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60% of Fortune 500 Companies Pursue Blockchain Initiatives According to Coinbase
According to Coinbase's second quarter State of Crypto report:
- 60% of Fortune 500 companies are pursuing blockchain initiatives.
- Stablecoin supply has increased by 54% year-on-year.
- One third of small and medium-sized businesses (SMBs) are utilizing crypto.
- 20% of Fortune 500 executives view onchain initiatives as essential to their strategy.
- Over 80% of institutional investors intend to raise their crypto exposure this year.
- 46% of SMBs not currently using crypto plan to adopt it within three years.
- 82% of these SMBs believe crypto can alleviate financial issues.
- 90% of surveyed Fortune 500 executives advocate for clear crypto regulations in the U.S. to foster innovation.
The findings are based on surveys conducted with 100 Fortune 500 executives and 251 decision-makers from SMBs, alongside an analysis of Fortune 100 companies' web3 activities from 2020 to 2025.