Remitly Integrates Stablecoins to Enhance Cross-Border Transactions

Remitly, a US-based digital financial services provider, is strategically incorporating stablecoins into its global payment network. The MOVE marks a shift from its traditional remittance model, targeting 170 countries where immigrants and overseas workers frequently send money home.

The company announced on 4 August 2025 that stablecoins will be integrated into Core operations—including treasury management, value storage, and global disbursements. Stablecoins' fiat-pegged stability makes them particularly appealing in volatile emerging markets.

A phased rollout begins with Remitly Wallet, a multi-currency digital wallet supporting both fiat and stablecoins. Currently in beta, the wallet is slated for a September launch, offering users cross-border flexibility in fund management.

The initiative builds on Remitly's prior experience with stablecoin development, including its work on USDP for Meta's Novi project. The wallet's design caters to mainstream adoption, bridging the gap for non-crypto-native users.