A study shows stablecoins have cut money transfer costs by 40%, gaining traction for everyday transactions and savings.
A recent study conducted by BVNK, Coinbase, and Artemis highlights the transformative role of stablecoins in financial transactions, revealing they have reduced money transfer costs by an impressive 40%. These digital assets, initially used for crypto trading, are increasingly being adopted for everyday payments, salaries, and savings.
To gain insights into stablecoin usage, the researchers surveyed 4,658 holders and potential users across 15 countries. The findings suggest that while there is a strong intention to use stablecoins, real-world acceptance remains a challenge.
— BVNK (@BVNKFinance) February 17, 2026
More than half of the surveyed individuals reported owning stablecoins in the past year, and 56% intend to expand their holdings in 2023. The demographic of stablecoin holders skews younger, with over half aged between 18 and 34, and a predominance of male users (60%). However, in low- and middle-income nations, the gender disparity is less pronounced, with 43% of holders being female.
Savings Patterns
On average, stablecoin users allocate about one-third of their savings to these assets. This trend is particularly prominent in emerging markets, where stablecoins serve as a safeguard against currency instability and inefficient cross-border transactions. Notably, Africa is leading in both stablecoin ownership and intentions to increase investments.
Usage for Spending and Transfers
Among stablecoin holders, 27% use them for direct purchases, while 45% convert them to local currencies. A significant portion of respondents (over 25%) reported spending or converting their assets shortly after receipt, and two-thirds do so within months. The demand for merchants to accept stablecoins is high, with 52% of holders making purchases specifically because stablecoins were accepted.
For freelancers and gig economy participants, stablecoins represent about 35% of their annual income. Nearly three-quarters of respondents stated that stablecoins have enhanced their ability to engage with international clients, leading to increased sales and a wider customer base.
Despite the benefits, users face challenges, including the irreversibility of transactions, transaction complexity, and confusion surrounding blockchain technologies and wallet management. Users desire stablecoin payments to mirror traditional financial services, with universal acceptance, transparent fees, and robust consumer protection.
Experts believe that developing the necessary infrastructure could shift the perception of stablecoins from niche crypto assets to a form of digital cash that is convenient and borderless. Ripple President Monica Long has even predicted a closer integration of stablecoins with the banking system in the near future.
