Bank of Italy research suggests stablecoins aren't necessarily cheaper for remittances
A mystery-shopping experiment found that exchange fees, foreign exchange spreads and banking rails mean stablecoin remittances are often no cheaper than traditional transfer means.
Coins in this story
Discussion
Related stories
Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot
Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.
Why a guaranteed 4.47% yield on $44 billion of US debt just raised the hurdle for Bitcoin
The US government sold $44 billion of seven-year debt on July 28, and buyers accepted it at a yield of 4.473%. That was 21.3 basis points above the 4.260% yield awarded at June’s Treasury auction. Investors could lend money to Washington for seven years, collect regular interest, and lock in a return approaching 4.5%…
Bitcoin just slept through Japan’s rate decision, but a swollen yen short is quietly threatening a massive margin call
Takata's 1.25% bid failed, while decision-day derivatives showed no active leverage break despite the measurable squeeze setup. The post Bitcoin just slept through Japan’s rate decision, but a swollen yen short is quietly threatening a massive margin call appeared first on CryptoSlate.