Morning Consult National Poll: Americans Voice Concerns on Stablecoin Yield Risks

U.S. adults support protecting local lending from stablecoin yield risks

By a 3-to-1 margin

consumers say policymakers should prohibit crypto companies from offering interest-like rewards for holding stablecoin that threaten to siphon the bank deposits that drive local lending

By a 4-to-1 margin

respondents agree that in establishing the first-ever rules for digital assets like crypto currencies and stablecoins in the U.S., lawmakers and the administration should avoid steps that could weaken our existing financial system

7 in 10

would be concerned if banks had less $ available to make loans to individuals and businesses in their communities

62%

are concerned that foreign adversaries, criminals, and fraudsters are using cryptocurrencies to perpetrate crimes

Consumer adoption of digital assets remains limited

only 17%

currently own digital assets

only 28%

have ever owned digital assets

6 in 10

Are unlikely to buy, hold or use digital assets such as cryptocurrencies in the next 12 months

3 in 5

Say digital assets are NOT relevant to their day-to-day financial life

Only 24%

say stablecoins, cryptocurrencies and other digital assets could provide meaningful benefits for people like them.