Coinbase Report: Interest in Stablecoins Among Fortune 500 Executives Triples Compared to Last Year

BlockBeats News, June 11: According to a report by Cointelegraph, a new publication from Coinbase reveals that since 2024, Fortune 500 executives have tripled their interest in utilizing stablecoins year-over-year.

In its "State of Crypto" report released on Tuesday, Coinbase noted that after surveying 100 executives from large U.S. companies within the top 500 in revenue rankings, nearly 29% of respondents indicated that their companies are either planning to use or are interested in using stablecoins. In comparison, this figure was just 8% in 2024, representing a year-over-year increase of more than threefold.

The report highlighted that the primary drivers behind executives' interest in stablecoins are the issues of slow transaction speeds and high fees associated with existing payment methods. Furthermore, 7% of respondents stated that their companies are already using or holding stablecoins.