A global survey commissioned by payments firm BVNK reveals significant stablecoin usage for income and payments. The data shows 39% of crypto users receive income in stablecoins, while 27% use them for daily purchases, driven by lower fees and faster cross-border transfers. Interest in bank-integrated stablecoin wallets and linked debit cards is high, with adoption rates strongest in emerging markets and Africa.
A recent global survey found stablecoins are becoming integral for income and payments among cryptocurrency users. The data, commissioned by payments infrastructure provider BVNK, indicates 39% of respondents receive income in these assets.
Those earnings represent roughly 35% of annual income on average for those users. Furthermore, 27% utilize stablecoins for everyday payments, citing significantly lower fees and faster transfers.
The survey covered 4,658 adults across 15 countries who hold or plan to acquire crypto. It found stablecoin users hold a global average of about $200, though that figure rises to around $1,000 in high-income economies.
Ownership was markedly higher in middle- and lower-income economies, reaching 60% compared to 45% in wealthier nations. Africa recorded the highest ownership rate at 79%, alongside the strongest reported growth in holdings over the past year.
A strong majority, 77% of respondents, would open a stablecoin wallet if offered by their primary bank or fintech provider. Additionally, 71% expressed interest in using a linked debit card to spend their stablecoin balances.
The data suggests users prefer managing these assets on exchange platforms, payment apps with crypto features, or mobile wallet apps. A BVNK spokesperson said respondents tend to hold a range of dollar- and euro-pegged tokens rather than relying on a single issuer.
This trend aligns with increasing regulatory clarity and enterprise activity in the sector. According to recent announcements, global payroll platform Deel will begin offering stablecoin salary payouts through a partnership with MoonPay.
Enterprise payments network Paystand also recently acquired stablecoin payroll platform Bitwage. The total stablecoin market capitalization currently stands at $307.8 billion, up from $260.4 billion in mid-July 2024.
