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Today in crypto, a new report from Fireblocks shows 90% of institutional players are using or plan to use stablecoins, with banks prioritizing cross-border payments and speed as key benefits, the US Department of Justice (DOJ) added another 12 people to its list of defendants suspected of being involved in a major US crypto racketeering ring, and Coinbase has fired a group of contracted customer support agents allegedly involved in insider phishing attacks that could cost the company up to $400 million.
A report from enterprise-grade digital assets platform Fireblocks shows that 90% of institutional players are using or exploring the use of stablecoins in their operations.
The report, published May 15, surveyed 295 executives across traditional banks, financial institutions, fintech companies and payment gateways. Almost half of the respondents (49%) said they already use stablecoins in payments, while 23% are conducting pilot tests and another 18% are in the planning stage.
