FED Survey Finds Low Stablecoin Adoption Among Regional Businesses
1 report, 1 independent
Updated Sun 00:00
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What happened
Cleveland Federal Reserve researchers surveyed 148 businesses in the Fed’s Fourth District regarding stablecoin usage. The research found that only one business was using stablecoins in September 2025. Seven other businesses planned to adopt them, while the majority were uncertain or had no plans.
Why it matters
The survey examines why new payment options, such as stablecoins, struggle to gain traction with businesses even after regulatory frameworks are established. Stablecoins, like Circle’s USDC, are digital tokens designed to maintain a steady value against a currency like the US Dollar.
Who's involved
- FEDConducted the regional survey on stablecoin usage.
- CircleProvider of Circle’s USDC, a stablecoin mentioned in the research.
- US Dollar (Next day)The currency against which stablecoins are designed to maintain a steady value.