GENIUS Act Spurs Stablecoin Adoption, $4T Cross-Border Volume by 2030

Stablecoin adoption is increasing among corporates and financial institutions, driven by regulatory clarity and cost savings in global transfers, according to an EY-Parthenon survey.

The survey involved 350 executives post-Senate's GENIUS Act passage.
13% of firms currently use stablecoins, primarily for cross-border payments.
54% plan to adopt stablecoins within the next 6-12 months.

The GENIUS Act offers regulatory clarity by establishing rules for U.S. dollar-denominated stablecoins, including reserve requirements and issuer approval processes.

The law reduces uncertainty regarding liquidity, tax treatment, and custodial services.
41% of current users report at least a 10% reduction in expenses from international transactions using stablecoins.

Executives foresee stablecoins playing a significant role in global finance, predicting they could facilitate 5% to 10% of all cross-border payments by 2030, equating to $2.1 trillion to $4.2 trillion.

Only 8% of businesses currently accept payments in stablecoins.
Many firms plan to rely on banking and fintech partners for integration.

(EY-Parthenon)