Report: Stablecoin remittances cut transfer costs by 84%

Stablecoins are continuing to carve out a clear niche in cross-border payments, with a new Borderless.xyz report pointing to major savings versus traditional remittance rails. The study focuses on payments funded via stablecoin payment networks and compares those costs with figures drawn from World Bank data. Borderless.xyz estimates that sending a $200 remittance using stablecoin-funded rails costs a median of 1%—about $2—versus 6.36% (about $12.72) for traditional transfers. The gap persists across multiple regions and extends beyond consumer remittances to larger business payments.

Source: Crypto Breaking News