Ripple has published a blog post about the role of stablecoins in the remittance market and how RLUSD can redefine not only it but also the global money movement.
Ripple believes that RLUSD will play a crucial role in the current $685 billion remittance market.
Stablecoin versus traditional remittances
Ripple revealed that last year low- and middle-income countries received $685 billion in remittances — the money that migrants sent home to their families, helping them to pay family expenses and to support local communities. This funds circulation flow constituted roughly 3% of GDP in over 80 countries. For some, it even helped to stabilize national balance sheets.
With over $685B in remittance flows globally in 2024, learn how stablecoins like $RLUSD are redefining global money movement: https://t.co/TQQSp3w5dd💸 Lower fees⚡ 24/7/365 near-instant settlement🔗 Onchain transparency📲 Mobile, digital and built for financial inclusion🌍…
— Ripple (@Ripple) July 11, 2025
However, the traditional remittance system remains too expensive for many users. Often, fees can take away more than 6% of the total transfer and money can take several days to reach the recipient in distant corners of the world. However, this is going to change soon thanks to a wide integration of stablecoins, Ripple stresses.
Now users, instead of using expensive and slow remittance services of Western Union or MoneyGram, can send remittances, say, from the U.S. to the Philippines by buying stablecoins, like USDT or Ripple’s RLUSD, and sending them via a cryptocurrency exchange or a digital wallet.
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Visa giant embracing stablecoins
The recipient will be able to spend those stablecoins, hold them, or exchange them into their local fiat currency. The process of sending will take minutes rather than days and will be much cheaper, since there will be no intermediaries and no traditional banking infrastructure will be used.
Besides, stablecoins can be sent to those who have no access to traditional banking services in developing countries. Fintech giant Visa has also integrated stablecoins. Since June this year, it has expanded stablecoin settlement services to Central and Eastern Europe, the Middle East and Africa (CEMEA) through a partnership with Yellow Card, a fintech platform, and the use of USDC stablecoin.
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Ripple's RLUSD enters remittance game
Ripple reminded that it has also launched a product that has now been integrated into this sphere — the dollar-pegged stablecoin RLUSD.
It has secured all the necessary regulatory permits and licenses to be used for payments and remittances. Besides, Ripple is actively using it in other spheres, such as its recent initiative to donate $25 million RLUSD to sponsor major education nonprofits.