Remittance apps are experiencing a slowdown in downloads in 2024, while the supply of stablecoins has reached new records. The shift toward stablecoin usage is likely due to their faster transfers, low fees, and lack of commissions. The trend of using stablecoins for cross-border purposes has accelerated during the bull market of 2024. The remittances market is expected to grow by 3.93% in 2025, but stablecoins have the potential to capture a significant portion of the market. The biggest remittance flows are targeting India, Mexico, China, and the Philippines, which are also crypto-friendly regions. The supply of stablecoins is expected to double in the coming year. Stablecoins have the potential to replace some remittance payments sent through fintech apps, but their exact impact is difficult to predict.



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