2026年稳定币效用报告-全球消费者如何利用稳定币释放资金价值-

StablecoinUtil汁yReport2026

Howglobalconsumersusestablecoinstounlocktheirmoney.

Overview

Contributors04

Methodology05

Whatarestablecoins?06

03

Inthisreport

07

Executivesummary

Keyfindings

11

Foreword

12

Owningstablecoins13

Managingstablecoins20

Spendingstablecoins26

Gettingpaidinstablecoins37

Paymentexperience41

52

Appendix

BVNK

STABLECOINUTILITY2

REPORT2026

Overview

STABLECOINUTILITY3

REPORT2026

Contributors

BVNK

BVNKisthestablecoin-poweredfinancialstackforenterprises.Buildfinancial

products.Unlocknewmarkets.

Movemoneyinsecondsacross130+

countries.TrustedbygloballeaderslikeWorldpay,DeelandFlywire,processingbillionsannually.

YOUGOV

YouGovisaninternationalonline

researchdataandanalyticstechnologygroup.Itsmissionistosupplyaccuratedataandinsightsintoglobalopinions,enablinginformeddecision-making.

Throughitsglobalonlinepanel,YouGovoffersacomprehensivesuiteofresearchsolutions,fromsyndicatedtoolsto

customizedtrackers.

coinbase

Coinbaseisonamissiontoincreaseeconomicfreedomfor1billionpeople.

Weprovideatrustedplatformandcriticalinfrastructuretoupdatethefinancial

system,makingcryptoeasyandaccessibleworldwide.

Artemisisthepremieranalyticsplatformforblockchaindata.IndustryleaderslikeVisa,Grayscale,Pantera,VanEck,TetherandmoretrustArtemistohelpthem

understandwhatisreallyhappeningonchainandoffchain.

NaomiBarber

ChrisHarmse

Co-Founder&ChiefBusinessOfficer

AlecLovett

HeadofDeveloperProductGroup

AnthonyYim

Co-Founder&CEO

AssociateDirector,FinancialServicesResearch

NickiCho

GlobalContent&BrandComms

JohnTurner

ProductLead,Stablecoins

AndrewVanAken

DataScientist

MatthewPalframan

Director,FinancialServicesResearch

STABLECOINUTILITYREPORT2026

BVNK

OVERVIEW4

CONTRIBUTORS

Regionalcoverage

Methodology

Throughoutthisreport,weanalyzedataacross15countriesgroupedinto7regions.

Whereaggregatedforcomparison,wegroupbytheirWorldBankincomeclassifications.

YouGovsurveyed4,658adultsaged18+yearsacross15countries.

Allrespondentseithercurrentlyhold/held

cryptocurrencyincludingstablecoinsinthelast

12months,orintendtoacquirecryptocurrencyincludingstablecoinsinthenext12months.

ThesamplewassourcedfromYouGov’spanelofpreferredsuppliers.FieldworkconductedonlinebyYouGovSeptember–October2025.

Highincomeeconomies

Lowandmediumincomeeconomies

Asia-Pacific

Australia

NorthAmerica

USA

SoutheastAsia

PhilippinesSingaporeThailand

SouthAsia

India

Africa

NigeriaS.Africa

Europe

UK

France

Germany

LatinAmerica

Brazil

ArgentinaColombiaMexico

OVERVIEW

METHODOLOGY

5

STABLECOINUTILITYREPORT2026

Whatare

stablecoins?

Thestablecoinmarkethasgrowntoover

$300

Stablecoinsareatypeofdigitalcurrencydesignedtomaintainastablevalueby

beingpeggedtoareserveasset,suchasafiatcurrencyliketheUSdollar.

ExamplesincludeUSDCoin(USDC),

Tether(USDT)andPayPalUSD(PYUSD).

UnliketraditionalcryptocurrenciessuchasBitcoin,whichfluctuateinvalue,stablecoinsaimtostayat$1,makingthemusefulforpaymentsandtransfersratherthaninvestmentorspeculation.Transactionsoccurdirectlyondigitalledgers(blockchains)

insteadofmovingthroughtraditionalbankingsystems,allowinguserstosendandreceive

paymentsgloballyinsecondsratherthandays.

