Stablecoin Payments Glossary
Remittances
Remittances are cross-border payments typically sent by individuals to family members or households in another country.
Explanation
Stablecoins may lower remittance costs by enabling direct transfer of value over digital networks. Recipients may retain the stablecoin, convert it into local currency, or spend it within digital payment ecosystems.
Why it matters
Remittance use cases are often cited as a practical application of low-cost blockchain-based payments.
Related terms