(20 August 2025 – United States) Remitly will integrate stablecoins into its global payments network, adding a new wallet, payout options and tokenized treasury tools to lower remittance fees and enhance reliability in over 170 countries.
Remitly, the Seattle-based Fintech that primarily supports overseas workers to transfer funds home, is set to integrate Stablecoins into its global payment network. The company announced it will release new services using blockchain-based assets pegged to traditional currencies, marking one of its biggest shifts since its founding.
The new offering includes a digital wallet, stablecoin-based payouts through its international remittance network and a redesign of its treasury operations by integrating tokenized US dollar Stablecoins like USDC. The moves represent a significant increase in Stablecoin investment as a tool to make transfers faster, cheaper and more resilient, particularly in emerging markets.
Remitly is also adding Stablecoin rails to its global disbursement network through a new partnership with Bridge, a Stripe company. The partnership will enable customers in select markets the option to receive Stablecoins into a wallet of their choice, seamlessly routed from Remitly’s established fiat infrastructure.
“Remitly Wallet is the ability to hold both fiat and Stablecoins in an account that serves global citizens in a really effective way. It’s incredibly exciting. I always try to look at how the technology solves specific customer pain points, and I see there being two pain points that stablecoins can solve in a five to ten year timeframe” commented Remitly CEO Matt Oppenheimer.
“One is that customers around the globe have a desire to hold more stable currencies that are less volatile, especially in a lot of emerging markets. The second is we have one of the best distribution networks on the planet, and we can send to four billion bank accounts and mobile wallets, we can send to over 470,000 cash pickup locations” Oppenheimer added.
“The second pain point is treasury FX cash management and having that be more real-time and more effective than some of the legacy systems. Our treasury team has launched the ability to leverage stablecoins to be able to improve some of those processes. The volume right now is modest, as I’d expect it to be, but we’re not investing in the next quarter or two. We’re investing in the next round. And I think there’s some exciting things that are going to happen in the stablecoin space.”
Citi forecasts that the total outstanding supply of stablecoins could expand from US$230 billion to as much as US$3.7 trillion by 2030 despite mounting regulatory concerns.