Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances
CoinDesk·
60-second summary
Researchers at the Bank of Italy are conducting a mystery-shopping experiment, discovering that stablecoin remittances often aren't cheaper than traditional transfer methods. Exchange fees, foreign exchange spreads, and banking rails contribute to similar costs. This finding challenges the notion that stablecoins are a cost-effective alternative for international transactions, potentially limiting their adoption in remittances.
A mystery-shopping experiment found that exchange fees, foreign exchange spreads and banking rails mean stablecoin remittances are often no cheaper than traditional transfer means.