Picture of the author

Sadii

06/23 09:46

BitcoinWorldWon Stablecoin Usage May Peak at 4.4%

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge BitcoinWorldWon Stablecoin Usage May Peak at 4.4% Even With Widespread Merchant Acceptance, Study Finds A new analysis from the Korea Institute of Finance suggests that even if nine out of ten merchants in South Korea were to accept a won-backed stablecoin, actual transaction usage would likely plateau at just 4.4%. The finding, reported by Money Today, underscores the gap between infrastructure availability and consumer adoption in the digital currency space. Adoption vs. Usage: A Critical Gap The report projects that a 90% merchant acceptance rate would lead to an 18.5% adoption rate — meaning roughly one in five customers would register and hold the stablecoin in a digital wallet. However, the actual usage rate for payments would drop sharply to 4.4%. In practical terms, this means that even with near-universal availability, only about four out of every 100 customers would use the stablecoin for transactions. The study highlights a recurring challenge in the digital payments industry: registration does not equal active use. Consumers may hold stablecoins for speculative purposes, as a store of value, or due to inertia, but converting that holding into routine transactional behavior remains a significant hurdle. Implications for South Korea’s Digital Currency Strategy South Korea has been a notable testbed for digital currency innovation, with the Bank of Korea actively exploring a central bank digital currency (CBDC) pilot program. The findings from the Korea Institute of Finance suggest that simply ensuring merchant acceptance is insufficient to drive widespread stablecoin usage. Behavioral factors, such as consumer trust, convenience, and existing payment habits, play a decisive role. The report also raises questions about the viability of privately issued won-backed stablecoins versus a government-issued CBDC. If ev
1Partilhar

Todos os comentários0Mais recentePopular

avatar
Mais recentePopular