Stablecoin Usage Grows in Middle- and Low-Income Countries

A recent survey involving 4,658 cryptocurrency users from 15 countries reveals significant insights into stablecoin usage. According to NS3.AI, 39% of participants receive a portion of their income in stablecoins, which constitutes an average of 35% of their annual earnings. Additionally, 27% of respondents utilize stablecoins for daily transactions, drawn by the benefits of lower fees and expedited international transfers, which offer approximately 40% savings on fees compared to traditional methods. The survey highlights that stablecoin ownership is notably higher in middle- and low-income countries, with Africa leading at a 79% ownership rate. This trend underscores the growing reliance on stablecoins in regions where traditional banking services may be less accessible or more costly.