Digital Asset Exchange Coinbase (Coin) said Future of Money is actively working on blockchain initiatives, announced on Tuesday in its second quarter Crypto Report of Crypto report.
Stablecoin usage is growing supply by 54% year-on-year, with over a third of SMBs using crypto, and 60% of Fortune 500 companies working on blockchain projects.
Adoptions are expected to continue to grow. 20% of Fortune 500 executives say the Onchain initiative is a key part of the company's strategy, with over 80% of institutional investors planning to increase their exposure to Crypto this year.
The report said 46% of small businesses that do not use Crypto are planning to start using it over the next three years, with 82% of these companies thinking that the use of the technology would help address some of the “financial issues.”
Still, for Crypto to reach its full potential, it needs greater regulatory clarity. 90% of F500 executives surveyed say that clear US crypto regulations are needed to support innovation.
Coinbase used a third-party research company to survey 100 Fortune 500 executives in April about small business Web3 recruitment and 251 decision makers. We also analyzed Web3 initiative activities by Fortune 100 companies between 2020 and 2025.
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