Stablecoins are playing a growing role in payroll and everyday payments, Cointelegraph reported on Feb. 17, citing BVNK.
A global survey commissioned by BVNK and conducted by YouGov found that 39 percent of crypto users and potential users in 15 countries receive income in stablecoins, while 27 percent use them for everyday payments.
Stablecoin holders keep an average $200, and the figure reached about $1,000 in high-income countries. The survey found 77 percent would open a stablecoin wallet if offered by their main bank or a fintech firm. It also found 71 percent want to use a stablecoin-linked debit card.
Those who receive income in stablecoins take about 35 percent of their annual income in stablecoins. The survey found that using stablecoins for cross-border remittances can cut fees by 40 percent compared with traditional methods.
Chi-gyu Hwang
delight@d-today.co.kr