Stablecoin Platforms Offer Cost-Effective Cross-Border Transfers

According to PANews, a report by Keyrock highlights the cost differences in cross-border remittances across various platforms. Traditional banks charge approximately 12.66% for a $200 transfer, while money transfer operators (MTOs) have a fee of around 5.35%. Mobile operators offer a more competitive rate at about 3.87%. In contrast, stablecoin platforms significantly reduce the cost of similar transactions to below 1%, enhancing the efficiency of fund transfers.