Mexico, Guatemala, Nigeria, Egypt, India, China Lose Billions Every Year In Remittance Fees – But Stablecoins Could Change Everything

Published on September 17, 2025

By: Tuhin Sarkar

Mexico, Guatemala, Nigeria, Egypt, India, and China suffer billions each twelvemonth successful remittance fees, a achy reality for migrant workers and their families. These fees, often arsenic precocious arsenic 6.5%, devour a immense chunk of nan money meant for captious family support. With billions of dollars disappearing into costly transfers, it’s a financial drain that galore cannot afford. However, there’s a imaginable solution that could alteration everything: stablecoins. By offering debased transaction costs and instant transfers, stablecoins could importantly trim nan fees associated pinch remittances. Migrant workers from these countries could nonstop money location faster and astatine a fraction of nan cost. This elemental alteration could empower families, boost economies, and unlock tremendous savings. The take of stablecoins promises to revolutionize nan remittance process, providing a fairer, much businesslike replacement to accepted methods.

Migrant workers crossed nan world nonstop billions of dollars backmost location each twelvemonth to support their families. In 2025 alone, nan world remittance marketplace is expected to deed $913 billion, according to World Bank data. But there’s a problem. The precocious costs of accepted remittance services, pinch mean fees reaching 6.5%, mean complete $59 cardinal vanishes into transaction fees. This is wherever stablecoins, a caller shape of integer currency, tin make a melodramatic difference.

Stablecoins are poised to prevention workers and their families complete $39 cardinal annually successful remittance fees. With a small, affordable interest structure, stablecoins connection a faster, cheaper, and much businesslike measurement to nonstop money globally. This is simply a crippled changer for migrant workers, peculiarly successful processing countries, wherever remittances play a captious domiciled successful sustaining families. So, really tin stablecoins disrupt nan accepted financial strategy and reshape nan early of world remittance flows?

Rizon found:

• India could prevention astir $5.5 cardinal a year.
• Mexico could prevention a small complete $3 billion.
• China could prevention $2.3 billion.The Philippines, Pakistan, and Bangladesh could each prevention betwixt $1 and $1.8 cardinal each.
• Even countries further down nan list, specified arsenic Guatemala, Nigeria, Egypt, and Ukraine, could still prevention adjacent to a cardinal dollars combined.

In today’s fast-paced world, exertion continues to alteration nan measurement we grip money, and 1 of nan astir important changes is nan emergence of stablecoins. These integer currencies, which are linked to unchangeable assets for illustration nan US dollar, person nan imaginable to prevention billions of dollars successful transaction fees, particularly successful nan remittance sector. But nan benefits of stablecoins widen acold beyond conscionable money transfers. They are group to revolutionise not only nan remittance manufacture but besides nan world tourism market.

As nan world remittance marketplace continues to grow, countries for illustration India, Mexico, China, and nan Philippines dangle heavy connected these funds. Migrant workers nonstop location money to support their families, which helps their location countries’ economies. However, precocious transaction fees often return a ample information of nan money being sent. Stablecoins could alteration this, allowing for faster, cheaper, and much businesslike transfers. By eliminating hefty fees, stablecoins could toggle shape really remittances are sent, providing important savings for workers and their families.

But it doesn’t extremity there. The tourism manufacture stands to use successful a large way. Stablecoins tin make world recreation smoother and much affordable. Here’s a person look astatine really stablecoins could reshape some remittances and nan tourism sector, offering a win-win business for countries, businesses, and consumers alike.

How Stablecoins Work and Why They Matter

Before diving into their impact, it’s important to understand what stablecoins are and really they function. Stablecoins are integer currencies designed to person a unchangeable value. Unlike different cryptocurrencies, which tin up and down wildly, stablecoins are pegged to accepted assets for illustration nan US dollar, nan euro, aliases moreover gold. This intends they support a dependable value, making them an perfect action for world payments.

For example, if you want to nonstop money from nan UK to India, a stablecoin transaction would debar nan volatility that typically comes pinch cryptocurrencies for illustration Bitcoin. This stableness ensures that nan recipient successful India receives an magnitude adjacent to what nan sender intended, without worrying astir melodramatic fluctuations successful nan speech rate.

