BlockBeats News, May 9th, Binance released a research report stating that by 2026, emerging market users accounted for 77% of the total platform users, up from 49% in 2020. The report pointed out that an increasing number of users are using cryptocurrency exchanges for savings, payments, and investments, rather than just trading.

Binance stated that globally, 1.3 billion adults still lack access to financial services, 4.7 billion adults are unable to obtain credit, and around 1.4 billion depositors in low-income countries do not earn interest on their savings. In this context, cryptocurrency platforms are filling the gap left by traditional financial services.

The report shows that about 36% of emerging market users allocate at least half of their assets to stablecoins, with Binance suggesting that this phenomenon reflects the perception of stablecoins as a savings tool. It also notes that the cost of stablecoin cross-border transfers can be as low as $0.0001, enabling near-instant settlement, which is a significant advantage compared to the average cost of over $20 for traditional SWIFT cross-border remittances.