Cybrid Report: Businesses Plan to Increase Stablecoin Use for Cross-Border Payments

Business use of stablecoins is expected to rise over the next 12 months as more companies adopt the digital currencies for payments, according to a report from payments infrastructure firm Cybrid. According to Cointelegraph, the report found that 42% of surveyed businesses already use stablecoins for cross-border payments, while 88% said they are likely or very likely to use stablecoins within the next 12 months. The survey also indicated that only 2% of respondents identified as committed users of traditional payment rails. Companies using stablecoins reported average cross-border payment cost savings of 35%, and firms processing more than $100 million in monthly payment volume reported average savings of up to 47%. The findings are based on a survey of 468 executives and business leaders conducted between April 28 and May 4, with respondents spanning technology, financial services, and ecommerce in the United States, Canada, and the United Kingdom, including C-suite leaders and finance, treasury, payments, and operations managers. The report detailed how businesses are applying stablecoins across multiple functions, with payroll and contractor payments cited as the most common use case, followed by supplier payments, customer payments, investment and yield generation, vendor payments, and treasury and liquidity management. Respondents also emphasized the importance of regulation, with 71% saying regulatory clarity would do more to increase confidence in expanding stablecoin use than trusted infrastructure providers or integration with existing systems. The broader market context shows stablecoins at a global market cap of $307.64 billion, led by Tether’s USDT at $184.7 billion and Circle’s USDC at $73.51 billion, according to Coingecko data. The report also noted that GENIUS Act-compliant stablecoins have surpassed $76 billion in market cap, following legislation that established the first federal regulatory framework for payment stablecoins in the United States. Separate industry data cited in the article pointed to similar momentum, including Paybis reporting in June that business customers accounted for nearly 98% of stablecoin payout volume processed through its platform during the first four months of 2026, up from 36% in 2023, and McKinsey research estimating business-to-business transactions represented roughly 60% of the $390 billion in global stablecoin payment volume recorded in 2025. Infrastructure expansion has continued, including Falcon Finance debuting the dollar-backed stablecoin fUSD in May through Anchorage Digital Bank’s federally regulated issuance platform, and BNY expanding its digital asset custody platform on Monday to support Circle’s USDC for institutional clients.