Stablecoin Adoption Set to Surge After GENIUS Act, Hit $4T in Cross-Border Volume: EY Survey

Stablecoin adoption is accelerating among corporates and financial institutions, fueled by regulatory clarity and cost efficiencies in cross-border transactions. A recent EY-Parthenon survey of 350 executives reveals 13% of firms already leverage stablecoins, primarily for international payments. Over half of non-adopters plan to integrate them within 6-12 months.

The GENIUS Act, enacted in July, has emerged as a catalyst. By establishing reserve requirements and issuer oversight for dollar-pegged stablecoins, the legislation addresses longstanding concerns around liquidity, taxation, and custody. Market participants view this as a watershed moment for institutional adoption.

Cost reduction remains a compelling driver—41% of users report at least 10% savings on cross-border transfers. Projections suggest stablecoins could facilitate 5-10% of global payment flows by 2030, representing $2.1-$4.2 trillion in annual volume. While infrastructure gaps persist, with only 8% of merchants currently accepting stablecoin payments, the trajectory points toward mainstream financial integration.