Remitly to Integrate Stablecoins for Global Transfers via Bridge Partnership
Remitly, the Seattle-based fintech specializing in cross-border payments, is preparing to launch stablecoin functionality across its global network. The MOVE targets faster, cheaper transfers for immigrants and overseas workers in over 170 countries.
The company will deploy stablecoins for treasury operations, value storage, and disbursements through a partnership with Bridge, Stripe's stablecoin infrastructure arm. A beta version of the multi-currency Remitly Wallet supporting both fiat and stablecoins is slated for September release.
This strategic pivot leverages stablecoins' price stability—particularly in inflation-prone markets—while avoiding direct exposure to crypto volatility. The Bridge integration will enable direct stablecoin payouts through Remitly's existing transfer rails.