69% of Banks Plan Stablecoins: Only 18% See Wide Demand

An EY-Parthenon survey of 383 corporations and 138 financial institutions familiar with blockchain payments, conducted in July and August, found that 69% of the financial institutions already offer or plan to offer stablecoin services within two years. Within that group, 18% already offer such services and 51% plan to launch within two years, while 82% said interest in stablecoins and tokenized deposits—ordinary commercial-bank money recorded on a blockchain—came from a quarter of their customers or fewer. Among corporate respondents, 18% had blockchain payments live in production. EY’s analysis said competitive differentiation ranked above revenue generation as a driver, with banks building to avoid being left behind.