[Italian Bank Research Shows Stablecoins Lack Systematic Advantage in Cross-Border Remittances] According to BeInCrypto, research conducted by Italian banks indicates that stablecoins do not possess a systematic cost advantage in cross-border remittances. Researchers tested the transfer of $200 USDC between Italy and Argentina, Brazil, South Africa, the UAE, and Japan, with total fees ranging from 0.3% to 9%. On-chain transfer costs averaged 0.4% of the total, while fees for funding, currency exchange, and withdrawals—reliant on banks and exchanges—drove up overall costs. Transfer speeds varied significantly depending on the destination's infrastructure; Brazil's Pix system completed transfers within 20 minutes, while South Africa required 1 to 2 business days. Stablecoins remain highly dependent on the traditional banking system.