How to Transfer Money Internationally Using Stablecoins: A Step-by-Step Guide
Summary
A practical guide explaining how to transfer money internationally using stablecoins instead of traditional wire transfers. It breaks down the three-step process (on-ramp, blockchain transfer, off-ramp), covers network options like Polygon and Solana with their fees and settlement times, provides a worked example of sending $500 from the US to Mexico, and highlights common mistakes such as sending on the wrong network.
Source
Twitter / XHow to Transfer Money Internationally Using Stablecoins: A Step-by-Step Guidepolygon.technologyKey quotes
· 3 pulledA traditional cross-border wire can cost $30 to $50, carry an FX margin on top, and take one to three business days to land.
You can move money with stablecoins in three steps instead: turn dollars into stablecoins (the on-ramp), send them on a blockchain, then turn them back into local currency at the other end (the off-ramp).
On Polygon Chain the send settles in about 5 seconds for an average fee near $0.002.
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