Visa launched the outcomes of a survey signaling that bank-level fraud safety and insurance coverage might drive adoption in stablecoins for cross-border transactions amongst US customers.
In a survey of two,192 US-based clients revealed on Wednesday, Visa mentioned that the “adoption intention” of stablecoins amongst US customers might climb from 36% to 56% “in a hypothetical state of affairs with bank-level fraud safety and deposit insurance coverage.” The findings carried out by Morning Seek the advice of between February and March confirmed that People who had been requested about monetary phrases like stablecoins had been on the lookout for quicker and cheaper strategies to ship cash overseas.
“Practically two-thirds (64%) [of respondents] say belief relies upon extra on who presents a fee technique than on the tech itself,” mentioned Visa. “Willingness to make use of stablecoins rises from 36% to 45% when provided by way of an current monetary supplier.”
The survey posited bank-like protections for stablecoin issuers within the US at a time when firms are making ready for the enactment of the Guiding and Establishing Nationwide Innovation for US Stablecoins ($GENIUS) Act. The invoice awaits finalized guidelines from key US monetary businesses forward of its efficient date, anticipated in January 2027.
In contrast to merchandise from conventional monetary establishments like banks, stablecoins lack lots of the protections from fraud and aren’t coated by deposit insurance coverage supplied by the Federal Deposit Insurance coverage Company (FDIC). Underneath $GENIUS beginning in January, US stablecoins are nonetheless not anticipated to have FDIC insurance coverage or express fraud safety, however will embrace tips in an effort to handle illicit actions.
EU banks push for adjustments to minimal financial institution deposit for stablecoins
On Tuesday, the European System of Central Banks known as for altering the principles requiring that stablecoins have not less than 30% of reserves held as financial institution deposits, or 60% for “important” tokens. The group as a substitute pushed for liquidity thresholds for the belongings, citing potential dangers from customers shortly withdrawing deposits.
The proposed adjustments for the way EU banks handle stablecoins fell beneath the area’s Markets in Crypto-Belongings (MiCA) framework, which started implementing its guidelines on stablecoins in June 2024.
In keeping with funds infrastructure firm Decta, the market capitalization of compliant euro stablecoins greater than doubled from 2025 to 2026 main as much as the top of MiCA’s transition interval. US dollar-pegged tokens like USDC and USDT proceed to guide stablecoins with a mixed market capitalization of about $260 billion.
