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Report: Stablecoin remittances cut transfer costs by 84%

Stablecoin-funded remittances are continuing to outcompete traditional money transfers on cost, according to a new third-quarter report from Borderless.xyz, a stablecoin payments network. The report frames digital-dollar rails as one of the most direct real-world applications for stablecoins: moving money across borders while keeping fees—and effective exchange costs—lower. Borderless.xyz estimates that sending a $200 remittance using stablecoin-funded payment rails costs a median 1% (about $2), compared with 6.36% (about $12.72) for traditional remittances, using World Bank data for comparison. The analysis suggests stablecoin-funded transfers are roughly 84% cheaper on average, though the figures rely on Borderless’s third-quarter 2026 pricing alongside World Bank figures from the same period in 2025. Key takeaways A $200 remittance via stablecoin-funded rails is priced at a median 1% (≈$2), versus 6.36% (≈$12.72) for traditional remittances, using World Bank comparison data. Est...
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Crypto PACs Ramp Up Spending vs. Sherrod Brown in Ohio Senate Bid

Crypto-aligned political spending is intensifying ahead of the 2026 midterm elections, with a major Fairshake affiliate boosting its media budget for Ohio’s Senate race. New Federal Election Commission (FEC) filings show Defend American Jobs—an affiliate that backs Republican candidates in primaries and general elections—has raised planned expenditures by more than 50% compared with the amount it initially announced in September. In the Ohio contest, Defend American Jobs reported $46.6 million in media spending aimed at opposing former U.S. Senator Sherrod Brown and supporting Republican incumbent Jon Husted, according to Thursday FEC filings. That figure marks an increase from the $30 million Fairshake said it would spend earlier in the cycle, underscoring how quickly the campaign’s advertising footprint is expanding late in the contest. Key takeaways FEC filings show Defend American Jobs spent $46.6 million on ads opposing Sherrod Brown and supporting Jon Husted in Ohio’s 2026 Sena...
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Report: Stablecoin remittances cut transfer costs by 84%

Stablecoins are continuing to carve out a clear niche in cross-border payments, with a new Borderless.xyz report pointing to major savings versus traditional remittance rails. The study focuses on payments funded via stablecoin payment networks and compares those costs with figures drawn from World Bank data. Borderless.xyz estimates that sending a $200 remittance using stablecoin-funded rails costs a median of 1%—about $2—versus 6.36% (about $12.72) for traditional transfers. The gap persists across multiple regions and extends beyond consumer remittances to larger business payments. Key takeaways A $200 stablecoin-funded remittance is priced at a median 1% (about $2) compared with 6.36% (about $12.72) for traditional remittances, based on World Bank-referenced pricing. Borderless data suggests stablecoin-funded remittances are substantially cheaper in Sub-Saharan Africa and Latin America. Settlement speed can be measured in minutes for stablecoin-funded payouts, with performanc...
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Crypto PACs Boost Spend Targeting Sherrod Brown in Ohio Senate Race

Crypto-backed political spending is intensifying as the 2026 midterm elections approach, with new Federal Election Commission (FEC) filings showing that affiliates linked to the Fairshake political action committee (PAC) have boosted their previously announced buy of Ohio Senate advertising. According to Thursday FEC reports, Defend American Jobs—an affiliate that backs Republican candidates in primaries and general elections—spent $46.6 million on media opposing former Senator Sherrod Brown and supporting Republican incumbent Jon Husted in Ohio. The amount represents a substantial increase from the $30 million Fairshake initially said it planned to spend when it first described its Ohio strategy in September. Key takeaways Defend American Jobs spent $46.6 million on Ohio Senate ads, surpassing Fairshake’s earlier $30 million estimate. Ohio’s early voting is already underway , with ballots cast for more than 10 days as the election nears in under three weeks. Another crypto-...
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Wall Street Closes at 4 as Tokenized Stocks Keep Trading After Hours

Tokenized stocks are increasingly finding a buyer outside traditional market hours, as trading volume for onchain equities shifts to evenings and overnight sessions. New figures compiled from industry datasets suggest that for platforms operating on networks including BNB Chain, Solana and Base, the “after-hours” pattern is no longer an edge case—it is where most activity is happening. Meanwhile, the wider crypto business agenda moved forward on three other fronts: corporate Bitcoin treasury expansion at Strive, rising financing friction for miners chasing AI-era compute, and a proposed US accounting change that could make certain stablecoin holdings easier for companies to treat as cash equivalents. Here’s what to know. Key takeaways More than 70% of tokenized stock trading volume on BNB Chain occurs outside US regular trading hours, according to Blockworks data cited by The Kobeissi Letter. Tokenized equities reached nearly $3.3 billion in total value onchain over the past 30 day...
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Bitcoin Holds Near $82K as Warsh Signals No Rate-Hike Roadmap

Bitcoin hovered near the $82,000 area around Friday’s Wall Street open as broader risk sentiment steadied. The move came alongside a rebound in South Korean equities, after a sharp sell-off had heightened volatility for crypto and other high-beta assets. Traders also pointed to a potentially easing tone from Federal Reserve Chair Kevin Warsh during a public appearance with International Monetary Fund (IMF) Managing Director Kristalina Georgieva—comments that helped reduce market expectations for another rate hike later this year. Key takeaways Bitcoin’s volatility eased as South Korea’s KOSPI Composite Index rose about 2% on the day, partially offsetting a week-long decline. Warsh did not signal urgency for additional interest-rate hikes, and traders cut the probability of an October 25-basis-point increase to 15% from 27% the prior day, according to CME FedWatch. US Treasury yields were still elevated, with the 10-year hovering around the 5.07%–5.13% range, keeping pressure on r...
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Karpelès says Ledger’s early implant warnings should have led to action

French hardware wallet vendor Ledger has faced mounting scrutiny over how quickly it responded to reports of malicious “implants” affecting devices sold through third-party marketplaces. According to Mark Karpelès—former CEO of the now-collapsed Mt. Gox—he was aware of tampering alerts reaching Ledger months before the company’s latest public security crisis came to light. The issue resurfaced on Oct. 9, after crypto losses were reported involving wallets sold through CryptoBilis, a Southeast Asia reseller that Ledger has described as authorized. Ledger confirmed that at least one affected device contained an unauthorized implant, according to Cointelegraph’s reporting. Key takeaways Mark Karpelès says multiple parties warned Ledger about potentially tampered devices months before Ledger’s October security developments. Security researcher Joe Grand reported a malicious implant in a Ledger Nano X to Ledger on March 4, 2026, after the device was bought on Lazada in August 2025. Gr...
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