A recent survey by Fireblocks reveals a surge in institutional adoption of stablecoins, with nearly all surveyed entities either utilizing or considering their implementation for operational purposes. The report, released on May 15th, examined responses from 295 executives representing traditional banks, financial institutions, fintech companies, and payment gateways. Findings indicate that nearly half (49%) already employ stablecoins for payments, while 23% are currently conducting pilot tests and 18% are in the planning stage. Only 10% remain undecided about adopting stablecoins. The report emphasizes that stablecoin adoption is crucial to avoid obsolescence as customer demand increases and use cases evolve. This particularly holds true for traditional banks, which prioritize cross-border payments using these digital assets due to their strategic solution in mitigating inefficiencies inherent in traditional cross-border systems. These systems often face high costs and delays. The report further indicates that 58% of traditional banks utilize stablecoins for cross-border payments, while 28% employ them for accepting payments. Notably, 12% use stablecoins to optimize liquidity and 9% for merchant settlement and B2B invoicing. Fireblocks highlights that stablecoins present a path toward modernization for banks due to their fiat-pegged nature enabling seamless integration into existing treasury workflows. This strategy allows banks to regain market share from fintech companies, reducing capital lock-up. The survey also discovered that the most significant benefit of stablecoin use is their speed, with 48% of respondents citing faster settlement as a key advantage. Other benefits include greater transparency, improved liquidity management, integrated payment flows, and enhanced security. Conversely, lower transaction costs were cited by the least number of participants. As the financial landscape continues to evolve, stablecoins are becoming an essential tool for institutions seeking to stay competitive and meet customer expectations.