EY Survey: GENIUS Act Drives Massive Stablecoin Adoption to $4T Cross-Border Volume

According to a comprehensive EY-Parthenon survey, stablecoin adoption is accelerating rapidly among corporations and financial institutions. The research, conducted with 350 executives following the Senate's passage of the GENIUS Act, reveals that 13% of firms currently utilize stablecoins primarily for cross-border payments. Notably, 54% of non-users plan to adopt stablecoins within the next 6-12 months. The GENIUS Act, signed into law in July, has provided crucial regulatory clarity for USD-denominated stablecoins, establishing clear reserve requirements and issuer approval processes. Executives report this legislation significantly reduces uncertainty regarding liquidity, tax treatment, and custodial services. Cost efficiency emerges as a major driver, with 41% of current users achieving at least 10% cost reduction in international transactions. Projections indicate stablecoins could facilitate 5-10% of all cross-border payments by 2030, representing $2.1-$4.2 trillion in transaction volume. Despite growing adoption, infrastructure challenges persist, with only 8% of businesses currently accepting stablecoin payments, prompting many firms to seek banking and fintech partnerships for integration solutions.