Visa Study: Stablecoin Adoption Hinges on Bank-Like Protections

VERA Brief

AI-generated. Grounded in the article and its cited sources.

A Visa study found that U.S. consumers are more likely to use stablecoins for cross-border transactions if they have bank-like protections. This suggests that features such as fraud protection and deposit insurance could increase stablecoin adoption.

Key facts

• A Visa survey indicates U.S. consumers would be more inclined to use stablecoins for cross-border transactions with bank-level protections.
• The percentage of Americans open to using stablecoins for cross-border transactions rises from 36% to 56% with hypothetical protections.
• These protections include fraud protection and deposit insurance.
• The study highlights a key barrier to wider stablecoin adoption in the U.S.
• Features mirroring security assurances of established financial institutions could foster greater trust and usability.