A new global study by BVNK has revealed that stablecoins are rapidly evolving from niche crypto assets into practical, everyday financial tools used by individuals worldwide. According to BVNK’s Stablecoin Utility Report, stablecoins are increasingly being used for real-world purposes such as receiving payments, purchasing goods and services, and transferring money internationally. The report, conducted by YouGov in partnership with Coinbase and Artemis, surveyed more than 4,600 crypto users and early adopters across 15 countries to understand how stablecoins are reshaping financial behavior.
Stablecoins are digital currencies pegged to the U.S. dollar, designed to maintain price stability while enabling fast and secure transactions. The report found that stablecoins are no longer limited to speculative trading, but are now widely used for practical financial activities. Many users are turning to stablecoins as a faster, more affordable, and more reliable alternative to traditional payment methods, particularly in regions where financial systems are slow or expensive.
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One of the most notable findings is the growing use of stablecoins as a source of income. The study found that 39% of respondents reported receiving payments in stablecoins, either professionally or from personal sources. For many users, stablecoins represent a significant portion of their income, accounting for approximately 35% of their annual earnings. Respondents also reported major benefits, including faster cross-border transactions, improved international business opportunities, and average fee savings of 40% compared to traditional remittance services.
Stablecoins are also becoming a common payment method for everyday transactions. Around 27% of stablecoin holders reported using them regularly for purchases, with many users maintaining balances specifically for spending rather than saving. The report found that more than half of crypto users had made purchases because merchants accepted stablecoins, highlighting the growing demand for broader payment acceptance. Users cited lower transaction fees, increased security, and global accessibility as key reasons for preferring stablecoins over traditional payment methods.
The study also revealed strong interest in further integration of stablecoins with traditional financial services. A significant majority of respondents said they would be willing to use stablecoins more frequently if they were integrated into banking apps or linked to debit cards. This indicates growing demand for seamless connections between stablecoins and existing financial infrastructure, which could accelerate mainstream adoption.
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Stablecoin adoption has been particularly strong in emerging markets across South America, Asia, and Africa, where financial instability and limited banking access have driven demand for alternative financial solutions. In Africa, nearly 79% of crypto-native users reported holding stablecoins, reflecting their growing importance as a tool for financial inclusion and stability. However, adoption is also increasing in developed economies such as the United States, United Kingdom, and Europe, where users are increasingly recognizing the efficiency and convenience of stablecoin-based payments.
Industry leaders believe this shift represents a major turning point in global finance. Chris Harmse, co-founder of BVNK, noted that stablecoins are solving real-world payment challenges by offering faster, more secure, and more affordable money transfers. He emphasized that users are already relying on stablecoins for everyday financial activities and are seeking greater integration with traditional financial systems.
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As regulatory frameworks evolve and financial institutions explore new digital payment solutions, stablecoins are increasingly being viewed as a practical upgrade to existing payment systems. The report suggests that stablecoins are moving beyond early adoption and are on track to become a mainstream financial tool, transforming how people and businesses move money globally.
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