Movement Network said the main obstacle to stablecoin-based cross-border payments is end-market liquidity rather than settlement technology. Citing World Bank data, the network said the global average cost of remittances stands at 6.36%, with some regions exceeding 8%. While stablecoins can settle transfers quickly, limited local fiat conversion depth has made it difficult for them to gain broad adoption across remittance corridors. Movement Network also said more than 90% of stablecoin circulation is still concentrated in trading and DeFi, while real-world payments account for only 5% to 10%. To address liquidity constraints in remittance corridors across emerging markets, it said USDCx has been expanded to more trading venues. Deeper liquidity, according to the network, can tighten exchange spreads and reduce the market impact of large conversions.
Movement Network said the main barrier to stablecoin cross-border payments is end-market liquidity, not technology.
Citing World Bank data, the network said the average global cost of remittances is 6.36%, with some regions running above 8%.
It said stablecoins may offer fast settlement, but weak local fiat conversion depth has limited their ability to scale across remittance corridors.
Movement Network added that more than 90% of stablecoin circulation is currently concentrated in trading and DeFi, while actual payments make up only 5% to 10%.
To ease liquidity bottlenecks in remittance corridors serving emerging markets, it said USDCx has expanded to more trading markets. Deeper liquidity can narrow exchange spreads and help prevent large conversions from moving market prices, according to the network.
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