Stablecoinsprovideconsumerswithglobalpurchasingpowerregardlessoflocalcurrency

limitations,whilebusinessesbenefitfromfastercross-bordertransactionsandaccesstonew

markets.Regulatoryframeworksareevolvinginseveralcountries,includingthe

GENIUSAct

intheUnitedStates,toenablemainstreamadoption.

billion

STABLECOINUTILITYREPORT2026

BVNK

OVERVIEW6

WHATARESTABLECOINS?

Executivesummary

STABLECOINUTILITY7

REPORT2026

BVNK

REPORT2026

STABLECOINUTILITYEXECUTIVESUMMARY8

56%

intendtoaquiremorestablecoinsinthe

next12months.

heldstablecoins

inthelast12months.

54%

13%

Stablecoin

holdingsarerisingfast.

donotholdstablecoins,butintendtoaquire.

Halfofstablecoinholdersincreasedtheirholdingsinthelast12months.Overhalf(56%)plantoacquiremoreinthenextyear,while13%ofnon-ownersintendtostart.Ownershipskewsyoungandentrepreneurial.Menaremorelikelytoownstablecoins(60%),exceptinAfrica

wherewomenareequallylikely(51%).

Stablecoinshave

becomeanimportantpartofmodernwealth.

Stablecoinholdersarewillingtoallocateone-thirdof

theirsavingstocryptoandstablecoins.Thosewho

getpaidinstablecoins(freelancers,gigworkers,

marketplacesellers)receivearound35%oftheirincomethisway.3in4sayithasincreasedtheirabilitytodo

businessinternationally.DesiretogetpaidinstablecoinsishighestinAfricaandAPAC.

annualearningsreceivedinstablecoins(mean).

35%offreelancerandseller

BVNK

REPORT2026

STABLECOINUTILITYEXECUTIVESUMMARY9

Forwallets,exchangesdominate,butbanksandfintechshavea

strongrighttoplay.

Centralizedexchangesremaintheprimarywaythatconsumersacquireandmanagestablecoins.Buttrustintraditionalfinancerunsdeep:77%

wouldopenastablecoinwalletiftheirbankorfintechappofferedone.

wouldopenastablecoinwalletiftheirbankor

fintechappofferedone.

BVNK

REPORT2026

STABLECOINUTILITYEXECUTIVESUMMARY10

28%convertorspend

23convertorspend

%within1to3weeks.

stablecoinswithindays.

Stablecoinuserswantmainstreampayment

behaviour.

Lowerfees(30%),security(28%),

andglobalaccess(27%)drivecurrent

adoptionofstablecoinpayments.But

holdersdislikecomplexity–toomany

steps,networkchoices,irreversible

transactions.Thegapisclear:consumerswantstablecoinpaymentstoworklike

anyotherpayment.Universalacceptance,seamlessUX,built-inconsumer

protection.Nocompromises.

convertor

spendwithin1to2months.

16%

They’renotstuckinwallets.

Mostholdersconvertorspendquickly–morethan1in4(28%)dosowithindays.Merchantacceptanceisacriticalblocker.Desiretospendstablecoinsexceedsactualspendingineveryspendcategorywe

tested,andalmost3in4(71%)arelikelytouseacardtospendtheirstablecoins.Stablecoinacceptancedrivesnewcustomeracquisition:

halfofstablecoinholdershaveboughtsomethingfromabusinessspecificallybecauseitacceptedstablecoins.

Stablecoinsmove.

wanttospendcryptoonmajorpurchases.

currentlydo.Thespendinggap

42%

28%

Foreword

There’s

Whatwefoundwasrevealing.Halfof

holdersincreasedtheirholdingsinthelastyear.Thosegettingpaidinstablecoins–freelancers,gigworkers,marketplacesellers–receiveaboutathirdoftheirannualincomethisway.Aroundthreequartersofcross-borderworkersreport

stablecoinshavemeaningfullyimprovedtheir

abilitytoworkinternationally.Thisisstablecoinsunlockingmoney:speedinsteadofdelay,accessinsteadofbarriers,opportunitywheretheold

systemsaidno.

