According to the survey, 69% of respondents converted their local currency to stablecoins, while 39% purchased goods or services using tokens and sent money internationally.
Users prefer stablecoins on blockchains over traditional banking due to efficiency, yield potential, and reduced government interference, highlighting a shift in financial practices.
Nic Carter emphasized that their research provided crucial data on stablecoin usage in emerging markets, showing that they play an integral role in everyday economic activities.
The findings confirm that stablecoins are not just tools for trading; they are increasingly integrated into the everyday financial lives of individuals in emerging markets.
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