Almost half of consumers across the Asia Pacific region say they could use stablecoins within five years. Yet very few can explain what a stablecoin actually is, per CoinDesk's report on a new Visa survey.

📌 The news

Visa surveyed 14,250 people across the region. 46% said they are likely to use stablecoins like $USDC within five years, and 16% said they used one in the past 12 months.

🔍 Why it matters

• APAC has about 2.5 billion middle-class consumers, per the Asia Business Council, so 46% would be about 1.2 billion people

• Around 49% think stablecoins could become a common way to send money across borders

• Visa has expanded its stablecoin settlement network and plans to support more tokens and chains

📊 The numbers

• Only 6% correctly understood how stablecoins work

• About half believed stablecoins can only be used to trade other crypto

• Fraud and scams were the top barrier named by people who knew about stablecoins but had not used them

⚖️ Bull vs bear case

Bull: interest is already high before most people understand the product, and big payment brands are building the rails.

Bear: low understanding plus fear of scams is a recipe for slow adoption, and one bad fraud wave could set it back.

👀 What to watch next

• Local-currency stablecoins, such as the Hong Kong dollar, won and yen tokens Visa partner Reap is preparing

• Whether wallets make stablecoins feel like normal payments, not crypto trades

• Whether the share of past-year users, now 16%, rises in Visa's next survey

• How regulators in Hong Kong, Korea and Japan treat local stablecoin issuers

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💡 My take: In my opinion the 6% figure is the real headline. Adoption here will depend less on crypto features and more on familiar apps hiding the complexity and protecting users from scams.

💬 What would make you use stablecoins for everyday payments?

#Stablecoins #Visa #Payments