A study by Italian banks found that stablecoin remittances do not have significant advantages in terms of cost and speed

According to Cointelegraph, research by Italian banks has found that stablecoin based remittances do not have any cost or speed advantages over traditional payment channels, and fiat deposit and withdrawal friction is the main reason for cost and transfer delays. Researchers tested 200 USDC remittances made through 10 bidirectional payment channels connecting Italy with Brazil, Argentina, Japan, the United Arab Emirates, and South Africa, and compared end-to-end costs and settlement times with traditional remittance services. Research has found that exchange fees and currency conversion fees constitute the majority of costs, while blockchain transaction fees only account for a small portion.