Cross-border remittances are transfers of money by individuals—typically migrant workers—to recipients in another country, often family members. Traditionally routed through banks and money-transfer operators with high fees and slow settlement, they are increasingly served by stablecoins and crypto rails that lower cost and latency. They represent a major global financial flow and a key driver of crypto payment adoption.
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- Conventional remittance corridors carry high fees and multi-day settlement, especially in underbanked regions. Stablecoin-based transfers compress cost and time by settling on public ledgers, but mainstream adoption depends on reliable fiat on- and off-ramps, regulatory clarity, and accessible custody for non-technical users.