CoinDesk reported that research from the Bank of Italy found stablecoin-based remittances do not automatically offer a cost advantage over traditional transfer methods. The study used a mystery-shopping experiment and concluded that several layers of friction can erase the expected savings. According to the report, exchange fees, foreign-exchange spreads and the use of banking rails often leave stablecoin remittances costing no less than conventional options. The findings challenge a common assumption in crypto markets that stablecoins can consistently reduce the price of cross-border money transfers. The article was written by Jamie Crawley and edited by Nikhilesh De.
Research from the Bank of Italy suggests stablecoins are not necessarily a cheaper option for remittances than traditional transfer methods, according to CoinDesk.
Study points to costs beyond the token transfer itself
A mystery-shopping experiment found that exchange fees, foreign-exchange spreads and banking rails mean stablecoin remittances are often no cheaper than traditional transfer means.
The report was written by Jamie Crawley and edited by Nikhilesh De.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
