The Bank of Italy's recent analysis shows that stablecoins do not consistently reduce costs in cross-border remittances. Instead, fees related to converting fiat currencies and existing payment infrastructure play a larger role in the overall expenses and settlement times.
According to the researchers, blockchain transaction fees were a minor factor compared to the traditional banking elements impacting the cost differences in remittances made with stablecoins. This suggests that while stablecoins offer speed and transparency, their financial advantage over conventional methods remains uncertain.
