Remitly Goes Crypto: Stablecoins Now Powering Cross-Border Transactions in Core Business Overhaul

Fintech disruptor Remitly just flipped the script on traditional remittances—by baking stablecoins into its core infrastructure. No more waiting days for settlements or swallowing brutal FX fees. This isn't a side experiment; it's a full-scale pivot to blockchain rails.

Why stablecoins? Try instant settlement, 24/7 liquidity, and costs that undercut legacy banking corridors. The move pressures competitors still relying on correspondent banking—a system older than fax machines.

One catch? Volatility fears are so 2021. With USD-pegged assets handling the heavy lifting, recipients get predictable value without touching crypto's wild swings. (Take notes, Wall Street—this is how you actually 'innovate' in payments.)

Expect more fintechs to follow suit as crypto sheds its speculative skin and becomes boring infrastructure—exactly what cross-border payments needed.

Remitly Is Integrating USDC Stablecoin Within Its Arsenal

Remitly’s fiat payment network across 170 countries offers multiple delivery options, including bank transfers, mobile wallets and cash pickups at more than 470,000 locations.

With the integration of stablecoins, the company aims to expand its reach and enhance the flexibility of its remittance services.

As a follow-through, Remitly is introducing the USDC stablecoin into its treasury operations. Through the tokenisation of its USD reserves, Remitly is aiming for instant fund transfers across time zones and on weekends.

This will help the company minimise its reliance on pre-funded currency pools and improve its liquidity.

This stablecoin rollout builds on Remitly’s earlier involvement with crypto. In 2021, Remitly supported fiat off-ramps for platforms such as Coinbase and Novi, helping users convert their crypto into local currency, laying down the foundation for its current approach and tying Web3 infrastructure to real-world financial needs.

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Stablecoin Adoption: Harbinger Of Cheaper Cross-Border Payments

The World Bank averages the global remittance fees at 6.26%, providing a compelling use case for stablecoins to reduce costs, especially in regions historically underserved by traditional banking systems.

Dollar-pegged stablecoins offering a liquid, inflation-resistant store of value have become extremely attractive to Remitly’s growing user base that includes freelancers, small enterprises and families as a means to protect value and mitigate the risks of local currency volatility.

In this context, Remitly is positioning itself as a bridge between legacy finance and the digital asset ecosystem.

: Best New Cryptocurrencies to Invest in 2025

Key Takeaways

• Remitly is integrating stablecoins across its key business areas, including value storage, treasury management, and global disbursements.
• Remitly is adding USDC to its treasury operations
• The company’s Remitly Wallet, currently in Beta will be launched sometime in September this year