Remittances remain one of the biggest use cases for digital assets, and companies like Western Union are exploring stablecoins as a faster settlement rail. Traditional cross-border transfers can take days and often charge fees averaging about 6% for a $200 transfer, according to estimates from the World Bank.

Stablecoins allow dollar-denominated value to move across blockchain networks with near-instant settlement and lower costs. As demand grows for quicker and cheaper international transfers, blockchain infrastructure is increasingly being tested as a potential upgrade to the global remittance system.