Visa survey says nearly half of APAC consumers open to using stablecoins by 2031
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
A Visa survey reveals that nearly half of Asia-Pacific (APAC) consumers are likely to use stablecoins within the next five years, up from 16% who used them in the past year. Despite rising interest, only 6% of respondents clearly understand how stablecoins operate, with concerns about fraud and scams cited as the main barriers. Visa highlights a growing consumer interest in using stablecoins for everyday purchases, travel, and cross-border money transfers.
Why it matters
The survey points to a significant potential market opportunity for payment providers in the APAC region, which has about 2.5 billion middle-class consumers and already leads in stablecoin flows and on-chain activity. Visa is aiming to convert growing consumer interest into trusted and scalable payment solutions using stablecoins. The source does not elaborate further on broader market or policy impacts.
Key context
The survey was conducted by Visa, targeting 14,250 respondents in APAC. It found that while nearly half of consumers are open to using stablecoins soon, many have misconceptions about their use, often thinking stablecoins are only for exchanging other cryptocurrencies. Visa has expanded its stablecoin settlement network and is working with partners like Reap to enable local-currency stablecoins for round-the-clock foreign exchange settlement in the region.
Key numbers and entities
Visa (V) conducted the survey of 14,250 people in APAC. About 46% of respondents indicated likely stablecoin use within five years, and 16% used stablecoins in the past year. Only 6% accurately understood how stablecoins work. The Asia-Pacific region includes about 2.5 billion middle-class consumers. Visa’s APAC digital currencies head is Nischint Sanghavi.
What remains unclear
The source does not specify the exact countries surveyed within APAC, nor does it detail the demographic or economic segments of respondents. The practical steps Visa plans to take to address consumer fraud concerns or how regulatory environments might impact adoption are not discussed. The survey’s methodology beyond sample size is also not provided.