A Bank of Italy study reveals stablecoins lack consistent cost benefits for remittances. High fiat conversion and payment infrastructure expenses are the main factors, overshadowing blockchain fees in overall costs and settlement times.
A recent study by the Bank of Italy found that stablecoins do not always offer cheaper ways to send money across borders. Researchers looked into the costs of remittances, which is sending money to another country. They discovered that the main expenses come from changing traditional money (fiat) into stablecoins and the payment systems used. These costs, along with the existing infrastructure, impact how much it costs and how long it takes to send money. Blockchain fees, which are often thought to be a major expense, were not the biggest factor in the overall price.
89.758 SRY