Good morning. Is the segment of crypto-friendly CFOs growing? That appears to be the case, as pursuing blockchain initiatives is becoming increasingly common.
Fortune’s Catherine McGrath reported last week that about 60% of Fortune 500 executives say their companies are “working on blockchain initiatives,” according to a new survey published by crypto exchange Coinbase in partnership with GLG Research. This is a 4% increase from last year.
The report also highlighted that 81% of crypto-aware, small- and medium-sized businesses are interested in using stablecoins to address their biggest financial pain points. That belief is catching on at large companies, with more than three times as many Fortune 500 executives now exploring stablecoins compared to last year, according to Coinbase.
Fortune’s Leo Schwartz and Ben Weiss exclusively reported that Meta is in discussions with crypto firms to introduce stablecoins as a means to manage payouts, and has also hired a VP of product with crypto experience to help shepherd the discussions. Amazon and Walmart are also looking into issuing their own stablecoins, the Wall Street Journal reports.
Shifting political dynamics have sparked renewed interest in blockchain among mainstream U.S. corporations. The Trump administration has advocated for a clear regulatory framework for crypto in support of the industry.
