Majority of stablecoin users would use a crypto wallet issued by their bank

A survey conducted by YouGov for Coinbase and BVNK revealed that a significant majority of stablecoin users desire integration with traditional finance. Specifically, 77% of the 4,658 respondents stated they would open a cryptocurrency or stablecoin wallet within their existing banking or fintech application if available. Furthermore, 71% indicated they would use a stablecoin-linked debit card for spending. Stablecoins, whose value is pegged to real-world assets like the U.S. dollar, have seen their market capitalization grow substantially, highlighting their penetration into the traditional economy. The report suggests that the expansion of formal regulation, such as the potential GENIUS Act in the U.S., could provide banks with the confidence to offer these crypto tools, as regulation codifies transparency and cybersecurity standards, bolstering institutional trust.

(Source：CoinDesk)