In brief
- Coinbase looked at 100 Fortune 500 companies and found that 60% were investing in or working on blockchain-related projects.
- Stablecoin use is surging, too.
- More companies are planning to use the technology.
About three in five Fortune 500 companies are working on blockchain initiatives, Coinbase found in its State of Crypto second quarter report based on questions posed to executives from these firms.
Roughly half the participants said that their companies had increased spending on blockchain while one in five said it was a key part of their firms’ strategies, although many also expressed concerns about regulation.
“So, the future of money is here and it has only just begun,” the report said. “But it’s clear greater regulatory certainty is still required for the potential of crypto to be fully realized.”
The report underscores the growing embrace of digital assets and their underlying technology with many companies that…
