Nearly half of consumers in the Asia-Pacific region say they are likely to use stablecoins within five years, according to Consumer 360 study, a survey conducted by payments company Visa.

In a statement on Monday, Visa said the survey featured 14,250 people aged 18 to 65 across 14 Asia-Pacific markets, with fieldwork in June and July.

Visa said 46 percent of those polled expected to use stablecoins in the next five years. The figure is higher than 16 percent who had used them in the past year, with interest centered on online shopping, travel, and cross-border transfers.

About 49 percent thought stablecoins could become a common way to move money across borders, pointing to possible use in remittances.

But understanding lags. While 66 percent had heard of stablecoins, only 6 percent accurately understood the operation, Visa said. As many as 41 percent wrongly believes their value always rises, Visa added.

Among people aware of stablecoins, 49 percent still think stablecoins can only trade for other cryptocurrencies.

Trust was a barrier. Among those aware of stablecoins but who had never used them, 38 percent cited fears of fraud or scams and 36 percent stressed a lack of understanding, Visa said. Respondents most trust government or central-bank-linked issuers, at 27 percent, and banks or regulated financial institutions, at 26 percent.

Awareness was highest in Hong Kong at 84 percent, India at 80 percent and Thailand at 77 percent. The strongest intent to use stablecoins came from Vietnam and India, both at 67 percent, the survey showed.

Visa, which has a commercial stake in the trend, said it was working with banks and payment partners to link stablecoins with familiar payment methods, including through its Visa Stablecoin Platform

Nischint Sanghavi, Visa’s head of digital currencies for Asia-Pacific, said consumers want stablecoins to feel like a natural part of payments they already trust.

US-based Circle to buy Singapore’s Tazapay for $400M to expand USDC cross-border payments