Stablecoins Could Lower Cross-Border Payment Costs in Emerging Markets

Stablecoins have the potential to significantly reduce cross-border payment costs in emerging markets, according to Delphi Digital. The firm highlights that remittance fees in these regions can reach as high as 8%, presenting a substantial financial burden for individuals and businesses. According to NS3.AI, while stablecoins offer a promising solution, the main challenge remains the off-ramps, as transferring funds back into traditional banking systems still encounters legacy processing delays. Over the past month, the total supply of stablecoins has increased by 2.5%, rising from $308 billion on February 17 to $316 billion.