Stablecoin Remittances Cost 84% Less Than Traditional Transfers: Report
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Borderless.xyz data points to lower costs for cross-border business payments using stablecoins, alongside faster settlement than international bank wires.
Stablecoin remittances are 84% cheaper than traditional transfers, according to Borderless.xyz data reported by Cointelegraph.
The findings highlight cost differences in cross-border business payments, where stablecoins offer an alternative to conventional transfer methods.
The data also indicates that stablecoin payments settle more quickly than international bank wires. The supplied report summary did not specify settlement times or provide a breakdown of fees.
Source: Cointelegraph
