Are USDT and USDC Cheaper Than Bank Transfers? What the IMF Actually Says

• IMF says USDT and USDC could make cross-border payments faster and potentially cheaper. 
• Stablecoin costs extend beyond network fees, including exchange charges and fiat conversion costs. 
• IMF warns stablecoins may increase currency substitution, capital-flow volatility, and banking risks. 

Stablecoins such as USDT and USDC could make cross-border payments faster and cheaper by reducing some of the friction built into traditional international transfers, according to the International Monetary Fund. 

However, the IMF has not conducted a definitive fee comparison showing that stablecoins are always cheaper than bank payments. Instead, it says stablecoins have the potential to lower costs while creating additional financial and policy risks.

The difference matters because the final cost of sending USDT or USDC extends beyond the blockchain transaction itself. User…

Read The Full Article Are USDT and USDC Cheaper Than Bank Transfers? What the IMF Actually Says On Coin Edition.