56% of Americans: "Will Use Stablecoins If They Prevent Fraud and Offer Deposit Insurance Benefits"

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A survey has revealed that the biggest obstacle to stablecoin popularization is not technology but a lack of trust.

According to cryptocurrency media outlet CryptoPotato on September 27 (local time), global payment company Visa Inc. (V) released a report analyzing the global remittance market. The survey results showed that 56% of adult respondents in the US would be willing to use stablecoins if they offered fraud prevention measures and deposit insurance benefits comparable to traditional banks. In contrast, willingness to use them in their current state, without such safeguards, was only 36%. In Latin America, willingness to use also more than doubled from 34% to 74% if protective measures were in place.

Public trust was more dependent on the entity providing the service than on the technology itself. 64% of US respondents said that trust in a payment method depended more on the provider than on the technology itself. When offered through existing financial institutions, the willingness to use stablecoins rose to 45%. Furthermore, 56% of Americans reported never having heard the term "stablecoin." Many of those who were aware of it misunderstood it as an asset with highly volatile prices, like Bitcoin (BTC).

Exposure to fraud during the remittance process also fueled the demand for safety nets. 36% of US remittance users reported experiencing fraud during international money transfers. 44% of respondents expressed anxiety about AI deepfake scams impersonating family members. The percentage of respondents willing to accept a 24-hour delay in remittances for secure fund protection was 45% in the US and 68% in Japan. Vira Platonova, Head of Visa Direct, stated, “The future of the industry will be owned by providers who are most dedicated to earning trust.”

Meanwhile, Visa is rapidly expanding its stablecoin payment infrastructure within its own ecosystem. It is an early validator for Circle's Arc blockchain and processed over 90% of the $18 billion worth of virtual asset-linked card payments as of 2025. It is expanding its payment network by adding PYUSD and other stablecoins as settlement methods. With the US Congress's GENIUS Act (stablecoin regulation bill) on the horizon, the establishment of institutional-level consumer protection measures is expected to be a key factor for the full adoption of stablecoins.

[Article Summary]

-A Visa survey found that 56% of Americans would use stablecoins if bank-level safeguards were provided.

-64% of respondents cited the providing institution rather than technology as the basis for trust, and more than half were completely unaware of stablecoins.

-Amid growing concerns about fraud, the GENIUS Act and the introduction of institutional regulatory frameworks are seen as key turning points for commercialization.

*Disclaimer: This article is for informational purposes only and is not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*