Payoneer’s newly published Stablecoin Steps Up report, released October 19, 2026 at Money20/20 in Las Vegas, puts a number on an idea the payments industry has been pushing for months: stablecoins are moving beyond simple transfer rails and into treasury and customer-facing features. The headline is not broad corporate adoption, however. It is a usage snapshot among companies that already had stablecoin exposure.
The report is based on a September 2026 survey of 265 senior payments, treasury, and finance leaders at US marketplaces, platforms, and enterprises with at least $100 million in annual revenue. Every respondent was using, piloting, evaluating, or had previous experience with stablecoins. That qualification is the most important detail in the release, because it changes what the percentages mean: 69% operational use among the survey pool is not the same as 69% of US large enterprises overall.
What the survey actually measured
Among the 265 respondents, Payoneer reports that 69% use stablecoins operationally, including 41% at what the company calls “meaningful scale,” and 82% expect stablecoins to become part of their financial infrastructure within three years. Applied directly to the sample, those figures translate to roughly 183 operational users, 109 at meaningful scale, and 217 expecting infrastructure involvement, though the release does not disclose item-level response rates or definitions for the scale thresholds.
The closer look at current products is also mixed. 33% already offer stablecoin capabilities directly to customers, and another 50% plan to within three years. Around 92% of respondents consider treasury and multi-currency balances a priority now or within three years, and 86% say the same about embedded customer wallets. Those are prioritization and intent signals, not launch evidence.
Where the reported value concentrates
Payoneer’s data suggests the most concrete benefits are operational rather than speculative. Among organizations using or piloting stablecoins, 50% report faster settlement, 41% cite better access to markets and currencies, and 40% cite a better payment-recipient experience. Global operations report broader value: 82% of businesses operating in 11 or more countries say they have proven measurable benefits in at least three areas, compared with 60% of those operating in ten countries or fewer.
The complexity gap is especially visible in supplier payments. Businesses that described their cross-border operations as “very complex” said they expected to expand stablecoin use across every use case more than the field, with the widest gap on paying suppliers and contractors at 82% versus 54%. This aligns with a cross-border payment use case rather than a speculative treasury bet, but the comparison is still self-reported.
eBay’s Renata Camera Santos, general manager for wallet business, monetization and innovation, said in the report that the industry opportunity “depends on solving a clear business problem, whether that means reducing costs or enabling payments to move faster and more globally.” That perspective from a marketplace executive is an endorsement of the problem framing, not an independent assessment of stablecoin performance.
What the report does not establish
The release lists integration, reconciliation, regulatory readiness, and provider accountability as key challenges to moving from pilots to daily use. Payoneer’s Rowland Berry, vice president for stablecoin, said future success is likely to depend on “integrating stablecoin into existing systems, meeting regulatory requirements and ensuring recipients can access and use the money they receive.” The report says 90% of businesses using stablecoins at meaningful scale say the benefits justify the effort, but that group is the same self-selected pool that already reached meaningful scale.
The study should be read as vendor evidence for product demand. Payoneer conducted the survey and released it through its own press channel, and it sells cross-border payment and treasury services. Self-reported settlement speed, market access, and recipient experience are not audited transaction metrics. The release does not provide a random sampling design, response rate, or weighting, so the 69% and 41% figures cannot be projected to the entire population of US companies with $100 million or more in annual revenue.
The next useful signal is not another survey. It is whether stablecoin settlement share appears in Payoneer’s actual earnings or transaction-volume disclosures, and whether the customer wallet and treasury products that respondents say they want launch and retain users. Until that external volume or product evidence arrives, Stablecoin Steps Up is a demand snapshot of companies already in the stablecoin exploration funnel.
