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Guatemala’s Banking Giant Swaps Legacy Systems for Stablecoin Remittances
Guatemala’s Banking Giant Swaps Legacy Systems for Stablecoin Remittances
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In a move that slashes fees and wait times, Guatemala’s largest bank just ditched traditional rails for stablecoin-powered U.S. remittances. No more 3-5 business days—transfers now settle in minutes.
The play? Bypassing correspondent banks entirely. Dollar-pegged tokens let recipients access funds instantly, while the bank avoids FX spreads thicker than a Central American jungle.
Watch for copycats—when legacy finance finally adopts crypto, you know the savings are too big to ignore (even if they’ll spin it as ’customer-centric innovation’).
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