CoinDesk·4 min read·medium
Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances
J
Jamie Crawley
✦AI Summary
A Bank of Italy study reveals that stablecoin-based remittances are not consistently cheaper than traditional money transfer services when accounting for the entire transaction process. While blockchain transfer fees are low, the costs associated with converting fiat to crypto and back to local currency often negate these savings.
Sending USDC across a blockchain may indeed cost only a few cents but a new study from the Bank of Italy suggests that isn't what most people actually pay when they send money home.
businesscryptoeconomy
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