The United States imposes a 1% remittance tax on certain cross-border remittances.

On January 1, 2026, local time, new tax measures targeting certain cross-border remittances in the United States officially took effect. According to regulations from the U.S. Treasury Department and the IRS, starting January 1, 2026, remittance service providers are required to collect a 1% tax on eligible remittance transactions and declare and pay it as required. The regulations indicate that when remitters use cash or similar "in-kind payment instruments" (including money orders, bank drafts, etc.) as the source of funds for cross-border remittances, this tax will be payable; transactions using U.S. bank accounts or debit cards, credit cards, etc., to fund remittances are generally not subject to this tax. This measure is part of the Trump administration's "Big and Beautiful" tax and spending bill. According to the IRS, this tax applies to overseas remittancers, including U.S. citizens and residents. Some tax analysts believe that "cryptocurrency and stablecoin transfers are not considered taxable remittance transfers." In other words, stablecoins are not considered "in-kind payment instruments" within the scope of this tax, but the actual situation is yet to be determined.