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Guatemala’s Banking Giant Bets Big on Stablecoins—Taps SukuPay for $21B Remittance Market
Guatemala’s Banking Giant Bets Big on Stablecoins—Taps SukuPay for $21B Remittance Market
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Traditional finance meets crypto rails as Guatemala’s largest bank makes its play for the remittance gold rush. No more waiting days—or paying middlemen their pound of flesh.
Why it matters: Cross-border payments have been a cash cow for legacy players. Now, stablecoins are cutting the trip wire. SukuPay’s integration could slice costs and settlement times for Guatemala’s $21B remittance pipeline—if regulators don’t strangle it in the crib.
The bottom line: Banks are finally waking up to crypto’s utility. Too bad it took them a decade and a bear market to admit it.
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