2025稳定币聚焦：驾驭新数字金融格局研究报告

September 2025 2727EY Digital Assetsand Crypto teamoverview 2626Conclusion 0606 1010 Stablecoin users:corporates andfinancial institutions Stablecoinexploration andadoption Stablecoins are not just apromise — they’re deliveringmeasurable value for earlyadopters.“ Introduction Stablecoins have the potential to revolutionizefinancial transactions — from remittances and tradeto everyday payments. The passage of the GENIUSAct on July 18, 2025, marks a turning point, pavingthe way for increased investment, technologicalinnovation and broader adoption. As the Senateapproved the bill, EY-Parthenon team surveyed morethan 350 executives from financial and nonfinancialsectors about their views on stablecoins. Thefindings reinforced market expectations: stablecoinsare set for significant growth, and with regulatoryframeworks becoming clearer, they are wellpositioned to integrate into mainstream finance. on-/off-ramp infrastructure and digital wallets. Withregulatory clarity now emerging, the conditions areripe for transformation. Financial institutions anticipate that by 2030,stablecoins could account for 5% to 10% of globalpayments — representing $2.1t to $4.2t of value,according to EY-Parthenon estimates. This figureincludes cross-border business-to-business (B2B),peer-to-peer (P2P), consumer-to-business (C2B),business-to-consumer (B2C) transactions butexcludes wholesale transfers (such as trading,foreign exchange (FX). While the full impactremains to be seen, one thing is clear: stablecoinswill reshape how quickly and cost-effectively moneymoves across borders. Stablecoins are not just a promise — they’re deliveringmeasurable value for early adopters. According tothe survey, 41% of organizations that have usedstablecoins reported cost savings of 10%+, primarilydriven by efficiencies in cross-border payments.These savings stem from both receiving paymentsfrom suppliers and making outbound payments.Notably, corporate users expressed a strongpreference to access stablecoin-based paymentservices through their existing banking relationships. The momentum is building, and the time to actis now. Financial firms and corporations mustevaluate how stablecoins will affect their businessmodels and define their strategic response. Willthey become providers of stablecoin servicesor beneficiaries? Should they begin acceptingstablecoins as payment? How will these digitalassets disrupt existing systems — and what newopportunities will emerge? Whether buildingcapabilities in house, acquiring them or partneringwith others, organizations must develop aninformed strategy and take decisive action. This presents a clear opportunity for banks to leadthe transition. While 15% of financial institutionsalready offer stablecoin services, another 57% areplanning to explore new offerings, with a focus on Key takeaways from EY-Parthenon’s 2025 stablecoinsurvey of corporates and financial institutions Stablecoinusers Financialinstitutions‘ valueproposition andplans for clients Expectedbenefits andchallenges Corporates‘adoption plans Stablecoinexploration andadoption Regulatoryclarity 3 1 2 5 Corporates are looking totheir traditional bankingpartners for access tonew payment methods/stablecoins; to supportthis need, 79% of financialinstitutions (FIs) plan toleverage a third party forbuilding out infrastructure. Reduced transaction costs(52%) and faster cross-border payments (45%)are the leading drivers ofinterest for organizations;top use cases are cross-border focused (bothpaying suppliers andaccepting payments). Stablecoins have 13%utilization amongfinancial institutions andcorporates globally; 54%of organizations not usingstablecoins today expectto within the next six to 12months. Financial institutionspredict 5% to 10% ofglobal payments will usestablecoins by 2030; 15%offer stablecoin servicestoday and 57% intend toactively explore their planswith a focus on providingon-/off-ramp services andwallets. Seventy-three percent oforganizations noted regulatoryclarity concerns as a keyadoption obstacle; the GENIUSAct was signed into lawshortly after the survey wasconducted and the extent towhich these concerns will beaddressed will depend on howregulators will implement theGENIUS Act. Forty-one percent oforganizations thathave used stablecoinsreported cost savingsof 10%+, primarilydriven by efficienciesin cross-borderpayments. 54% of organizations not using stablecoinstoday expect to within the next 6–12 months(n=305) Focus of corporates and FIs using stablecoinson cross-border accounts payable and receivableuse cases (n=45) Keyhighlights Non-user adoption in the next 6–12 months 1 Financial institutions and corporatesstarting to use stablecoins offinancial institutions1have used stablecoins23% 4 5 ofcorporates2haveused stablecoins8% FIs primarily interested in providing on-/off-ramp and walletinfrastructure (n=100) Corporate payments use caseinterest primarily driven bycost savings and efficiency(n=250) Cu