Stablecoins Are a Game Changer for Remittance Fees

One of nan astir contiguous benefits of stablecoins is their expertise to drastically trim remittance fees. According to investigation from Rizon, a stablecoin app designed for mundane spending, stablecoins tin prevention migrant workers and their families billions of dollars each year. In 2025, $913 cardinal is expected to beryllium sent globally successful remittances, pinch fees presently averaging 6.5%. This intends complete $59 cardinal will beryllium mislaid successful transportation fees alone.

For example, erstwhile a worker sends $50 done accepted channels, they whitethorn suffer up to $3.25 successful fees. But done a stablecoin app, nan interest drops to conscionable $1.09. This is simply a monolithic difference, and erstwhile applied crossed nan billions of dollars sent each year, it becomes clear really transformative stablecoins tin be.

Potential Savings for Major Remittance-Receiving Countries

The effect of stablecoins could beryllium enormous, peculiarly successful countries that person nan astir remittances. Let’s return a look astatine nan imaginable savings for immoderate of nan apical remittance-receiving nations:

• India: India could prevention up to $5.5 cardinal annually if stablecoins were utilized for remittance transfers.
• Mexico: Mexico stands to prevention complete $3 cardinal each year.
• China: China could prevention $2.3 cardinal annually done nan take of stablecoin remittances.
• The Philippines, Pakistan, and Bangladesh: These countries could each prevention betwixt $1 and $1.8 cardinal annually.

Even smaller countries for illustration Guatemala, Nigeria, Egypt, and Ukraine could collectively prevention billions. This money could spell towards basal needs for illustration housing, food, healthcare, and education. Instead of losing a important information of remittances to precocious transaction fees, these savings could amended nan value of life for families and communities worldwide.

How Stablecoins Will Benefit nan Tourism Industry

While stablecoins are already making waves successful nan remittance sector, their imaginable to use nan tourism industry is arsenic impressive. Here’s how:

Lower Transaction Costs for Tourists

When visitors recreation abroad, they often look precocious transaction fees erstwhile making purchases aliases converting money. These costs adhd up quickly, particularly for travellers who are connected a budget. Stablecoins connection a much affordable solution. Because stablecoins person debased fees compared to accepted financial services, visitors tin prevention money connected each acquisition aliases transaction.

For example, alternatively of paying a hefty overseas speech interest aliases a interest for utilizing a in installments paper abroad, a traveller tin usage stablecoins to make purchases pinch minimal charges. This makes it easier for visitors to negociate their money, whether they’re booking hotels, buying souvenirs, aliases enjoying section experiences.

Fast and Efficient Payments Across Borders

Stablecoins alteration speedy and businesslike payments, moreover crossed borders. One of nan main drawbacks of accepted financial systems is nan hold successful processing payments. Bank transfers aliases in installments paper transactions tin return respective days, particularly erstwhile sending money internationally.

With stablecoins, transactions tin beryllium processed successful seconds. This velocity makes a world of quality for travellers who request to make speedy payments aliases are successful a rush. Whether it’s paying for a last-minute formation aliases settling a measure astatine a restaurant, stablecoins guarantee that visitors tin walk their money instantly without waiting for transactions to clear.

Financial Inclusion for Underserved Communities

In galore countries, entree to accepted banking services is limited, peculiarly successful agrarian aliases underserved areas. Stablecoins tin span this spread by providing a low-cost, accessible replacement for group who are different excluded from nan financial system. Tourists visiting distant regions tin use from stablecoins, allowing them to make payments without relying connected accepted banks.

This is peculiarly important successful processing countries wherever entree to banking services tin beryllium scarce. By embracing stablecoins, countries tin pull much visitors and promote section businesses to judge integer payments, further boosting nan section economy.

Avoid Currency Exchange Fluctuations

When travelling abroad, visitors often look nan problem of fluctuating speech rates. One day, you mightiness get a bully speech rate, and nan adjacent day, it could beryllium worse. This unpredictability tin lead to visitors losing money connected rate exchanges. Stablecoins connection a solution. Since stablecoins are pegged to a unchangeable currency, for illustration nan US dollar, visitors tin debar nan consequence of losing money owed to changing speech rates. They tin clasp stablecoins, usage them for purchases, aliases person them to section rate without worrying astir fluctuations.

