# The state of stablecoins

> SDF and Wirex surveyed 3,834 cryptocurrency users to understand cross-border payment needs. Key findings: users want transaction fees below 1%, 86% feel safe using crypto, but 75% are unaware of stablecoins despite mainstream crypto adoption.

**Metadata**

- Published: 2021-01-22
- Author: Caroline Young
- Original publisher: `stellar.org`
- Original article: https://stellar.org/blog/policy/the-state-of-stablecoins
- Tags: Payments, Stablecoins, Financial Inclusion

## Summary

The Stellar Development Foundation partnered with Wirex to survey 3,834 cryptocurrency users about cross-border payments and digital asset adoption. The report, 'The Future of Money: Cryptocurrency Adoption in 2021,' reveals that respondents consider transaction fees above 1% too high, with most paying $101-$500 per international transfer. While 86% of respondents feel safe using cryptocurrency and 40 million people globally use crypto, a critical gap exists: 75% have never heard of stablecoins, indicating a need for education on how stablecoins can enable practical digital payments. The survey also identified demographic differences in crypto adoption confidence, highlighting opportunities for businesses to serve underserved markets.

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*Source: https://lumenloop.com/news/state-stablecoins*