Remitly Integrates Stablecoins to Boost Cross-Border Payment Efficiency by 2025

Remitly, a Seattle-based fintech firm, announced plans to integrate stablecoin functionality into its global payment platform, aiming to improve the efficiency and cost-effectiveness of cross-border transactions. The initiative, set to roll out by September 2025, will leverage Bridge, a Stripe-owned infrastructure provider, to facilitate stablecoin transfers and storage across 170+ countries. The move is driven by growing demand in high-volume economic corridors and the need for faster, more stable alternatives to traditional fiat transfers, particularly in markets experiencing currency volatility [1].

The integration involves a multi-phase rollout that includes wallet storage, cross-border payouts, and seamless digital asset transfers. By utilizing stablecoin technology, Remitly seeks to address inefficiencies in international remittances and enhance liquidity for users. This aligns with broader industry trends showing a significant rise in stablecoin use for cross-border payments. A previous growth trend in the sector saw a 30x increase in monthly stablecoin transaction volume to $3 billion by 2025 [2].

According to Remitly’s CEO and co-founder, Matt Oppenheimer, the firm is “proud to share how we’re innovating with stablecoin to introduce new ways to manage, store, and move value across borders.” The company aims to make global money transfers faster and more cost-efficient, particularly for high-volume corridors. The initiative is expected to influence how digital assets are adopted in the broader financial ecosystem, potentially reshaping traditional remittance channels [3].

While the market’s reaction to the move has yet to be widely reported, the integration is seen as a strategic step in the fintech industry’s ongoing shift toward digital assets. Remitly’s approach could enhance the liquidity and efficiency of global transfers, particularly in regions where traditional currency systems struggle with instability. However, the company also issues a disclaimer that cryptocurrency markets are volatile and that investing in digital assets involves risks [4].

Source:

[1] Remitly Launches Stablecoin for Global Transfers (https://coinmarketcap.com/community/articles/6891aabaaa37d234a90f2d1e/)