Up to 1.2 Billion Consumers in Asia-Pacific May Use Stablecoins by 2031

Odaily reports: A survey by payment technology company Visa shows that nearly half of consumers in the Asia-Pacific region may use stablecoins within the next five years, higher than the 16% who actually used stablecoins in the past year.

The survey shows that only 6% of respondents accurately understand how stablecoins work, and concerns about fraud and scams remain the primary obstacle to stablecoin adoption. Consumer interest in using stablecoins for everyday spending, travel payments, and cross-border transfers is increasing. (CoinDesk)