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Bitbase CBO: 39% of Crypto Users Earn in Stablecoins, Only 27% Spend Them

Bitbase chief business officer Nicholas Lo said at an HSC Asset Management Singapore roundtable on digital economy infrastructure that 39% of crypto users and potential users already earn income in stablecoins, but only 27% of stablecoin holders use them for everyday payments. Lo, who appeared alongside representatives of Tether and Galaxy Digital, argued that the missing piece is consumer spending, not users.

Original source

AI take

The gap between earning in stablecoins and spending them points to a distribution problem, not a demand problem: the income side has found product-market fit, while the payments side has not. That matters for the infrastructure providers on panels like this one, since consumer spending is where transaction volume, merchant relationships and regulatory clarity actually get tested. Whether the earn-to-spend gap narrows, or stablecoins settle into a savings-and-payout rail rather than a payment rail, is the open question.

Generated by AI for reference only.

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