Fortune

Bitcoin

USDC

<h4><strong>The number of web3 initiatives announced by Fortune 100 companies has soared by 39% yearly. Reaching a record high in Q1-2024. </strong></h4> 
<p>A survey of Fortune 500 executives reveals that 56% are actively involved in on-chain projects. This includes those focused on consumer-facing payment applications.</p> 
<h5><strong>Rising On-Chain Initiatives Among Top US Companies</strong></h5> 
<div class="flex-shrink-0 flex flex-col relative items-end"> 
 <div> 
  <div class="pt-0.5 juice:pt-0"> 
   <div class="gizmo-bot-avatar flex h-6 w-6 items-center justify-center overflow-hidden rounded-full juice:h-8 juice:w-8"> 
    <div class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8">
     This heightened activity underscores the urgent need for clear regulatory frameworks in the U.S. It aims to retain crypto talent, enhance financial access, and bolster the country’s leadership in the global crypto space. In this chart, you can see the initiative of each Fortune 100 company:
    </div> 
   </div> 
   <div></div> 
   <div>
    <img decoding="async" class="wp-image-142913 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cdsdsfe-300x182.png" alt="" width="604" height="366" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cdsdsfe-300x182.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cdsdsfe.png 614w" sizes="(max-width: 604px) 100vw, 604px">
   </div> 
   <h6 style="text-align: center;"><strong>Source: <a href="https://assets.ctfassets.net/o10es7wu5gm1/2n9KtrCyq59uQ4uOCF18hi/21fd908639c6c87e9d36a994ccacda51/Q2_2024_State_of_Crypto_final.pdf" target="_blank" rel="noopener">Coinbase Report</a></strong></h6> 
  </div> 
 </div> 
</div> 
<div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn"> 
 <div class="flex-col gap-1 md:gap-3"> 
  <div class="mt-1 flex gap-3 empty:hidden juice:-ml-3"> 
   <div class="items-center justify-start rounded-xl p-1 flex"> 
    <div class="flex items-center">
     The surge in on-chain initiatives among top US firms reflects a broader trend of blockchain integration across sectors. Notably, the financial industry has been at the forefront, with initiatives like spot <a href="https://www.altcoinbuzz.io/?s=bitcoin+etf" target="_blank" rel="noopener">Bitcoin ETFs</a> gaining traction to meet significant market demand. With a total of over $63 billion in assets under management.
    </div> 
   </div> 
  </div> 
  <div class="mt-1 flex gap-3 empty:hidden juice:-ml-3"> 
   <div class="items-center justify-start rounded-xl p-1 flex"> 
    <div></div> 
    <div class="flex items-center">
     Additionally, interest in on-chain government securities has spiked, driven by high yields and safe asset tokenization, with tokenized U.S. Treasury products seeing a staggering 1,000% increase since 2023, reaching $1.29 billion.
    </div> 
    <div> 
     <div class="flex-shrink-0 flex flex-col relative items-end"> 
      <div> 
       <div class="pt-0.5 juice:pt-0"> 
        <div class="gizmo-bot-avatar flex h-6 w-6 items-center justify-center overflow-hidden rounded-full juice:h-8 juice:w-8"> 
         <div class="relative p-1 rounded-sm flex items-center justify-center bg-token-main-surface-primary text-token-text-primary h-8 w-8"></div> 
        </div> 
       </div> 
      </div> 
     </div> 
     <div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn"> 
      <div class="flex-col gap-1 md:gap-3"> 
       <div class="flex flex-grow flex-col max-w-full"> 
        <div class="min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2" dir="auto" data-message-author-role="assistant" data-message-id="316db55d-1482-4b69-a176-7cdf38d5f71f"> 
         <div class="flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]"> 
          <div class="markdown prose w-full break-words dark:prose-invert light"> 
           <div class="group/conversation-turn relative flex w-full min-w-0 flex-col agent-turn"> 
            <div class="flex-col gap-1 md:gap-3"> 
             <div class="flex flex-grow flex-col max-w-full"> 
              <div class="min-h-[20px] text-message flex flex-col items-start whitespace-pre-wrap break-words [.text-message+&amp;]:mt-5 juice:w-full juice:items-end overflow-x-auto gap-2" dir="auto" data-message-author-role="assistant" data-message-id="99379f8d-253b-4f29-9c8b-1af0ca9b8138"> 
               <div class="flex w-full flex-col gap-1 juice:empty:hidden juice:first:pt-[3px]"> 
                <div class="markdown prose w-full break-words dark:prose-invert light"> 
                 <p>Among Fortune 500 companies not currently planning blockchain initiatives, a major barrier is a shortage of trusted and skilled talent. This concern has nearly doubled in share year-over-year. Additionally, there is uncertainty about how to begin implementing blockchain technology and understanding its applications. However, concerns about regulatory impacts on use cases have notably diminished over time. These factors highlight ongoing challenges that companies face in adopting blockchain despite its growing appeal and potential benefits. Here is a chart about it:</p> 
