Lead Bank Launches USDC Payouts to 44 Countries, but FX Rate Comes After Settlement
- —Payouts reach 44 countries, but the list is undisclosed; docs list MXN, COP, BRL, EUR and GBP
- —Minimum outgoing payment is $3, and USDC is the only stablecoin at launch
- —Recipient name checks can take up to 21 minutes on SPEI and Bre-B rails
- —Returned payouts already converted are reconverted at the new spot rate, so amounts can differ
Why it matters: Stablecoin rails are moving into US bank infrastructure, but opaque pricing and name-check delays limit their use for remittances.
Source: Coindoo