Bank of Italy Study Finds Stablecoin Remittances Lack Consistent Cost Advantage, Hitting Up to 9% Expense
A real-world remittance study by the Bank of Italy found that stablecoin transfer fees vary drastically by corridor, reaching as high as 8.96%.
Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. They aim to combine the efficiency of blockchain transactions with the price stability of traditional money. Stablecoins are commonly used for trading, payments, and transferring value across crypto platforms. Some are backed by reserves, while others rely on algorithms or crypto collateral. Their growing use has made stablecoins a key bridge between traditional finance and the crypto economy.
A real-world remittance study by the Bank of Italy found that stablecoin transfer fees vary drastically by corridor, reaching as high as 8.96%.
At its 2026 Galaxy Unpacked event, South Korean tech giant Samsung unveiled native stablecoin integration for its proprietary Samsung Wallet app alongside the new Samsung Galaxy Card.
Ripple is advancing its enterprise stablecoin roadmap. By launching its new Ripple Mint platform and partnering with travel-rule compliance firm Notabene, the company is simplifying how global institutions mint, redeem, and transact with RLUSD.
Ondo Finance and SBI Group have formed a strategic partnership to bring Japanese equities onchain, use the JPYSC stablecoin for settlement, and distribute tokenized assets through SBI’s financial network.
Japan has passed legislation reclassifying cryptocurrencies as financial assets, bringing the market under stricter trading, disclosure, and enforcement rules.
Velocity has raised $38 million in Series A funding to expand infrastructure connecting stablecoin networks with banking, custody, treasury, and settlement systems.
South Korea plans a tokenized government bond pilot linked to its institutional CBDC project while advancing comprehensive crypto legislation, won-backed stablecoin rules, and a framework for spot crypto ETFs.
India’s internal battle over cryptocurrency has intensified. While retail adoption climbs, the central bank is doubling down on isolating digital assets from the domestic financial system to prevent structural contagion and rampant tax compliance loopholes.
In a decisive 85-5 vote, the US Senate advanced a massive housing affordability package containing a critical regulatory provision that blocks the Fed from developing a central bank digital currency through 2030.
Toss Bank will leverage the Solana network to launch a stablecoin proof of concept aimed at disrupting traditional international payments.