Security | Threat Detection | Cyberattacks | DevSecOps | Compliance

According to our 2025 State of Stablecoins report, only 10% of respondents said they were undecided on stablecoin adoption. Stablecoins are becoming a core component of modern payment rails as payment providers, banks, and fintechs look to move faster, expand globally, and stay competitive. At Fireblocks, we’ve spent the past five years building digital asset infrastructure with over 300 financial institutions. Stablecoins are now central to many of their strategies.

Digital wallets are the gateway to on-chain applications—and the expectations for how they’re delivered have changed. Product and engineering teams want more speed, less complexity, and full control over the user experience. They’re looking to test in hours, and go live this week. That’s exactly why we launched Embedded Wallets: a faster, lighter way to deploy white-labeled, secure self-custody wallets inside any app or service. No backend dependencies. No weeks-long integration.

As Ethereum ETFs gain traction, Fireblocks offers clients direct access to LsETH—combining ETH staking rewards with liquidity and compliance. Fireblocks has joined Liquid Collective as a Platform, adding support for Liquid Collective’s Liquid Staked ETH (LsETH). This integration enables institutions to stake ETH and access Ethereum network rewards while preserving liquidity and capital efficiency.

As institutional trading giants move into crypto, success won’t hinge on trade ideas, but on infrastructure. Adoption has been driven by growing institutional interest: new revenue opportunities, evolving regulation, and the demand for 24/7 trading infrastructure. For sophisticated firms such as multi-strategy hedge funds, high-frequency trading firms, and global asset managers, entering a new asset class isn’t taken lightly.

The strategic conversation around stablecoins has moved beyond innovation labs and pilot programs. It’s now a focus in executive leadership meetings and shareholder reports. In June, Bank of America’s CEO highlighted stablecoins as a potential new form of transaction account, one the industry must be ready for. SMBC has signed a multi-party MOU to explore wholesale stablecoin infrastructure.

In an April 2025 speech at the Exchequer Club, Acting Comptroller of the Currency Rodney Hood identified “expanding responsible bank activities involving digital assets” as one of the OCC’s top four strategic priorities.

At this year’s Money20/20 Europe, the focus was clear and pragmatic. Three themes came through consistently: digital identity, stablecoins, and open banking. Each reflects a broader shift underway. Institutions are moving from exploration to implementation. Regulatory frameworks are taking shape. Infrastructure is evolving to meet new demands. These priorities emerged across our discussions with partners, customers, and colleagues—and signal where the market is heading.

Asia is leading the world in real-world stablecoin adoption. According to our 2025 State of Stablecoins report, 56% of institutions in the region are already live—the highest adoption rate globally. Another 40% are either piloting or planning implementation, making stablecoins a foundational layer of Asia’s evolving payments infrastructure. Across markets like Singapore, Seoul, Tokyo, and Hong Kong, institutions are moving quickly—not just to explore stablecoins, but to scale them.

This year at Stablecon 2025, I had the privilege of delivering the opening keynote on behalf of Fireblocks. We supported the inaugural event as title sponsor because we believe stablecoins are reaching a pivotal moment—and this gathering marked an important step toward shaping the conversations that will define the space. For us, it was also a moment to take stock of how far the ecosystem has come—and the role Fireblocks continues to play at the center of it.

Confidence in Latin America is not just high—it’s active. Only 29% of institutions cited regulatory uncertainty as a barrier (compared to a global average of 41%), and just 7% mentioned lack of internal expertise—the lowest of any region. Over 70% say their infrastructure, including APIs and wallets, is already ready for stablecoin integration, and 86% have partnerships in place to support this shift. This foundation is what enables institutions to move beyond experimentation.