Stablecoin remittances cost 84% less than traditional transfers, report finds
60-second summary
Stablecoin remittances cost about 84 % less than traditional cross‑border transfers, according to Borderless.xyz data, and they settle significantly faster than conventional international bank wires. The report highlights that businesses can move funds instantly with minimal fees, reducing operational expenses and enhancing liquidity. This efficiency pressures legacy payment networks, prompting banks to explore blockchain‑based solutions.
Borderless.xyz data shows major savings on cross-border business payments, with stablecoin transfers also settling faster than traditional international bank wires.