A Visa survey of 14,250 consumers across the Asia-Pacific region found that 46% of respondents said they may use stablecoins in the next five years, compared with 16% who said they had actually used stablecoins in the past 12 months. Another 49% said stablecoins could become a common way to move money across borders over the same period. The results point to rising interest in the payment asset class, but they also show a large knowledge gap. Only 6% of respondents correctly understood how stablecoins work, while about half believed stablecoins can only be used to buy and sell other cryptocurrencies. Among people who know about stablecoins but have not used them, fraud and scam risks were identified as the main concern. Nischint Sanghavi, Visa’s head of digital currencies for Asia-Pacific, said consumers are starting to recognize the potential use of stablecoins in everyday spending, travel, and cross-border transfers. Visa said the next step is to turn that interest into payment experiences that are trusted, familiar, and able to scale.
Visa said on Oct. 10 that a survey of 14,250 consumers across the Asia-Pacific region found 46% of respondents may use stablecoins within the next five years. That figure was higher than the 16% who said they had actually used stablecoins in the past 12 months.
The survey also found that 49% of respondents believe stablecoins could become a common method for cross-border money transfers over the next five years.
Interest is rising, but understanding remains limited
According to the survey, consumer interest in stablecoins is growing, but there is still a clear gap in understanding. Only 6% of respondents correctly understood how stablecoins work, and about half said they believe stablecoins can only be used to buy and sell other cryptocurrencies.
Among people who are aware of stablecoins but have not used them, fraud and scam risk was the top concern.
Visa points to payment use cases
Nischint Sanghavi, Visa’s head of digital currencies for Asia-Pacific, said consumers are gradually recognizing the potential of stablecoins in everyday spending, travel, and cross-border transfers.
Visa said the next step will be to convert that market interest into payment experiences that are trusted, familiar, and scalable.
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