Stablecoins in focus:navigating the new digitalfinancial landscapeSeptember2025EY ParthenonThebetterthequestion.Thebetterthe answerThebettertheworldworks.Shapethefuturewithconfidence
00CONTENTS01020304061026IntroductioKeytakeaway:KeyhighlightBackground andStablecoinStablecoinusersConclusionexploration andcorporates andand Crypto teamovervier
0166Stablecoinsarenotjustapromise-they're deliveringIntroductionadopters.
02Key takeaways from EY-Parthenon's 2025 stablecoinsurvey of corporates and financial institutionsStablecoinStablecoinExpectedCorporates'FinancialRegulatoryexploration andbenefits andadoption plansinstitutions'valueclarityadoptionchallengesproposition andplans forclients
032Focus of corporates and FlsKeydoption in thenext 6-12 monthshighlightsLikelyUnsure/yet tobe determined1FInancialinstitutionsandcorporatestarting to use stablecoinsof financialinstitutions'23%8%5of corporates?haveorporate paymentsuse caseusedstablecoinsrest primarily driven byinfrastructure(n=100)costsavings and efficiency2.Faster cross-borderpayments3.24/7settlement andliquidtyTyplcallyhave$10b+In annualrevenue1.New product ar revenueopportunities5.Greater transparency and auditabilit
04Background andmethodologyResearch obiectives andmethodologiesWhat wedidAudiencewrs(CFO,CTO,CO,dirvigtalaswb.meywieooit@rcurrentusorsoa#wy60-350When
05BACKGROUNDANDMETHODOLOGYLatinAmerica560-5106Respondent12%$116-550b15%25%demographicsPrimaryAnnualEMEA17%63%34%revenue11%$51b+610%$100m-5500mAIrespo5501m-$1bOtherOtheriManutacturing21%28%31%Corporate14%Fis0=250nm100ransportatior18%6%and logbttTechnology8%15%10%2#%ecommencPoyments
0666Thepassageof theGENIUSActhasfurtheracceleratedStablecoin explorationinterest frombothcorporatesand financialinstitutions.and adoption
07STABLECOINEXPLORATIONANDADOPTION100% of Fls and corporates are aware of stablecolns, with 13% having already used them; 65% expect interest instablecoins to rise inthe next 6-12 monthsraanizatbonused stabiecolns torpayn:HowdoypueopocthnterestIinsatecalnsatyororganbatontbochangehthe nest 6-12ents orother usecases? Forthe purposes of thismontha?(n=350)ndtomahtbhastabevate by behy progedtoIfat aurrency(eg,.Us0,GP, EUR), On-350)04350M451-30522%69%91%77%6路24%TotalCorparatesTotalUsensNon-usersSyiikantydocaase(Stahlecolins wilmotbe conaidereda priorty)shndcated statecodns wllither bacomne alepiadty(215Landvar,77%in the oneryandulilisoctiy indicatedthat satiecdinsvwirecalvemereaoriaanddiscussion,
08STABLECOINEXPLORATIONANDADOPTION54%ofFlsandcorporatesthat arenot using stablecoins expect to begin using themin thenext 6-12 monthssupportive legislation increases interest for 81% ofcorporates:Fornon-usarscomrparadeslHoal tsyporarganhztn expbringstablecolns?(n=228)SightyincreaseintarestIvariousindushios
09STABLECOINEXPLORATIONANDAOOPTONRequlationandregulatoryclartyarekeytoadoption,whichislargelybeingaddressedinthe USwiththeJuly2025passage of the GENIUS ActD:Whatanyourorganizaton's top condcouning and tae beatment cartyisa mar isssa,partioulbatyin tholswhare 5ONdvonpwedwmornty11%inBuropsand22%in.Aslaingprtnersupportisamaipon130%andheUSa20%
１０STABLECOINUSeRS:corporatesand financialnstitutions
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