Butthere’sstillagap.Thedesiretospendstablecoinsfarexceedsactualspendingacrosseverycategorywetested.Ittellsyousomethingimportant:theinfrastructureisn’ttheproblemanymore.It’sacceptanceandintegration.

Whatusersactuallywantisstraightforward.Theywantstablecoinpaymentstoworklike

thepaymentstheyalreadyknow:universal

acceptance,simpleUX,securityandconsumerprotectionbuiltin.Thethingsthatmakea

paymentmethodfeelnormal.

Withregulatoryclaritynowinplaceacrossmanymarkets,that’sbecomingpossible.

Thepiecesarethere.Companiesarebuilding.Andwhenyouunderstandwhatusersactuallyneed,thefrictionbecomessolvable.

Thisreportmapsthatterritory.It’saimedateveryonebuildinginthisspace:thequestionsinsidewilllikelylookfamiliar,andtheanswersmightreshapehowyouthinkaboutyour

stablecoinstrategy.

Ononeside,youseethemacronumbers:

hundredsofbillionsinmarketcap,trillionsinannualtransactionvolume,exponentialgrowthcurves.

Ontheotherhand,ifyou’resittinginSan

Francisco,Paris,orLondon,youmightbethinking:

WhenwasthelasttimeIpaidforsomething

instablecoins?WhendidIseea“paywith

stablecoins”optiononawebsite?Theskepticismfeelsrational.Arepeopleactuallyusingthese?

Theindustryisgoodattrackingon-chaindata.What’sbeenhardertocomebyisinsightfromstablecoinholdersthemselves:their

adisconnectinhowwetalkabout

behaviors,frictionpoints,whattheyreallywant.Theanswerstendtobeanecdotal,basedon

conversationsratherthanresearch.

IspeaktoheadsofpaymentsandCPOsatenterprisesweekly.They’reallbuildingstablecoinofferingsnow,andtheyallaskmethesame

things:Howdopeopleusestablecoinsoncetheyhavethem?Iftheyconverttofiat,howquickly?Whichmarketsshowthehighestdesiretopayinstablecoins?Whatfactorsmattermostaboutthepaymentexperience?

Thesearen’tacademicquestions.They’re

stablecoins.

ChrisHarmse

Co-Founder&ChiefBusinessOfficer,BVNK

fundamentaltoproductstrategy.Andthat’swhatwesetouttolearnmoreaboutinthisreport.

WepartneredwithYouGovtosurveyover4,600stablecoinholdersacross15countries,askingquestionsaboutusagepatternsand

preferences.Notjustownership,butbehavior:

howtheyacquirethem,whattheydowiththem,whetherthey’regettingpaidinthem,what

frustratesthem,whatthey’dchange.

BVNK

REPORT2026

STABLECOINUTILITYEXECUTIVESUMMARY11

Owningstablecoins13

Managingstablecoins20

Spendingstablecoins26

Gettingpaidinstablecoins37

Paymentexperience41

Keyfindings

STABLECOINUTILITY12

REPORT2026

Keyfindings

Owning

stablecoins

STABLECOINUTILITYREPORT2026

BVNK

KEYFINDINGS13

OWNINGSTABLECOINS

STABLECOINUTILITYREPORT2026

BVNK

KEYFINDINGS14

OWNINGSTABLECOINS

Holdings

aregrowing,

momentum

isaccelerating.

Amongrespondents,ahigherproportionownstablecoinsinlowandmiddle-incomeeconomies(60%)thaninhigh-incomeones(45%),withAfricaleadingat79%.

Averageholdingsremainmodest,

averagingunder$200globally,buthigh-

incomeeconomiesholdsubstantiallymore,around$1,000instablecoins.

STABLECOINUTILITYREPORT2026

KEYFINDINGS

OWNINGSTABLECOINS

BVNK

15

Overthelast12months,hasthetotalamountofstablecoinsyouhold,increased,decreasedorstayedthesame,comparedwiththeprevious12months?Sample:2077stablecoinowners.

Halfofstablecoinholdershave

Allmarkets

increasedtheirholdingsinthelast12months.

Only30%heldsteady.Thisgrowthis

recent:justoverhalf(51%)ofcrypto

ownersfirstacquiredtheirstablecoinsinthelasttwoyears,risingto57%acrossLatinAmerica,SoutheastAsia,South

AsiaandAfrica.

