Solana Foundation: Stablecoin Remittance Fees Fall from 6.49% to Near Zero
- —Average fee for traditional $200 transfers is 6.49%, with settlement taking 3-5 business days
- —Stablecoin transfers on Solana take seconds and cost substantially less
- —1.3 billion adults without bank accounts remain outside the remittance market
- —MoneyGram launched a stablecoin card with Visa in Colombia on September 10
Why it matters: Stablecoins are vying for the hundreds-of-billions-dollar remittance market, boosting demand for networks like Solana and Stellar.
Source: The Cryptonomist (IT)