70% of emerging market respondents will swap fiat for stablecoins

Recently, it has been reported that an increasing number of users in emerging countries are exchanging fiat currencies for stablecoins. This is interpreted as an indication that more people are using crypto assets (virtual currencies) in their daily lives.
According to a report released by cryptocurrency investment firm Brevan Howard Digital and cryptocurrency venture capital firm Island Ventures, Brazil, Nigeria, Turkey and India have
A survey of 2,500 users in countries such as Indonesia revealed that around 69% of respondents said they had swapped fiat currency for stablecoins.
In addition, 39% of respondents said they have purchased goods or services with stable coins, and
"I prefer stablecoins because they are more efficient than using banking services online and are less susceptible to government interference." The most popular stablecoin was USDT.
In relation to this, cryptocurrency media CoinDesk reported that "stablecoins are increasingly being used for everyday financial activities in emerging markets."