The report states that stablecoin remittance costs are lower than traditional methods 84%
BIBIBI
AT A GLANCE
The report states that when sending 200 USD remittances through the stablecoin channel, the median cost was 1%, approximately 6.36%lower than the 84%。
Article
Report: Stablecoin remittance costs are lower than traditional methods 84%
PANews October 17 According to Cointelegraph, the latest third-quarter report from stablecoin payment network Borderless.xyz shows that sending 200 USD the median cost of remittances was only 1%(approximately 2 USD), while traditional remittance costs were 6.36%(approximately 12.72 USD), making the stablecoin option approximately 84%. Savings are more pronounced in emerging markets: in sub-Saharan Africa, stablecoin remittance costs were 2.9%, compared with 8.46%for traditional methods; in Latin America, they were 1.25%and 5.64%, respectively. For business payments, transferring to the EUR region cost 10000 USD, with the stablecoin minimum cost only 26 USD, while a traditional bank wire required 135–150 USD. In addition, stablecoin payments settle faster; on Brazil’s PIX network, the median time was only 2 ...
PANews stated that its information came from Cointelegraph’s report on Borderless.xyz’s third-quarter report.
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The report shows that the median cost of sending 200 USD remittances through the stablecoin channel was 1%, approximately 2 USD。
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The cost of traditional methods for equivalent remittances was 6.36%, approximately 12.72 USD; the stablecoin option was approximately 84%。
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The cost of stablecoin remittances in sub-Saharan Africa was 2.9%, compared with 8.46%。
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The cost of stablecoin remittances in Latin America was 1.25%, compared with 5.64%。
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When transferring to the EUR region, the stablecoin minimum cost was 10000 USD, while the traditional bank wire cost 26 USD to 135. 150 USD。
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The original text states that stablecoin payments settle faster and mentions Brazil’s PIX network, but the specific time data is incomplete in the excerpt.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This report compares the fees of stablecoin channels with those of traditional remittances. In the scenarios listed, stablecoin channel fees are all lower, but the business payment data use the “minimum cost,” which is not fully comparable with the other median-cost data.
Why it matters to readers
The fees for cross-border remittances and business transfers differ substantially, so these data may influence users’ choice of payment channel; however, whether they are generally applicable still depends on the statistical scope and calculation method of the full report.
Beginners should focus on distinguishing percentage fees,USD fees, and “median cost” from “minimum cost,” rather than relying solely on the 84%in the headline to assess all regions and amounts.
Risks and unknowns
The evidence is a PANews summary of Cointelegraph’s report on the report; the full report text was not provided.
The excerpt does not specify the sample size, statistical methods, institutions covered, or the scope of fees included.
Business payments use the “minimum cost,” which cannot be directly treated as a typical or average cost.
Brazil PIX The network settlement-time data is truncated, so the complete figure cannot be confirmed.
The excerpt does not establish whether these cost differences apply to all stablecoins, regions, and remittance channels.
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Related concepts
Stablecoin
An asset that seeks to track a reference value and is subject to risks including depegging, reserves, and redemption.
