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Vishwas Bharadwaj
Asked: 2025-03-20T00:22:10+05:30 In:

How do stablecoins reduce cross-border transaction fees?

How do stablecoins reduce cross-border transaction fees?

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  1. Anamika

    Stablecoins significantly lower cross-border payment costs by cutting out intermediaries and streamlining the process through blockchain networks. Here’s how they save money: No bank fees: Traditional international transfers rely on banks or payment processors that charge high service fees and foreiRead more

    Stablecoins significantly lower cross-border payment costs by cutting out intermediaries and streamlining the process through blockchain networks.
    Here’s how they save money:

    • No bank fees: Traditional international transfers rely on banks or payment processors that charge high service fees and foreign exchange markups. Stablecoins bypass these institutions.
    • Lower transaction fees: Stablecoin transfers typically cost a fraction of the fees charged by remittance services like Western Union or MoneyGram.
    • Fixed-value transfers: Since stablecoins are pegged to major fiat currencies, there’s no need for costly currency conversions.

    Example:
    A worker in the U.S. sending $500 to their family in the Philippines would pay around $25–$50 in traditional remittance fees. With stablecoins, the same transaction might cost just a few cents.
    💡 Pro Tip: If you’re looking for a faster and cheaper way to send money internationally, stablecoins are worth considering.
    👉 Learn more about how stablecoins are transforming cross-border payments:
    Stablecoin Adoption in Emerging Markets

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