Stablecoins for Transferring Value in the Cryptocurrency Market
Peerapat Wattanasin, Tanpat Kraiwanit, Pongsakorn Limna

Faculty of Economics, Rangsit University, Thailand

Abstract

Stablecoins have emerged as a promising solution in the volatile cryptocurrency market, offering stability and reliability for preserving and transferring value. This study explores the factors that make stablecoins an optimal choice for holding and transferring value within the cryptocurrency market. A quantitative research approach was adopted, utilising questionnaires as the data collection method. The study sample comprised 714 participants, selected conveniently through purposive sampling. Descriptive and inferential statistics were employed to analyse the collected data. Descriptive statistics, including frequencies and percentages, were used to summarise the demographic characteristics of the participants. Inferential statistics, such as chi-square tests and logistic regression, were utilised to explore associations and predict the outcome variable based on the predictor variables. Logistic regression analysis was conducted to examine the relationship between predictor variables (gender, age, education, income, place of residence, and focus on factors) and the outcome variable. The findings revealed that the attractiveness of stablecoins for holding or transferring value within the cryptocurrency market in Thailand is influenced by gender, education, income, and place of residence. These findings offer valuable insights into the demographic characteristics and factors that impact the participants^ perceptions.

Keywords: Stablecoin- Holding- Transferring- Value- Cryptocurrency Market

Topic: Economic Disruption in the 4.0 Industrial Revolution Era