Stablecoins Drive Growth in Emerging Market Remittances

Emerging markets are witnessing a surge in the use of stablecoins for cross-border remittances, as per data from Artemis released by Foresight News. The platform reveals that approximately 10% of all cross-border remittances in these markets now utilize stablecoin technology. India tops the list with a remarkable 9.8% share, followed closely by Nigeria at 9.7%, and Mexico at 9%. Other countries like Vietnam, Pakistan, the Philippines, and Egypt are seeing stablecoin remittance rates of 7.8%, 3.7%, 2.3%, and 0.7%, respectively.