A global survey found that 39% of crypto users receive income in stablecoins, with 27% using them for payments due to lower fees and faster transfers. The survey of 4,658 respondents revealed that stablecoin users hold an average of $200 globally, with 77% willing to open a wallet with their bank or fintech provider.

Individuals who receive income in stablecoins report that the assets make up 35% of their annual earnings on average, while those using them for cross-border transfers save about 40% in fees compared to traditional methods. Over half of crypto holders have made purchases because merchants accept stablecoins, with 42% wanting to use them for major purchases.

In middle- and lower-income economies, 60% of respondents hold stablecoins, compared to 45% in high-income economies. Ownership is highest in Africa at 79%, with the region experiencing the strongest increase in holdings over the past year. Respondents tend to hold multiple dollar- and euro-pegged stablecoins across various platforms, with 46% preferring exchange platforms.

Stablecoins are increasingly integrated into global payroll systems following the passage of the GENIUS Act in the US and Europe’s Markets in Crypto-Assets Regulation. Deel will offer stablecoin salary payouts through a partnership with MoonPay, allowing employees to receive wages in stablecoins to non-custodial wallets. Enterprise activity in the sector has also accelerated, with Paystand acquiring Bitwage to expand digital asset settlement options.

Read more at Cointelegraph: BVNK Survey Finds 39% Receive Income in Stablecoins