The interconnected global financial system is undergoing a fundamental transformation. Stablecoins, once limited to facilitating crypto trading, have evolved into a versatile medium for value transfer, settlement, and liquidity management, addressing long-standing inefficiencies in traditional finance. Standard Chartered forecasts that the stablecoin market cap could grow tenfold by the end of 2028, driven by the emergence of alternative use cases.

The appeal of stablecoins lies in their hybrid nature: they combine the stability of fiat currencies with the efficiency and programmability of blockchain networks. For corporations, they offer a compelling alternative to slow and expensive legacy banking infrastructure. 

As regulatory clarity improves and corresponding infrastructure matures, stablecoins are well-positioned to serve as foundational instruments across a growing range of financial activities, from supply chain finance to institutional securities clearing. 

This report examines how enterprises are leveraging stablecoins to address real-world frictions in global finance and highlights key barriers that must be overcome for stablecoins to achieve mainstream adoption.