90% of Institutions Are Now Engaged With Stablecoins — The Fireblocks Enterprise Report

"90% engagement but only 49% live the gap between institutional interest and deployment is the single biggest opportunity in enterprise finance right now." Fireblocks Research, 2025

The Enterprise Stablecoin Engagement Landscape

Fireblocks surveyed its global institutional client base and found that 90% of institutions are now actively engaged with stablecoins exploring, piloting, or deploying. This is a remarkable figure. Five years ago, stablecoin engagement among traditional institutions was in the single digits. The 90% figure means that stablecoin strategy is now a board-level conversation at virtually every major financial institution, payments company, and corporate treasury team. The question is no longer "should we explore stablecoins?" it is "why haven't we gone live yet?"

The 41-Point Gap: Why Institutions Aren't Live

The gap between 90% engaged and 49% live a 41 percentage point delta reveals the real friction in enterprise stablecoin adoption. Fireblocks' data identifies four primary blockers: (1) regulatory uncertainty (now resolving with MiCA and the GENIUS Act); (2) internal compliance and legal review processes (typically 6–12 months for first deployment); (3) technology integration challenges (ERP connectivity, wallet infrastructure, reconciliation workflows); and (4) counterparty readiness (the businesses receiving stablecoin payments also need to be onboarded). Each of these blockers is solvable and the institutions solving them fastest are gaining a structural cost advantage.

How to Move from Engaged to Live

The institutions that have successfully closed the gap share a common pattern: they started with a single, high-value use case rather than trying to rebuild their entire payment infrastructure at once. A manufacturer replacing one supplier payment corridor. A corporate treasury replacing one intercompany transfer route. A payroll team adding stablecoin as an option for one country. Each pilot generates data, builds internal confidence, and creates the compliance precedent for expansion. Truman is designed for exactly this kind of focused first deployment one corridor, full compliance documentation, immediate measurable results.