A study by the Bank of Italy has found that there is no consistent cost advantage for using stablecoins for remittances. According to the research, the main factors driving the costs and settlement times of stablecoin remittances are fiat conversion costs and payment infrastructure, rather than blockchain fees.
This is based on reporting from CoinTelegraph, which outlined the key findings of the Bank of Italy's study. The study's results suggest that the benefits of using stablecoins for remittances may not be as clear-cut as previously thought, with traditional costs and infrastructure playing a significant role.
The study's findings have implications for the understanding of stablecoin remittances and their potential to reduce costs and improve efficiency in cross-border payments. As research continues to explore the use of stablecoins and other digital assets for remittances, studies like this one provide valuable insights into the factors that drive costs and settlement times.