Visa survey says nearly half of APAC consumers open to using stablecoins by 2031
A new Visa survey indicates that nearly half of consumers in the Asia-Pacific region are open to using stablecoins for payments within the next five years. Despite this interest, the study highlights a significant knowledge gap, as many users still misunderstand the utility of stablecoins beyond cryptocurrency trading.
Why it matters
This suggests a major shift in digital payment adoption and financial infrastructure in the APAC region, signaling potential growth for fintech and blockchain-based payment solutions.
The payments giant said it found that nearly half of APAC’s 2.5 billion consumers are open to start using fiat-pegged cryptocurrencies within the next five years.
"We're seeing a meaningful shift in how consumers across Asia Pacific think about stablecoins," said Nischint Sanghavi, head of digital currencies at Visa’s APAC division.
Sanghavi explained that although consumers have limited knowledge of stablecoins, they are increasingly interested in adopting them.
About half of the 14,250 people Visa surveyed said they believed stablecoins could only be used to buy or sell other cryptocurrencies.
The study found that 46% of consumers interviewed are likely to use stablecoins within the next five years, compared with 16% who have used them in the past 12 months. About 49% of them believe stablecoins could become a common way to move money across borders within the next five years.
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