Simplified Cross-Border Transactions

Stablecoins simplify nan process of making cross-border payments. Tourists nary longer request to woody pinch nan hassle of exchanging rate astatine banks aliases money speech booths, which often travel pinch precocious fees and mediocre speech rates. With stablecoins, visitors tin nonstop money aliases make purchases directly, without nan request for intermediaries aliases middlemen. This seamless process helps travellers prevention clip and money, making nan wide recreation acquisition much enjoyable.

Stablecoins and Tourism: A Powerful Combination

Stablecoins connection important advantages to nan tourism manufacture by reducing costs, expanding efficiency, and providing a much inclusive financial system. By adopting stablecoins, countries and businesses tin cater to nan increasing request for integer payments, making it easier for visitors to walk money, negociate their budgets, and prosecute successful section economies.

The expertise to make low-cost, instant payments is particularly valuable successful nan fast-paced world of travel. Whether it’s booking accommodations, paying for experiences, aliases shopping, visitors tin bask a smoother and much affordable acquisition by utilizing stablecoins. And for businesses, accepting stablecoins opens up caller gross streams, allowing them to pull a wider scope of world customers.

The Role of Stablecoins successful Strengthening Global Tourism

As much group recreation nan world, stablecoins tin play a captious domiciled successful making cross-border transactions simpler and cheaper. Countries that are heavy reliant connected tourism, specified arsenic Thailand, France, and Italy, could greatly use from stablecoins by encouraging much visitors to sojourn and walk money successful their section economies. Stablecoins could go nan caller modular for payment, helping to summation nan travel of money and boosting nan wide economical wellness of nan tourism sector.

The integration of stablecoins into nan tourism manufacture could pave nan measurement for a much inclusive and businesslike system, empowering some visitors and businesses to return afloat advantage of world recreation opportunities. It is clear that nan take of stablecoins could reshape nan tourism landscape, creating caller opportunities for economical maturation and enhancing nan recreation acquisition for everyone involved.

A Bright Future for Stablecoins successful Travel and Remittances

In conclusion, stablecoins are group to revolutionise some nan remittance and tourism industries. They connection a much efficient, cost-effective, and unafraid measurement to nonstop money crossed borders, redeeming billions of dollars successful fees. By adopting stablecoins, migrant workers and their families tin use from little transaction costs, allowing them to nonstop much money location for basal needs for illustration food, healthcare, and education.

In nan tourism industry, stablecoins connection travellers and businesses a chance to trim transaction costs, debar rate fluctuations, and simplify cross-border payments. As stablecoins proceed to summation popularity, they will play a cardinal domiciled successful shaping nan early of world finance, making world recreation much accessible, affordable, and seamless for everyone.

Stablecoins: A Breakthrough for Migrant Workers

Remittances are often nan superior lifeline for families successful countries specified arsenic India, Mexico, China, and nan Philippines. According to Rizon, a stablecoin app created for mundane spending, stablecoins could revolutionize nan remittance manufacture by eliminating nan precocious fees that often travel accepted methods. For instance, erstwhile a worker sends $50, they typically salary astir $3.25 successful fees. Using stablecoins, however, nan aforesaid transaction would costs conscionable $1.09. This represents a important redeeming of complete 66%.

The imaginable effect is immense. India, nan largest remittance-receiving country, could prevention astir $5.5 cardinal annually by switching to stablecoin transactions. Mexico could prevention complete $3 billion, while China could prevention $2.3 billion. Even smaller nations for illustration nan Philippines, Pakistan, and Bangladesh guidelines to prevention billions of dollars successful remittance fees if stablecoins go nan superior method of transfer.

How Stablecoins Save Billions successful Fees

Stablecoins run connected blockchain technology, offering a transparent, decentralised, and unafraid measurement to transportation money. Unlike accepted banks, which tin return days to process transfers and complaint precocious fees, stablecoins tin process transactions almost instantly for a fraction of nan cost. This is peculiarly valuable for migrant workers who request to nonstop money quickly and affordably to their families.

For example, sending $10,000 from nan U.S. to India utilizing stablecoins would only costs astir $7.50—far little than accepted remittance services, which could complaint hundreds of dollars for nan aforesaid transaction. With specified a melodramatic costs difference, migrant workers and their families could nonstop much of their hard-earned money toward basal expenses for illustration housing, food, education, and healthcare.

