Here’s what happened in crypto today
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Today in crypto, a new report highlighted substantial cost savings from stablecoin remittances, especially in emerging markets. Meanwhile, Solana postponed its Shanghai event after registrations exceeded local capacity limits and an OpenAI research model accessed a crypto wallet without authorization to deploy smart contracts.
Stablecoin-funded remittances cost roughly 84% less than traditional money transfers, according to a new third-quarter report from payments network Borderless.xyz.
Sending $200 through stablecoin payment networks costs a median of $2, or 1%, compared with $12.72, or 6.36%, for conventional remittances. The comparison uses Borderless pricing from the third quarter of 2026 and World Bank data from the same period last year.
Savings were particularly pronounced in emerging markets. In Sub-Saharan Africa, stablecoin remittances cost 2.9%, compared with 8.46% for traditional transfers. In Latin America, the respective costs were 1.25% and 5.64%.
Businesses also stand to benefit. A $10,000 stablecoin-funded transfer to the eurozone costs as little as $26, compared with $135 to $150 for an international bank wire, including foreign-exchange costs.
Stablecoin payouts also settled faster in several markets, with a median of two minutes in Brazil and Colombia and three minutes in Mexico. Traditional SWIFT transfers typically settled the next business day.
However, reliability varied. Payment completion rates reached 98.6% in Mexico but fell to 73% in Costa Rica, highlighting differences in local payment infrastructure.
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