Visa Survey: 46%Asia-Pacific respondents say they may use stablecoins in the coming 5 year, but only 6%understand how they work
BIBIBI
AT A GLANCE
Visa The survey states that 46%respondents in Asia-Pacific may use stablecoins in the coming 5 years, but only 6%correctly understand how they work.
Article
Visa Survey: Asia-Pacific 46%consumers may use stablecoins in the coming 5 year, but only 6%truly understand how they work
BlockBeats news,October 10，Visa conducted a survey of 14,250 consumers in Asia-Pacific, which showed that 46%of respondents said they might use stablecoins in the coming 5 year, exceeding the 12 who had actually used stablecoins in the past 16%; another 49%of respondents believe that, in the coming 5 years, stablecoins may become a common method for cross-border money transfers.
The survey shows that consumer interest in stablecoins is growing, but there remains a clear knowledge gap. Only 6%of respondents correctly understand how stablecoins work, while around half believe stablecoins can only be used to buy and sell other cryptocurrencies. Among those who are aware of stablecoins but have not yet used them, fraud and scam risks are the primary concern.Visa Head of Digital Currencies for Asia-Pacific, Nischint Sanghavi, said that consumers are gradually recognizing the potential of stablecoins for everyday spending, travel, and cross-border remittances.Visa believes that the next key step is to turn market interest into payment experiences that are trustworthy, familiar, and scalable.
Original link https://m.theblockbeats.info/flash/371107
Key points
01
Visa conducted a survey of 14,250 consumers in Asia-Pacific.
02
46%of respondents said they may use stablecoins in the coming 5 year, while 16%had actually used stablecoins in the past 12 months.
03
49%of respondents believe that, in the coming 5 years, stablecoins may become a common method for cross-border money transfers.
04
Only 6%of respondents correctly understand how stablecoins work, while around half believe stablecoins can only be used to buy and sell other cryptocurrencies.
05
Among respondents who are aware of stablecoins but have not yet used them, fraud and scam risks are the primary concern.
06
Visa Nischint Sanghavi, Head of Digital Currencies for Asia-Pacific, said that consumers are gradually recognizing the potential of stablecoins for everyday spending, travel, and cross-border remittances.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The survey shows that many respondents are open to using stablecoins in the future, but few truly understand how they work. Future intent to use does not necessarily mean actual use, and fraud and scam risks remain an important concern.
Why it matters to readers
The survey highlights potential interest in using stablecoins in Asia-Pacific and a clear knowledge gap, while also indicating that cross-border remittances may be an application area of interest to respondents.
Beginners should distinguish between “may use” and “have already used,” and note that most respondents do not yet correctly understand stablecoin mechanisms. Before using them, they need to understand how they work and the risks of fraud.
Risks and unknowns
The original text does not provide methodological details such as the questionnaire, sampling method, or distribution of respondents across markets.
It remains unclear whether respondents’ stated intention to use stablecoins in the future will translate into actual use.
The original text does not specify the criteria for determining whether respondents “correctly understand how stablecoins work.”
The original text does not provide the Visa original survey report for verification.
Related Developments
Loading event timeline…
Related concepts
Stablecoin
An asset that seeks to track a reference value and is subject to risks including depegging, reserves, and redemption.
