one key financial issue, such as high transaction fees or difficulties with cross-border payments.
“Use cases include remittances enabled by near-instant, low-cost cross-border transactions, reduced payment processing fees, improved payroll efficiency, protection against inflation, and closing payment gaps for underbanked and unbanked populations,” Coinbase said.
Stablecoin Adoption and Transaction Volumes on the Rise
Stablecoin adoption and transaction volumes have surged, according to Coinbase.
Organic stablecoin transfer volumes hit a peak of $719 billion in December 2024, closely followed by $717 billion in April 2025—marking the two highest months on record so far.
In total, stablecoin volumes reached $27.6 trillion in 2024, exceeding the combined transaction volumes of Visa and Mastercard by 7.7%.
During the same period, stablecoin ownership also expanded significantly, with over 161 million holders recorded as of May.
“That’s more than the combined population of the world’s 10 largest cities and exceeds the 142 million total users of the U.S. ‘Big Four’ mobile banking apps—JPMorgan, Bank of America, Wells Fargo, and Citibank,” Coinbase noted.
Stablecoins Gain Momentum Among Businesses
Interest in stablecoins is expanding beyond U.S. corporations, with major companies and even governments exploring their use.
Ridesharing giant Uber is currently in the “study phase” of adopting stablecoins to lower the cost of global money transfers, CEO Dara Khosrowshahi said at the Bloomberg Tech Summit on June 5 in San Francisco.
A May 14 report by digital asset platform Fireblocks revealed that 90% of surveyed institutional players are actively exploring stablecoin integration in their operations.
On the government front, a Russian finance ministry official proposed the development of a national stablecoin in April. That same month, three major Abu Dhabi institutions partnered to launch a new dirham-pegged stablecoin.
