Update
Stablecoin Remittances Offer Significant Cost Savings
A new report from Borderless.xyz reveals that stablecoin-funded remittances cost 84% less than traditional money transfers, particularly in emerging markets. The report found that a $200 remittance through stablecoin-funded payment rails costs $2, compared to $12.72 for traditional remittances. Business payments made through stablecoins are also significantly cheaper, with a $10,000 transfer costing as little as $26 compared to $52 at the median provider for traditional international bank wires, which cost between $135 and $150 for the same amount.