Banco Industrial Launches Stablecoin Payment System on Polygon for Remittances

Banco Industrial in Guatemala has partnered with SukuPay to launch a stablecoin payment system built on the Polygon blockchain, facilitating cross-border remittances using USDC. This new system aims to streamline international money transfers within Guatemala, where annual remittances reach approximately $21 billion, representing nearly 20% of the country’s GDP. Users can send and receive funds via SukuPay’s mobile app with a transaction fee of just $0.99 per transfer.