Analysis: Stablecoins may reshape the $900 billion cross-border remittance market

01/17 12:15

On January 17, news reported that with the acceleration of stablecoin applications in cross-border payments, a global remittance market worth about $900 billion is facing restructuring. Industry insiders point out that stablecoins, leveraging blockchain technology, can significantly reduce the cost and time of cross-border transfers, and are expected to impact the traditional remittance system represented by Western Union.

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