Payment Processor Remitly Plans Stablecoin Rollout for International Transfers

Key Points

1. Remitly Wallet, a multi-currency digital wallet, will launch in September 2025 through a partnership with Bridge, a stablecoin infrastructure provider owned by Stripe.

2. The wallet will support stablecoin payouts, enhancing the flexibility and reach of Remitly’s global disbursement network across over 170 countries.

3. Remitly’s existing fiat payment network includes bank transfers, mobile wallets, and cash pickup at over 470,000 locations, with stablecoins now integrated into its treasury operations.

4. Stablecoins, particularly dollar-backed ones, offer users a way to hold money resistant to local inflation while maintaining liquidity, addressing high global remittance fees averaging 6.26%.

5. Remitly previously supported fiat off-ramps for platforms like Coinbase and Novi, reflecting its early involvement in crypto and broader industry trends toward digital financial tools.