Stablecoins are transforming peer-to-peer payments and remittances by significantly reducing transaction fees. A $200 transfer using stablecoins incurs almost no fees, in stark contrast to traditional banks, which charge 12.66%, money transfer operators (MTOs) at 5.35%, and mobile carriers at 3.87%. This shift highlights the growing appeal of stablecoins in financial transactions, offering a cost-effective alternative to conventional methods.