Remitly Is Integrating Stablecoins Within Core Business Areas To Power Cross-Border Transactions

The US-based digital financial services company, Remitly, is integrating stablecoins into its global payment network, signalling a strategic departure from its previous international money transfer approach.

Remitly provides its services across 170 countries and is primarily used by immigrants and overseas workers to send remittances back to their home countries.

According to its press release dated 4 August 2025, the company plans to integrate stablecoins across core business functions, including value storage, treasury management, and global disbursements.

Since stablecoins are relatively more stable because of being pegged to fiat currencies such as the dollar, they are gaining more traction in emerging markets or regions with extreme fiat volatility.

Remitly is integrating stablecoins in a phased manner. First, it plans to launch Remitly Wallet, a multi-currency digital wallet which supports both fiat and stablecoins.

While it’s still in beta, the company expects Remitly Wallet to go live sometime in September. The wallet is designed for cross-border flexibility as it allows users to store and manage funds.

I’m curious to see how this plays out. It’s a good sign tha Remitly executes quickly since they had a history with stablecoin development with USDP/Meta’s Novi a few years ago.

It’s a pragmatic distribution of a wallet too, since a lot of “normal” and older customers already use…

— sheilfer (@sheilfer) August 5, 2025

Remitly says that this particular functionality is of great significance as it is especially beneficial to residents residing in regions that face inflation or currency volatility.

At the same time, Remitly is enabling stablecoin disbursements across its global network through its partnership with Bridge (Stripe’s stablecoin infrastructure provider).

Bottom line, starting September this year, users in select markets will be able to receive and send funds in stablecoins, directly converted from Remitly’s existing fiat system into supported digital wallets.

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Remitly Is Integrating USDC Stablecoin Within Its Arsenal

Remitly’s fiat payment network across 170 countries offers multiple delivery options, including bank transfers, mobile wallets and cash pickups at more than 470,000 locations.

With the integration of stablecoins, the company aims to expand its reach and enhance the flexibility of its remittance services.

As a follow-through, Remitly is introducing the USDC stablecoin into its treasury operations. Through the tokenisation of its USD reserves, Remitly is aiming for instant fund transfers across time zones and on weekends.

This will help the company minimise its reliance on pre-funded currency pools and improve its liquidity.

This stablecoin rollout builds on Remitly’s earlier involvement with crypto. In 2021, Remitly supported fiat off-ramps for platforms such as Coinbase and Novi, helping users convert their crypto into local currency, laying down the foundation for its current approach and tying Web3 infrastructure to real-world financial needs.

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Stablecoin Adoption: Harbinger Of Cheaper Cross-Border Payments

The World Bank averages the global remittance fees at 6.26%, providing a compelling use case for stablecoins to reduce costs, especially in regions historically underserved by traditional banking systems.

Dollar-pegged stablecoins offering a liquid, inflation-resistant store of value have become extremely attractive to Remitly’s growing user base that includes freelancers, small enterprises and families as a means to protect value and mitigate the risks of local currency volatility.

In this context, Remitly is positioning itself as a bridge between legacy finance and the digital asset ecosystem.

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Key Takeaways

Remitly is integrating stablecoins across its key business areas, including value storage, treasury management, and global disbursements.
Remitly is adding USDC to its treasury operations
The company’s Remitly Wallet, currently in Beta will be launched sometime in September this year

The post Remitly Is Integrating Stablecoins Within Core Business Areas To Power Cross-Border Transactions appeared first on 99Bitcoins.

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