Visa study offers clues on what’s holding back stablecoin payments

Homepage > News > Finance > Visa study offers clues on what’s holding back stablecoin payments TL:DR: A survey conducted by Visa involving 14,250 consumers in the Asia-Pacific region reveals that 46% expect to use stablecoins within five years. However, only 6% of respondents actually understand what stablecoins are. Scams and confusion are significant barriers to adoption, and consumers express a greater trust in governments and banks. Key Takeaways: Interest in stablecoins is high, with 46% of Asia-Pacific respondents likely to use them within five years, but only 16% used them in the past 12 months. Almost half of consumers aware of stablecoins (49%) mistakenly believe they are only for trading other cryptocurrencies. Awareness far outpaces understanding, as 66% have heard of stablecoins while only 6% accurately understand how they work. For someone sending money to family overseas, the priorities are straightforward: what it costs, when it arrives, and whether it gets there safely. A new payment option has to earn that trust before it becomes part of daily life. Stablecoins are attracting interest across the Asia-Pacific, according to Visa’s (NASDAQ: V) latest Consumer...