According to a Kyros Ventures report, 33.3% of Chinese investors hold a large number of stablecoins, ranking them second only to Vietnam’s 58.6%, indicating a higher level of risk appetite.

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Crypto enthusiasts in China are more willing to invest heavily in cryptocurrency than their counterparts in Vietnam, South Korea, Taiwan and Thailand.

This is according to a December 2023 report by Vietnamese venture capital firm Kyros Ventures, with the assistance of 10 media agencies from China, Thailand, Korea, Taiwan and Vietnam. In the 5,268-participant survey, more than 70% of participants said cryptocurrencies accounted for more than half of their asset portfolio.

However, 33.3% of Chinese investors hold a large amount of stablecoins, placing them in second place to Vietnam, with 58.6% of its investors holding stablecoins. Except for Vietnam and China, most investors in other countries have reduced their holdings in stablecoins, indicating that they are more risk-averse with investments in crypto assets...

To read more visit CoinTelegraph.

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