Borderless report finds stablecoin remittances 84% cheaper than traditional transfers

A third-quarter report from Borderless.xyz shows that sending a $200 remittance via stablecoin costs a median of $2, compared to $12.72 for traditional transfers, based on World Bank data. In Sub-Saharan Africa and Latin America, stablecoin costs were 2.9% and 1.25% respectively, versus 8.46% and 5.64% for traditional methods. For business payments, a $10,000 stablecoin transfer to the eurozone costs as little as $26 through the lowest-cost provider, compared to a median of $52 and $135-$150 for traditional bank wires.