Increased

Decreased

Remainedthesame

FIG1.0Howstablecoinholdingshavechanged

Don,tknow/prefernottosay

NETAnychange55%

49%

30%

15%

7%

NETAnychange60%

Lowandmiddleincomeeconomies

54%

25%

14%

7%

Highincomeeconomies

NETAnychange46%

40%

38%

16%

7%

STABLECOINUTILITYREPORT2026

KEYFINDINGS

OWNINGSTABLECOINS

BVNK

16

Whichcryptocurrenciesdoyouhold/haveyouheldinthelast12months?/Whichcryptocurrenciesorstablecoinsdoyouplantoacquireinthenext12months.Base:4658

Intenttoownishigh,

particularlyinLatinAmerica,Africa,SouthAsiaand

SoutheastAsia.

Overhalf(56%)ofcurrentcryptoor

stablecoinownersplantoacquiremorestablecoinsinthenext12months.

Amongnon-owners,13%intendtostart.

Intentamongnon-ownersistwiceashighinlowandmiddle-incomeeconomies

comparedtohigh-incomeones.Africashowsthehighestownership(79%)andthestrongestforwardintent(76%).

High-incomeeconomiesareplayingcatchupbutintenttoownremainsstrong,withroughly1in2(48%)planningtopurchaseinthenextyear.

+

73%

Africahasthehighestincreaseintheamountofstablecoinsheldoverthelast12months.

FIG1.1Currentstablecoinownershipandintenttoacquire

●Heldstablecoininlast12months

●Intendtoacquire(more)

stablecoinsinnext12months

Intendtoacquire,donotcurrentlyholdstablecoins

60%60%

54%56%

45%

48%

8%

13%

16%

AllmarketsLowandmiddleHighincome

incomeeconomieseconomies

STABLECOINUTILITYREPORT2026

KEYFINDINGS

OWNINGSTABLECOINS

BVNK

17

Whatproportion,ifany,ofyourtotalsavings,includinginvestmentsdoyouhave/wouldyoubepreparedtohaveinstablecoins?Base:AllwhocurrentlyholdStablecoinplantoacquire,excludingPrefernottosay/Don’tknow=2088.

Stablecoinshavebecomeacorewealthallocation.

Currentandprospectivestablecoinholders

allocatearoundone-thirdoftheirsavingstocryptoandstablecoins.Thisisn’tfringebehaviour.It’s

adeliberateportfoliodecisionreflectingwhereholdersseevalue,accessandcontrol.

34%

FIG1.2Stablecoinsasproportionoftotalsavings

Overallmean

36%

Meanforlowandmiddleincomeeconomies

29%

Meanforhighincomeeconomies

48%

28%

11%10%

2%

0%Upto1/41/4to1/21/2to3/43/4toAll

Proportionofsavings

Ownershipskewsyoung,entrepreneurial,and

outsidetheWest–gender-balanced.

Morethanhalfofownersandprospectiveacquirersareaged18-34.Aroundsixintencurrentorrecent

ownersaremen,butinlowandmiddle-income

economiesthegendersplitnarrows(43:57),andinAfricait’smorebalanced(51:49).

Thoseearningthroughbusiness,entrepreneurship,oractivetradingaremorelikelytoownorshowinterest.Inlowandmiddle-incomeeconomies85%saytheir

7%

19%

country’seconomicsituationinfluencestheiruseofstablecoinsandcrypto.InAfrica,thatfigurehits92%.

FIG1.3Demographicsofstablecoinownership

54%

41%

Age

18to34

Mainincome

26%

35to44

19%19%

Business/

entrepreneurship

CurrentlyholdorheldPlantoaquire

18%

24%

12%

45to54

17%

8%

55+

3%

3%

61%

53%

18%

11%

2%3%

Remittances

Investments

Salary/wages

Others

34%

36%

30%

19%

28%

17%

Groupsofinterest

38%

22%

Workingincryptoindustry

Selling

throughonlinemarketplaces

Cryptoor

stocktrading

Freelance/

gigworker/

contentcreator

Onlinegamingandpredictionsites

BVNK

STABLECOINUTILITYREPORT2026

KEYFINDINGS

OWNINGSTABLECOINS

Whichcryptocurrenciesinc.stablecoinsdoyouhold/haveyouheldinthelast12months?/Whichcryptocurrenciesorstablecoinsdoyouplantoacquireinthenext12months?Base:Allwhoholdorwhohaveheldstablecoin:2077&Allwhoplantoacquirestablecoininthenext12mths:619

18

Thisismoneysolvingrealproblems,

notspeculation.

