Bitcoin awareness across 25 countries in our study is 90%. Stablecoins? Just 34%.
And yet, stablecoins like USDT, USDC, and BUSD have become tools of survival, remittance, and savings.
This week, we compared bitcoin and stablecoins to understand:
- Who’s using them
- Why they matter
- What they don’t solve
Key findings:
- High stablecoin ownership in 🇻🇪 Venezuela, 🇳🇬 Nigeria, and 🇺🇦 Ukraine reflects economic instability and conflict
- The biggest motivators are avoiding volatility and accessing USD—the top 2 reasons globally
- But stablecoins inherit the weaknesses of both fiat and crypto: reliance on custodians, censorship risk, and fiat debasement.
Stablecoins may expand access to dollars in the short run. Bitcoin stands apart in the long run—decentralized, censorship-resistant, and sovereign.
📙 Read Week 6 here: https://www.cornellbitcoinclub.org/repository/week6
And yet, stablecoins like USDT, USDC, and BUSD have become tools of survival, remittance, and savings.
This week, we compared bitcoin and stablecoins to understand:
- Who’s using them
- Why they matter
- What they don’t solve
Key findings:
- High stablecoin ownership in 🇻🇪 Venezuela, 🇳🇬 Nigeria, and 🇺🇦 Ukraine reflects economic instability and conflict
- The biggest motivators are avoiding volatility and accessing USD—the top 2 reasons globally
- But stablecoins inherit the weaknesses of both fiat and crypto: reliance on custodians, censorship risk, and fiat debasement.
Stablecoins may expand access to dollars in the short run. Bitcoin stands apart in the long run—decentralized, censorship-resistant, and sovereign.
📙 Read Week 6 here: https://www.cornellbitcoinclub.org/repository/week6