Source
Why global workers are driving demand for stablecoin payouts
A Stripe survey of over 2,300 independent workers in 20 countries indicates a strong preference for stablecoin payouts over traditional cross-border payment systems.
Why it matters
Stablecoins offer freelancers in emerging markets a way to avoid high remittance fees and protect their income from local currency inflation. They also provide essential payment access for the unbanked population.
The details
- 57% of surveyed workers would accept stablecoin payouts due to traditional rail frustrations.
- In sub-Saharan Africa, 40% of the population is currently unbanked.
- 70% of independent workers want to earn yield on their platform balances.
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In this article
Key connections
Stripe owns Stripe Link
Stripe built and provides the Stripe Link digital wallet.
Stripe uses Stablecoins
Stripe facilitates stablecoin payout research and payment options.
DoorDash uses Stablecoins
DoorDash enables stablecoin payouts for global workers.
Deel uses Stablecoins
Deel enables stablecoin payouts for global contractors and workers.
Ramp uses Stablecoins
Ramp enables stablecoin payouts for global workers.
Meta uses Stablecoins
Meta enables stablecoin payouts for global workers.
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Stripe Link uses Stablecoins
Stripe Link is used by independent workers to receive stablecoin payouts.
Stripe Link is related to Digital Wallets
Stripe Link operates as a digital wallet solution built by Stripe.
Argentina is related to Stablecoins
Workers in Argentina seek stablecoins as a hedge against local currency volatility.
Colombia is related to Stablecoins
Workers in Colombia seek stablecoins to protect against local currency volatility.
Related events
Stripe Publishes Report on Global Platform Worker Demand for Stablecoin Payouts
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