PANews October 17 news, according to Cointelegraph, the latest third-quarter report from stablecoin payment network Borderless.xyz shows that the median cost of sending a $200 remittance through stablecoin channels is only 1% (about $2), while the traditional remittance cost is 6.36% (about $12.72), making the stablecoin solution about 84% cheaper. Savings are even more pronounced in emerging markets: in sub-Saharan Africa, the stablecoin remittance cost is 2.9%, compared with 8.46% for traditional remittances; in Latin America, they are 1.25% and 5.64%, respectively. On the enterprise payments side, for a $10,000 transfer to the euro area, the lowest stablecoin cost is only $26, while a traditional bank wire transfer requires $135–150.
In addition, stablecoin payments settle faster, with a median time of only 2 minutes on Brazil's PIX network and 3 minutes for Mexico's SPEI, while traditional SWIFT usually requires the next business day. The report notes that stablecoin transaction activity continues to grow and is becoming an important use case for cross-border payments.