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

Strategy's Financial Moves Include Share Repurchase and Dividend Changes

Strategy repurchased 2,092,035 shares of its preferred stock for $208.2 million and announced a new dividend schedule for shareholders.

user avatarKofi Adjeman

Kraken Prop Expands Commodity Markets and Lowers Noncrypto Commissions

Kraken Prop has expanded its commodity markets by adding six new options, including gold and oil, while reducing noncrypto commissions to enhance trading options and lower costs.

user avatarNguyen Van Long

Ripple's Institutional Business Growth and Future Predictions

Ripple anticipates significant growth in its institutional business, projecting a substantial revenue increase by 2026.

user avatarSatoshi Nakamura

Noble Schedules USDC Contract and Route Pause for 2027

Noble has scheduled a pause for its USDC contract and remaining CCTP routes on January 12, 2027.

user avatarRajesh Kumar

Circle Announces Reduction of Legacy CCTP Burn Limits

Circle has announced a reduction in legacy CCTP burn limits starting October 31, impacting USDC holders on Noble.

user avatarJesper Sørensen

MEXC's Derivatives Trading Volume Reaches New Heights in Q3 2026

MEXC's derivatives trading volume reached 963 billion in Q3 2026, ranking fourth among exchanges.

user avatarEmily Carter

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.