The Global Impact of Stablecoin Adoption

If stablecoins were adopted connected a world scale, nan world’s apical remittance-receiving countries could collectively prevention billions of dollars each year. Rizon’s calculations show that nan mixed savings could surpass $39 cardinal annually, based connected 2025’s projected remittance figures. This money, alternatively of being wasted connected unnecessary fees, could empower families to amended their surviving conditions and put successful their future.

Countries for illustration Guatemala, Nigeria, Egypt, and Ukraine, which are besides important recipients of remittances, could prevention adjacent to a cardinal dollars collectively. These savings could thief assistance families retired of poverty, amended entree to education, and support healthcare systems that are captious to nan well-being of susceptible populations.

Transforming nan Remittance Model Forever

Stablecoins connection much than conscionable little fees; they besides toggle shape nan remittance exemplary entirely. Traditional remittance services often require nan recipient to prime up nan money successful section currency, which tin beryllium inconvenient and taxable to speech complaint fluctuations. With stablecoins, recipients tin person nan costs successful a integer rate pegged to nan U.S. dollar, a unchangeable and globally recognised currency. This opens up caller possibilities for recipients, who tin now clasp their costs successful stablecoins, nonstop them to others, aliases person them into section rate erstwhile needed.

This caller strategy besides enables recipients to walk their stablecoins via a Visa card, giving them entree to a world costs network. They tin usage nan stablecoins for regular purchases, retreat rate from ATMs, aliases transportation nan costs to others without worrying astir nan precocious costs of accepted slope transfers aliases rate exchanges.

A New Era for nan Global Economy

As countries for illustration India, Mexico, and China trust heavy connected remittances to support their economies, nan imaginable benefits of stablecoin take are clear. By reducing nan costs of transferring money, stablecoins tin boost nan financial well-being of millions of families. They tin thief migrant workers support much of their net and nonstop much money location to those who dangle connected it.

Moreover, nan world system could use from nan emergence of stablecoins arsenic well. By creating a much businesslike and cost-effective remittance system, stablecoins could thrust greater financial inclusion, peculiarly successful processing countries wherever entree to accepted banking services is limited. This could lead to accrued savings, investments, and economical improvement successful these regions.

Donald Trump’s Remittance Tax and nan Urgency for Change

The urgency for stablecoin take is further amplified by caller governmental changes, specified arsenic nan 1% remittance taxation announced by erstwhile U.S. President Donald Trump. This taxation could importantly summation nan costs of sending money home, making it moreover much captious for migrants to activity cheaper and much businesslike ways to transportation funds. Stablecoins connection a solution that could mitigate nan effect of this caller tax, enabling workers to proceed supporting their families without losing a important information of their net to transaction fees.

As remittance fees proceed to load migrant workers and their families, stablecoins coming a powerful opportunity to break free from nan precocious costs of accepted transportation services. By offering a much affordable, faster, and elastic solution, stablecoins could thief unlock nan afloat imaginable of world remittances and bring financial alleviation to millions of people.

The Future of Remittances pinch Stablecoins

Looking ahead, nan early of world remittances could beryllium transformed by stablecoins. The exertion down stablecoins, specified arsenic blockchain, provides a unafraid and transparent measurement to process transactions, making it an perfect solution for nan remittance industry. As much countries and migrants adopt stablecoins, nan financial scenery will proceed to evolve, creating a much businesslike and accessible strategy for sending money globally.

Governments, financial institutions, and exertion companies will request to collaborate to guarantee that nan modulation to stablecoins is soft and secure. Regulatory frameworks will request to beryllium established to guarantee that stablecoins are utilized responsibly and safely. However, pinch nan imaginable savings and benefits for migrant workers and their families, stablecoins correspond a measurement guardant successful creating a much equitable and businesslike world financial system.

Stablecoins arsenic a Lifeline for Migrant Workers

In conclusion, stablecoins are group to revolutionise nan remittance industry, offering an affordable, fast, and unafraid replacement to accepted transportation methods. By reducing fees and expanding efficiency, stablecoins tin prevention migrant workers and their families billions of dollars each year. With nan world remittance marketplace continuing to grow, nan take of stablecoins could thief millions of group amended their financial well-being and create caller opportunities for economical development.

For countries for illustration India, Mexico, and China, stablecoins connection a chance to prevention billions successful transportation fees and put that money backmost into nan hands of those who request it most. As nan world moves towards a integer financial future, stablecoins are emerging arsenic nan cardinal to unlocking a much equitable and businesslike world remittance system.

Source: Rizon