Remittance Apps Lose Popularity: Growing Interest in Stablecoins

user avatar

by Giorgi Kostiuk

2 years ago

In 2024, a decrease in remittance app downloads has opened up opportunities for the stablecoin market expansion.

Decline in Remittance App Growth

In 2024, a slowdown in remittance app downloads has been observed, defying the previous period's growth trend. This may be attributed to the rising popularity of stablecoins, according to Matthew Sigel, head of digital assets research at VanEck.

Stablecoins Impact on the Money Transfer Market

The use of stablecoins for cross-border payments has grown in recent years due to their speed and lower transaction fees. Projects like Ripple and Solana have actively promoted the use of stablecoins for money transfers, reducing the market share traditional apps hold.

Future Growth Trends of the Stablecoin Market

The stablecoin market continues to expand, and its share in the remittance market is likely to grow. Transaction volumes with stablecoins significantly surpass those of traditional remittances, promising further growth in this segment.

As interest shifts from remittance apps to stablecoins, the digital asset market can expect further development and an increased role in cross-border money transfers.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

CZ Calls Out Elon Musk Amid Binance Hack

Changpeng Zhao, co-founder of Binance, publicly addressed Elon Musk after his mocking response to a significant hack affecting the exchange.

user avatarMaria Fernandez

RUNE Price Surges Amid Ongoing Investigations into Stolen Cryptocurrency

RUNE's price increased from a local low of 0.59 to approximately 0.67 as investigations into stolen cryptocurrency movements through decentralized platforms, including THORChain, intensified.

user avatarGustavo Mendoza

Trezor Issues Urgent Security Warning for Safe 5 Wallets

Trezor has issued a security warning to customers who purchased Safe 5 hardware wallets through the Southeast Asian reseller CryptoBilis since March 2026, advising them to transfer their cryptocurrency to a newly generated wallet due to a potential hidden cellular implant.

user avatarRajesh Kumar

MEXC Introduces Canton 0Fee Carnival for Traders

MEXC has launched the Canton 0Fee Carnival, enabling users to trade CC spot and futures pairs without fees from October 30 to November 30, 2026, and participate in a prize pool of 1 million.

user avatarMiguel Rodriguez

XRP Ledger Foundation Clarifies Proposal's Routine Nature

The XRP Ledger Foundation clarifies that proposed changes to the token approval process are routine improvements and unrelated to any security incidents.

user avatarLuis Flores

XRP Ledger Developers Propose Tighter Token Approval Controls

XRP Ledger developers propose amendments for stricter token approval controls to enhance protocol safeguards and ensure consistent application of approval requirements.

user avatarArif Mukhtar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.