Stablecoins are gaining traction in high-cost cross-border payment corridors in emerging markets as they reduce some of the inefficiencies of legacy foreign exchange (FX) infrastructure, according to research firm Delphi Digital.
Stablecoins are emerging as the cheapest alternative to move US dollars in emerging economies due to the high costs of legacy FX corridors, which can reach up to 8% in combined fees when sending money to Argentina or Nigeria.
Delphi said in a Monday article on X that 81% of the cost in those corridors comes from servicing…

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