Svmuu News: As the use of stablecoins in cross-border payments accelerates, the global remittance market—valued at approximately $900 billion—is undergoing a transformation. Industry experts note that, thanks to blockchain technology, stablecoins can significantly reduce the cost and time associated with cross-border transfers, potentially disrupting traditional remittance systems such as Western Union.World Bank data shows that the average fee for cross-border remittances remains above 6%, placing a particularly heavy burden on low-income groups sending money to developing countries.Experts believe that stablecoins enable peer-to-peer transfers via digital wallets, with significantly lower fees and friction compared to traditional channels. On the regulatory front, U.S. PresidentDonald Trumpsigned the GENIUS Act in July, establishing a federal regulatory framework for stablecoins and propelling them into the mainstream financial landscape.Since then, traditional payment and remittance institutions, including Western Union and PayPal, have begun developing stablecoin-related products. Analysts point out that traditional remittance institutions possess global customer networks and mature compliance systems, giving them an advantage in large-scale adoption; however, their existing business models may hinder their transformation.In contrast, crypto-native companies and major exchanges (such as Coinbase and Kraken) offer greater flexibility in technology and product iteration, but still face challenges regarding brand trust and regulatory implementation.The market widely believes that competition in the remittance sector will evolve into a three-way contest among traditional financial institutions, crypto-native companies, and fintech platforms. As regulatory guidelines continue to be refined, the penetration rate of stablecoins in the global remittance market is expected to rise further this year.