Stablecoins Revolutionize Cross-Border Remittances: Cost Savings Up to 90%

A new report from Keyrock reveals that traditional banking methods for cross-border transfers are expensive. A $200 transfer through a bank costs approximately 12.66%, while Money Transfer Operators (MTOs) charge around 5.35%. Mobile operators offer an even more competitive rate at 3.87%. In contrast, stablecoin platforms can significantly reduce the cost of similar transactions to below 1% – saving customers up to 90% in fees.