Respondents from Asia-Pacific were more likely to identify payment use cases for either CBDC or stablecoin than their counterparts from EMEA or the Americas. This is according to survey results from a fintech event hosted during 2022, when attendees were asked on their opinion on the two types of digital currencies. Notable is that respondents from Asia-Pacific seemed more specific in what they hoped to see. Most of their answers geared towards providing a better payment experience, whereas event attendees from the Americas and EMEA were either not sure - claiming they did not see any involvement - or answered "all of the above" for the various use cases listed by the survey. CBDC became an increasingly trending topic since 2021, after cryptocurrencies and stablecoins - digital coins built on the blockchain - grabbed news headlines. An important difference between crypto and CBDC, however, is that the first is decentralized. Cryptocurrencies and stablecoins are issued by private hands or companies, sometimes as a protest against monetary authorities. CBDC, on the other hand, come from monetary authorities and are meant to be a digital variant of already existing FX.
Perceived use cases for stablecoins and/or central bank digital currency (CBDC) in payments as of 2022, according to respondents
visitors to fintech event Money20/20, or who saw their marketing channels
Supplementary notes
The source does not provide information from which countries its respondents were from. It does add it has networks in the U.S., Europe, and Asia.
The source does not provide any information on the respondents. It adds that a fintech event was used to promote the survey, so the background of respondents can vary.
The source does not provide information on the original wording used during the survey. Thus, the wording chosen for this statistic may differ slightly from the one in the survey.
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Barclays. (April 5, 2023). Perceived use cases for stablecoins and/or central bank digital currency (CBDC) in payments as of 2022, according to respondents [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1386579/perceived-use-cases-of-cbdc-or-stablecoin-in-payments/
Barclays. "Perceived use cases for stablecoins and/or central bank digital currency (CBDC) in payments as of 2022, according to respondents." Chart. April 5, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1386579/perceived-use-cases-of-cbdc-or-stablecoin-in-payments/
Barclays. (2023). Perceived use cases for stablecoins and/or central bank digital currency (CBDC) in payments as of 2022, according to respondents. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1386579/perceived-use-cases-of-cbdc-or-stablecoin-in-payments/
Barclays. "Perceived Use Cases for Stablecoins And/or Central Bank Digital Currency (Cbdc) in Payments as of 2022, According to Respondents." Statista, Statista Inc., 5 Apr 2023, https://www.statista.com/statistics/1386579/perceived-use-cases-of-cbdc-or-stablecoin-in-payments/
Barclays, Perceived use cases for stablecoins and/or central bank digital currency (CBDC) in payments as of 2022, according to respondents Statista, https://www.statista.com/statistics/1386579/perceived-use-cases-of-cbdc-or-stablecoin-in-payments/ (last visited November 21, 2024)
Perceived use cases for stablecoins and/or central bank digital currency (CBDC) in payments as of 2022, according to respondents [Graph], Barclays, April 5, 2023. [Online]. Available: https://www.statista.com/statistics/1386579/perceived-use-cases-of-cbdc-or-stablecoin-in-payments/
