Stablecoins enable fast international money transfers, but recipients often still need to convert tokens, withdraw funds, or access cash before they can actually spend the money. A study by Bank of Italy researchers published in July shows that USDC transfers between Italy and Brazil carry variable costs depending on direction, ranging from 2.21% to 2.70% on a 200 dollar amount. The key advantage of stablecoins is the flexibility they give recipients, who can choose to keep part of their balance in dollars and convert only what they need for local expenses. Cost comparisons often overlook the additional burden placed on recipients unfamiliar with crypto apps, an aspect typically excluded from blockchain fee estimates. The choice of payment service should primarily consider what the recipient can actually do with the money received, rather than the sender’s preferences alone.
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