Bank of Italy finds no consistent cost advantage for stablecoin remittances
Covered by 2 sources · 2 articles
2 outlets - including Coin-turk and Cointelegraph - are covering this story. 🚨 Bank of Italy found no clear cost or speed advantage using stablecoin remittances. 💡 Stablecoin transfer fees ranged from 0.3% to 9%, mainly due to exchange and conversion costs. 📈 The $USDC market surged, with stablecoins rising to $3…
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Bank of Italy: Stablecoin remittances offer no clear advantage over traditional payments
🚨 Bank of Italy found no clear cost or speed advantage using stablecoin remittances. 💡 Stablecoin transfer fees ranged from 0.3% to 9%, mainly due to exchange and conversion costs. 📈 The $USDC market surged, with stablecoins rising to $3…
Bank of Italy finds no consistent cost advantage for stablecoin remittances
Researchers found that fiat conversion costs and payment infrastructure, rather than blockchain fees, accounted for most of the differences in stablecoin remittance costs and settlement times.