Fireblocks, an enterprise platform for managing digital asset operations and building innovative businesses on blockchain, released its annual payments report, State of Stablecoins 2025. Drawing on insights from nearly 300 C-suite leaders across banking, fintech, and crypto-native firms, the report reveals that stablecoins are no longer in pilot mode—they are becoming the financial core of modern payments infrastructure.

90% of respondents, who included senior executives across traditional banks, fintechs, and crypto-native firms, report stablecoin payment programs are live, piloting, or planned, with cross-border B2B flows leading the way. However, the most notable shift is strategic: executives are prioritizing revenue growth, liquidity control, and market expansion over cost savings. Infrastructure readiness, security, and regulatory clarity have become non-negotiables for firms moving from concept to production.

The Fireblocks report pairs market insights with proprietary data from the Fireblocks platform, where stablecoin transactions now account for roughly half of total volume, reaching $40 billion per quarter. Fireblocks currently powers over 300 banks, fintechs, and PSPs across 75 countries.

"Boards at major payments enterprises recognize that adopting stablecoins is a strategic necessity. They look to retain competitiveness against new crypto-savvy entrants and tap into new client bases and markets that are increasingly aligned with digital asset ecosystems," said Vasant Prabhu, former CFO and Vice Chairman of Visa and member of Fireblocks' Advisory Board.