A new global study released by BVNK reveals that stablecoins are no longer niche, but are becoming a practical, everyday form of money being used around the world for everything from getting paid to buying goods and services.

That's according to BVNK's Stablecoin Utility Report, which surveyed over 4,600 early adopters and crypto-natives in 15 countries. The study was carried out by YouGov on behalf of BVNK, and in partnership with Coinbase and Artemis. It shows how people are turning to stablecoins to move money more quickly, securely, and affordably – and how this shift in behavior is becoming a worldwide trend beyond its roots in the Global South. 

Stablecoins are cryptocurrencies pegged 1:1 to the US Dollar, designed to offer price stability and make them suitable for fast and secure everyday payments. The report surveyed individuals who currently hold cryptocurrency (including stablecoins), have held it in the past 12 months, or plan to in the next 12 months.

It found that stablecoins are no longer limited to speculative trading or niche use cases. Instead, these crypto-natives and early adopters are using them for real-world financial needs, particularly for faster, more affordable, and more secure money movement.

Chris Harmse, co-founder of BVNK, commented: "When we talk about stablecoins, we hear the macro numbers: hundreds of billions in market cap, trillions in annual transaction volume. But if you're sitting in London or New York, you might be thinking: When was the last time I paid for something in stablecoins? When did I see a 'pay with stablecoins' option on a website? The skepticism feels rational. So how are people actually using them?

"That's what we've set out to answer with this report. Stablecoins are being used in the real world because they solve real-world problems. People are already getting paid and spending stablecoins, especially where traditional payments are slow, expensive, or unreliable. They're using them like everyday money, and asking for greater integration into their existing financial tools so they can continue to benefit from this revolution in money movement."