Global Stablecoin Adoption Rises as Lower Fees and Faster Cross-Border Transfers Prove Attractive

A survey commissioned by payments infrastructure firm BVNK has shed light on the growing adoption of stablecoins globally. Conducted across 15 countries, the study found that 39% of crypto users and prospective users receive a portion of their income in stablecoins.

The primary reasons for using stablecoins were cited as lower fees and faster cross-border transfers. In contrast to high-income economies, where average stablecoin wallet holdings stood at around $1,000, lower- and middle-income economies saw an ownership rate of 60%, significantly higher than the global average of 39%.

Africa led the way with an impressive 79% stablecoin ownership rate. The survey also highlighted a substantial increase in reported holdings across various regions.