Business savings achieved through stablecoin use will increase by 73% compared to 2025, according to a recent forecast.
A new study by Juniper Research revealed that using stablecoins could save businesses $26 billion around the world by 2028. This number illustrates a 73% increase from the $15 billion in corporate savings expected in 2025.
Stablecoins are digital currencies tied to regular fiat money, preferably to a steady-value asset like the US dollar. They help lower costs by cutting out middlemen, especially in international payments. The growing popularity of this digital asset class comes from their ability to maintain a consistent value throughout economic crises, making them useful for various financial purposes, e.g. cross-border transactions, lending, borrowing, and earning interest in DeFi apps, purchase and service payments, and more.
Most savings arising from the stablecoin use will come from cross-border business payments. These payments often involve many intermediaries for currency exchange, which raises transaction costs. By using stablecoins, companies can complete transactions faster and at a lower cost. This is especially useful in industries like finance and logistics.
The study also estimates that North America, particularly the US, could see the biggest benefits, with one-third of global savings coming from this region. This is because the US is advancing its business solutions and may soon have clearer, more supportive crypto regulations. A favorable legislative regime could encourage more companies to adopt these new technologies and completely change the ways international business is done.
Overall, these findings suggest that stablecoins could revolutionize how businesses handle payments, making transactions cheaper, quicker, and more efficient. The volume and value of transactions using stablecoins have been steadily growing for the last few years. In Singapore alone, the volume of stablecoin payments grew from $489 million in Q1 2024 to almost 1 billion in the second quarter of the same year. The impressive growth was mostly fueled by transactions at merchant outlets.
In mid-2024, the stablecoins market cap reached $168 billion. This January, stablecoins hit a new all-time high, surpassing $200 billion in aggregate market value.
The growing influence of the stablecoin market is largely driven by two major stablecoins: USDT and USDC. The rapid growth of the stablecoin market is due to rising interest in cryptocurrencies among institutions and retailers, as well as cautious investors looking for safer options instead of risky altcoins. Stablecoins help manage risk in unstable markets, acting as a safe place to store value and reduce losses from price swings. As we can see from the Juniper Research study, businesses can also save significant costs by using this financial alternative.
