The median cost of sending a $200 remittance via stablecoins is just 1%, or approximately $2, compared to 6.36% ($12.72) for traditional methods, according to Borderless.xyz's latest Q3 report. This represents an 84% cost reduction, with even greater savings in emerging markets where Sub-Saharan Africa sees fees of 2.9% versus 8.46% traditionally, and Latin America records 1.25% against 5.64%.
Corporate cross-border payments show similar efficiency gains, with $10,000 transfers to the eurozone costing as little as $26 via stablecoins compared to $135–$150 for traditional bank wires. Settlement times are also significantly faster, with Brazil's PIX network averaging 2 minutes and Mexico's SPEI taking 3 minutes, while SWIFT transfers typically require until the next business day. The report indicates that growing transaction activity continues to establish stablecoins as an increasingly vital infrastructure for international payments.
Stablecoin Remittances Cost 84% Less Than Traditional Methods: Q3 Report
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