STABLECOINUTILITYREPORT2026

BVNK

KEYFINDINGS19

OWNINGSTABLECOINS

Keyfindings

Managingstablecoins

STABLECOINUTILITYREPORT2026

BVNK

KEYFINDINGS20

MANAGINGSTABLECOINS

STABLECOINUTILITYREPORT2026

BVNK

KEYFINDINGS21

MANAGINGSTABLECOINS

Centralizedexchangesstilldominate

Despitecrypto,sdecentralizedorigins,themostpopularwaytoacquireandmanagestablecoinsremainscentralizedexchanges.Buyingmethods:

centralizedexchange(34%),cryptowalletapps(28%),cryptobrokers(17%).

Formanagingtheir

stablecoinsandcrypto,almosthalfprefertouseexchangeplatforms.

Lowandmiddleincomeeconomiestiltslightlymoretowardpaymentappsandmobilecryptowallets,butexchangesstilllead.

46%

Prefertouseexchangeplatformstomanagestablecoinsacrossallmarkettypes

Highincomeeconomies

Allmarkets

FIG2.0Preferredplatformformanagingstablecoins

●Lowtomiddleincomeeconomies

Anexchangeplatform

Apaymentappwithcryptofeatures

Amobilecryptowalletapp

Anappthroughmymain

bankingproviderorfintech

Ahardwarewallet

Nopreference

Other

46%

46%

46%

40%

44%

33%

39%

41%

36%

23%

20%

28%

13%

12%

16%

4%

3%

6%

1%

2%

1%

BVNK

STABLECOINUTILITYREPORT2026

KEYFINDINGS

MANAGINGSTABLECOINS

Whichmethodorplatformdo/wouldyoumostprefertousewhenmanagingstablecoins?Base:Allwhoholdorwhohaveheldcrypto:4658

22

FIG2.1Likelihoodtoopenastablecoinwalletinpersonalbankingapp

Notatalllikely

Verylikely

Quitelikely

Notverylikely

Neitherlikelyorunlikely

Personalbankingandfintechappshave

Allmarkets

42%35%13%5%3

%

astrongrighttoplayiftheyactnow.

Morethanthree-quarters(77%)wouldopena

cryptoorstablecoinwalletwithintheirpersonal

NETLikely77%

bankingorfintechappifoffered.Thisholdsacrossallmarkets.Inhigh-incomeeconomies,67%say

they’relikely,withanother22%unsureandlikelytoneedmoreinformation.

Lowandmiddleincomeeconomies

51%

32%

10%

3

%

2

%

NETLikely83%

Highincomeeconomies

27%

40%

18%

7%

5%

91%

NETLikely67%

Africahasthehighestamountofthosewhosaytheywouldbelikelytoopenacryptocurrencywalletwiththeir

personalbankingapp.

BVNK

STABLECOINUTILITYREPORT2026

KEYFINDINGS

MANAGINGSTABLECOINS

Ifyourpersonalbankorfintechappallowedyoutoopenacryptocurrencyorstablecoinwallet,howlikelyorunlikelyareyoutotakethisup?Base:Allwhoholdorwhohaveheldcrypto:4658.

23

Thetrustisalreadythere.

Theinfrastructuregapistheonlythingholdingbanksback.

STABLECOINUTILITYREPORT2026

BVNK

KEYFINDINGS24

MANAGINGSTABLECOINS

reliablecashequivalents.Thisclarityhasbolsteredinstitutionaltrustwhilestrengtheningconsumer

protections,whichwepredictwillsuperchargeadoptioninthecomingmonthsandyears.

USDCexemplifiesthetransformative

potentialofstablecoinsandisbeginningtorealizethatpotentialwithtangibleresults.Itsadoption

spansdiverseusecase