A recent report by Coinbase indicates a significant surge in interest and adoption of stablecoins among Fortune 500 companies. The study reveals that the number of Fortune 500 companies planning to use or showing interest in stablecoins has more than tripled compared to findings from 2024. This growing interest highlights the increasing recognition of stablecoins as a valuable tool for addressing various financial challenges and streamlining operations.
The Coinbase "State of Crypto" report surveyed Fortune 500 executives and decision-makers at small and medium-sized businesses (SMBs) to gauge the trends in crypto adoption. The findings suggest a major shift in how large institutions, small businesses, and investors perceive the future of money, with stablecoins and digital assets playing an increasingly central role. Roughly 60% of Fortune 500 executives reported that their companies are currently "working on blockchain initiatives." Nearly one in five Fortune 500 executives now consider on-chain initiatives a key part of their long-term strategy, marking a 47% increase from the previous year.
Several factors contribute to the rising interest in stablecoins. Businesses are looking for ways to overcome the limitations of traditional payment methods, such as slow transaction speeds and high fees. Stablecoins offer a faster, cheaper, and more efficient alternative for various use cases, including cross-border payments, remittances, payroll processing, and supply chain management. They can also help bridge payment gaps for the underbanked and unbanked populations, promoting financial inclusion.
The report highlights that over 81% of crypto-aware SMBs are interested in using stablecoins to address key financial pain points such as high transaction fees and cross-border payment delays. The momentum is being fueled by real-world usage. Coinbase reported that stablecoin transfer volumes hit all-time highs in the past year, with $719 billion moved in December 2024 and $717.1 billion in April 2025. Over the full year, stablecoins facilitated $27.6 trillion in transfer volume, surpassing Visa and Mastercard combined by over 7%.
Furthermore, the report emphasizes that the highest institutional adoption of crypto is seen across small and medium businesses (SMBs). The number of SMBs using crypto has doubled (34% in 2025 vs. 17% in 2024) year-on-year. The number of SMBs using stablecoins has also doubled, as has the number of SMBs that have paid or accepted a payment in crypto. About 82% of SMBs say crypto can help solve at least one of their business's pain points, up from 68% a year ago.
Stablecoin adoption and volumes are rising significantly. Organic stablecoin transfer monthly volumes have also seen a significant uptick, with December 2024 seeing highs of $719 billion, followed by April 2025's $717 billion as the two highest months so far, according to Coinbase. The total stablecoin supply reached $247 billion at the end of May 2025, marking a nearly 54% increase from the previous year.
Despite the growing enthusiasm for stablecoins, the report also acknowledges the need for greater regulatory clarity in the crypto space. An overwhelming 9 in 10 Fortune 500 executives agree that clear, consistent U.S. regulation around crypto, blockchain, and onchain technologies is essential to support ongoing innovation. Clear regulations would provide businesses with the confidence and legal certainty needed to further invest in and utilize stablecoins and other digital assets.
