Bank of Italy Research Suggests Stablecoins Aren't Necessarily Cheaper for Remittances

Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances

A Bank of Italy study found stablecoin remittances aren't systematically cheaper than traditional money transfers, with fiat on- and off-ramps accounting for most of the cost.

Fiat Infrastructure Limits Stablecoin Remittance Efficiency

A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted for most costs and transfer delays. Researchers tested 200 USDC (USDC) remittances across 10 bidirectional payment corridors linking Italy with Brazil, Argentina, Japan, the United Arab Emirates and South Africa, comparing end-to-end costs and settlement t…

Stablecoin remittances hit 9% in Bank of Italy test

Stablecoin remittances cost up to 9% in a Bank of Italy test, with fiat on- and off-ramps driving most fees across 10 corridors.

CASE STUDY | Fiat Rails, Not Blockchains, Drive Stablecoin Costs, Says a Bank of Italy Study

The Bank of Italy has challenged one of the biggest claims surrounding stablecoins finding that they do not consistently offer lower costs than traditional remittance services. In a new study, researchers conducted a ‘mystery shopping’ exercise involving 200 USDC transfers across 10 remittance corridors linking Italy with Argentina, Brazil, South Africa, the United Arab Emirates, and Japan. The findings showed that while stablecoin transfers can…

Latest Bank of Italy finds no consistent cost advantage for stablecoin remittances in Cryptocurrency

Blockchain technology A Bank of Italy study found that stablecoin-based remittances did not offer a systematic cost or speed advantage over traditional payment channels, as fiat on- and off-ramp frictions accounted for most costs and transfer delays. Researchers tested 200 USDC (USDC) remittances across 10 bidirectional payment corridors linking Italy with Brazil, Argentina, Japan, the United Arab Emirates and South Africa, comparing end-to-end …

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.