AI · CoinDesk
Visa survey confirms nearly half of APAC consumers open to tapping stablecoins by 2031
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There is growing consumer interest in the Asia-Pacific (APAC) region in using stablecoins for everyday spending, travel and cross-border transfers, according to a new survey conducted by Visa (V).
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- The study found that 46% of consumers interviewed are likely to use stablecoins within the next five years, compared with 16% who have used them in the past 12 months
- Only 6% of respondents demonstrated an accurate understanding of how stablecoins work, Visa said, while 49% of people aware of them thought they could only be used to buy and sell cryptocurrencies
- We're seeing a meaningful shift in how consumers across Asia Pacific think about stablecoins," said Nischint Sanghavi, head of digital currencies at Visa’s APAC division
Summary
Nearly half of Asia-Pacific consumers are likely to use stablecoins within five years, up from 16% who used them in the past year, according to a Visa survey. Only 6% of respondents accurately understood how stablecoins work, while concerns about fraud and scams remained the leading barrier to adoption. Consumers are increasingly interested in using stablecoins for everyday purchases, travel and cross-border transfers, creating a significant opportunity for payment providers. The payments giant said it found that nearly half of APAC’s 2.5 billion consumers are open to start using fiat-pegged cryptocurrencies within the next five years.