                 <p><img decoding="async" class="wp-image-142914 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cvfdgdhgh-300x149.png" alt="" width="594" height="295" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cvfdgdhgh-300x149.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cvfdgdhgh-324x160.png 324w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/cvfdgdhgh.png 620w" sizes="(max-width: 594px) 100vw, 594px"></p> 
                 <h6 style="text-align: center;"><strong>Source: <a href="https://assets.ctfassets.net/o10es7wu5gm1/2n9KtrCyq59uQ4uOCF18hi/21fd908639c6c87e9d36a994ccacda51/Q2_2024_State_of_Crypto_final.pdf" target="_blank" rel="noopener">Coinbase Report</a></strong></h6> 
                </div> 
               </div> 
              </div> 
             </div> 
            </div> 
           </div> 
          </div> 
         </div> 
        </div> 
       </div> 
      </div> 
     </div> 
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<h5><strong>Financial Sector Innovations Lead Blockchain Adoption</strong></h5> 
<p>Global payment giants like Coinbase, <a href="https://www.altcoinbuzz.io/?s=paypal" target="_blank" rel="noopener">PayPal</a>, and Stripe are also advancing the usability of stablecoins. For instance, Stripe merchants can now accept payments in USDC across multiple blockchain networks, facilitating seamless fiat conversions. Moreover, small businesses, often seen as pillars of trust in the U.S., are increasingly venturing into crypto, with 68% acknowledging its potential to address financial challenges.</p> 
<p>While acknowledging traditional finance’s progress in adopting blockchain, the U.S. must cultivate domestic talent and ensure equitable financial access. Currently, only 26% of crypto developers are based in the U.S., reflecting a decline in market share over the past five years. Moreover, with <a href="https://www.altcoinbuzz.io/?s=stablecoin" target="_blank" rel="noopener">stablecoin</a> transaction volumes hitting new highs and annual settlement volumes surpassing $10 trillion, there’s a growing consensus among F500 executives on the benefits of stablecoins and asset tokenization for faster, cost-effective transactions.</p> 
<p>Despite these advancements, regulatory clarity remains a critical hurdle. Stablecoins, in particular, have faced scrutiny due to a lack of comprehensive regulations, with significant implications for market stability and investor protection. However, momentum continues to build, driven by innovations like USDC and USDT-backed by substantial reserves in U.S. Treasury bills. As the crypto landscape evolves, establishing clear regulatory guidelines will be pivotal in sustaining growth and leadership in the global crypto economy. Here is a chat about it:</p> 
<p><img decoding="async" class="wp-image-142916 aligncenter" src="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/csdvfdsbthtjty-300x180.png" alt="" width="605" height="363" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2024/06/csdvfdsbthtjty-300x180.png 300w, https://www.altcoinbuzz.io/wp-content/uploads/2024/06/csdvfdsbthtjty.png 463w" sizes="(max-width: 605px) 100vw, 605px"></p> 
<h6 style="text-align: center;"><strong>Source: <a href="https://assets.ctfassets.net/o10es7wu5gm1/2n9KtrCyq59uQ4uOCF18hi/21fd908639c6c87e9d36a994ccacda51/Q2_2024_State_of_Crypto_final.pdf" target="_blank" rel="noopener">Coinbase Report</a></strong></h6> 
<p>Here is the <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/coinbase-report-fortune-100-on-chain-innovation-part-2/" target="_blank" rel="noopener">second part</a> of the article.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="alignnone size-full wp-image-123700" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg" sizes="(max-width: 1197px) 100vw, 1197px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg 1197w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner-1068x132.jpg 1068w" alt="" width="1197" height="148"></a></p> 
<div class="youtube-embed" data-video_id="bh5zM_GCYaw">
 <iframe title="Buy Coins, Wait Coins - 3 Altcoin Gems 💎" width="696" height="392" src="https://www.youtube.com/embed/bh5zM_GCYaw?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/coinbase-report-fortune-100-on-chain-innovation-part-1/">Coinbase Report: Fortune 100 On-Chain Innovation – Part 1</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Coinbase Report: Fortune 100 On-Chain Innovation – Part 1

Altcoin Buzz

Other articles published on Jun 13, 2024

Bitcoin Bulls Eye $71,300 Breakout

SEC Chair Gensler Anticipates Ethereum Spot ETF Approval This Summer

Invest Now! Harness the Potential of 2024’s Top Crypto Presales for Massive Growth

Curve Founder Dumps $141M In CRV; What’s In Michael Egorov’s Mind?

Cryptocurrency Market Reacts to FED Interest Rate Decision

Cardano Price Faces Severe Selling Pressure as Bears Continue Domination

Join our free newsletter for daily crypto updates!