Cryptocurrencies: 40% of Americans ready to use a definition if the law was voted

We trust in the deficit. Decentralized Finance (Defi) is a sector who knew Exponential growth in recent yearsIt offers users alternatives for traditional financial services. Despite its potential, however, the defi still overlooks the general public. A recent survey conducted by a company Defic Fund Education (Def) reveals that 40 % of Americans would be ready to try it if favorable legislation were adopted.

Defi, the sector still unknown

According to defillama decentralized finance or defi currently represents approximately approximately approximately $ 160 billion in total locked value (TVL), which is relatively modest Compared to other financial sectors. The overview Def, made in cooperation with Ipsos In August in the United States shows that although Deffi is still a new concept for many, even if they wake up and interest croissant.

So the survey shows it 40 % of Americans Would probably try it if a “Clear and favorable legislation has been made”. Among them 84 % would use defi to perform “Online Purchases”While 39 % see it as a solution “Reduce Transaction Costs on Traditional Financial System”.

“I would keep more money in my pocket and I would no longer depend on financial institutions or pay them costs”It perfectly summarizes Queens residents in New York quoted by a specialized press that occupies the study of defined.

Limited trust in a traditional financial system

The overview also emphasizes and Generalized distrust Towards the traditional financial system. Less than half of these interviewees believe that the current system “Meets their financial needs”and only a quarter think it is designed to “Advertise Ordinary People”.

Moreover, financial security is the main problem. Only 29 % of Americans believe that the US financial system is ensure. Most respondents even believe that the current system “Must be improved to deal with new threats such as computer crime and artificial intelligence”.

The Def survey shows that Call could respond to some of the main concerns consumersespecially in terms of safety and costs transaction. But so that Call It becomes a viable alternative, clear and favorable legislation.

The US Congress is currently studying several accounts that could define the legal status of cryptocurrencies and clarify the role of financial regulators. If it is law are accepted, so they could prepare a way for a adoption wider Decentralized finance.

The results of this survey are encouraging for the defi sector. They show that consumers are ready to explore new financial solutions, provided they are safe and regulated. And when we see the success of hyperliquid and the arrival of its competitors, We say the sector has a future.