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42% of Businesses Already Use Stablecoins for Cross-Border Payments — Here's Why That Number Is About to Explode

(94 days ago) · 1 source · Summarized by CryptoBipto

A new report from Cybrid reveals that 42% of surveyed businesses are already using stablecoins for cross-border payments, with adoption expected to accelerate significantly. The findings suggest that stablecoins are rapidly moving beyond retail crypto speculation and into mainstream business finance operations.

WHY IT MATTERS

Think of stablecoins as digital dollars (or euros) that live on a blockchain. Unlike Bitcoin, their value doesn't swing wildly — they're designed to stay pegged to a traditional currency. For businesses that need to send money across borders, stablecoins work like a supercharged wire transfer: instead of waiting days and paying hefty bank fees to send payment from the U.S. to a supplier in Asia, a company can send a stablecoin payment in minutes for pennies. The fact that nearly half of surveyed businesses are already doing this suggests stablecoins are becoming a serious alternative to the traditional banking system for international commerce — not just a tool for crypto traders.

The Cybrid report underscores a pivotal shift in how businesses handle international payments. Traditional cross-border transactions through banks and intermediaries like SWIFT can take days and carry significant fees — often 3-7% of the transaction value.

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StablecoinsCross-Border PaymentsEnterprise AdoptionBusiness FinanceDigital Payments