US interest in stablecoins linked to bank-level protections

Research from Visa indicates that American interest in using stablecoins increases significantly when these digital assets are backed by bank-level protections. According to a survey of 2,192 Americans by Morning Consult, the percentage of people willing to use stablecoins rises from 36% to 56% if they include fraud protection and deposit guarantees similar to traditional bank accounts.

Trust is a primary driver for adoption, with 64% of respondents stating that the reputation of the issuing party is more important than the underlying technology. Willingness to use stablecoins also increases if they are provided through established financial service providers.

Separately, reports suggest the United States may consider promoting dollar-based stablecoins globally. This strategy aims to reinforce the dollar's status as the dominant world currency and address demand issues in the US Treasury bond market. Because many stablecoins are backed by short-term US government debt, increased global usage of these digital assets could drive higher demand for US Treasury bonds, potentially helping to manage rising interest rates.