Visa's Asia-Pacific stablecoin survey
Where it stands now. Visa's survey found 46% of Asia-Pacific consumers may use stablecoins within five years, though only 6% showed an accurate understanding of how they work.
The record 1 development
Visa survey: 46% of Asia-Pacific consumers may use stablecoins
What happened. A Visa survey of 14,250 consumers in 14 Asia-Pacific markets found 46% may use stablecoins within five years. 16% said they had used them in the past 12 months, and 6% showed an accurate understanding of how they work.
Why it matters. Visa said concerns about fraud and scams were the most common barrier for people who know of stablecoins but have not used them. Visa's head of digital currency for Asia Pacific, Nischint Sanghavi, said the opportunity is to turn this interest into a trusted payment experience.
- About half of those surveyed think stablecoins can only be used to buy and sell other cryptocurrencies.
- About 49% think stablecoins could become a common way to send money across borders within five years.
- Visa's partner Reap is preparing local-currency stablecoins for markets including Asia, possibly Hong Kong dollar, Korean won and Japanese yen tokens.
Read the originals (4), usually in their own language
- 46% of Asia-Pacific consumers 'likely to use stablecoins within 5 years' · TokenPost, headline translated by us
- Visa says nearly half of Asia-Pacific consumers want to use stablecoins in the next 5 years · Siam Blockchain, headline translated by us
- Visa Asia-Pacific survey: 46% want to use stablecoins, only 6% truly understand them · BlockTempo, headline translated by us
- Visa APAC Survey: Nearly Half of Consumers May Use Stablecoins Within Five Years, Only 6% Truly Understand Them · TechFlow