Bank of Italy: Stablecoin Payment Fees Can Reach 9%
- —Sending $200 in stablecoins costs $0.60 to $18 depending on the corridor
- —Total fees across 10 corridors range from 0.30% to nearly 9%
- —Most costs come from on- and off-ramping, not the on-chain transfer
- —Global average remittance cost is 6.36%; digital-only providers charge 3.54%
Why it matters: High on- and off-ramp costs limit stablecoins' competitiveness for salaries and remittances, where the amount actually received is what matters.
Source: BeInCrypto CN