The real all-in cost of the stablecoin sandwich (on-ramp + blockchain + off-ramp) compared to Wise and traditional providers, Oct 5, 2026. Crypto and stablecoin rails were cheaper than banks and fintechs on 359 of 361 measured corridors (99%). Crypto rails averaged -1.12% all-in versus 2.07% for traditional providers.
All-in cost for $1,000 sent: on-ramp fee + blockchain network fee + off-ramp FX spread. Negative = recipient receives more than mid-market.
| Corridor | Sandwich cost | Wise cost | Rail | Difference |
|---|---|---|---|---|
| USD → Mexico (MXN) | -4.45% | 1.47% | Solana | +5.92 pp crypto saves |
| USD → Nigeria (NGN) | -1.94% | -0.30% | Lightning Network | +1.64 pp crypto saves |
| USD → Kenya (KES) | -4.02% | 1.61% | Lightning Network | +5.63 pp crypto saves |
| USD → South Africa (ZAR) | -0.36% | 1.52% | Stellar | +1.88 pp crypto saves |
| USD → India (INR) | -2.51% | 1.18% | Stellar | +3.69 pp crypto saves |
| USD → Philippines (PHP) | 0.02% | 1.12% | Stellar | +1.10 pp crypto saves |
| GBP → India (INR) | -2.25% | 0.64% | Stellar | +2.89 pp crypto saves |
| EUR → India (INR) | -2.25% | 1.11% | Stellar | +3.36 pp crypto saves |
| Corridor | Crypto cost | Traditional cost | Crypto saves |
|---|---|---|---|
| USD → PKR Pakistan | -8.11% | 1.62% | +9.72 pp |
| GBP → PKR Pakistan | -7.82% | 1.63% | +9.45 pp |
| KRW → INR India | -2.87% | 5.99% | +8.86 pp |
| USD → GHS Ghana | -7.22% | 1.38% | +8.60 pp |
| SGD → PLN Poland | -4.72% | 3.42% | +8.14 pp |
| EUR → KES Kenya | -5.25% | 2.76% | +8.00 pp |
| SEK → PLN Poland | -4.99% | 2.91% | +7.89 pp |
| CAD → PLN Poland | -4.72% | 3.08% | +7.80 pp |
| NOK → PLN Poland | -4.99% | 2.80% | +7.79 pp |
| AED → PKR Pakistan | -7.85% | -0.06% | +7.79 pp |
| Corridor | Crypto cost | Traditional cost | Traditional saves |
|---|---|---|---|
| JPY → UAH Ukraine | 3.65% | 1.42% | -2.23 pp |
| EUR → EUR Germany | 0.18% | 0.05% | -0.13 pp |
| AUD → COP Colombia | 1.95% | 2.14% | +0.19 pp |
| MYR → TRY Turkey | 0.21% | 0.59% | +0.39 pp |
| GBP → COP Colombia | 1.94% | 2.36% | +0.42 pp |
| MYR → COP Colombia | 2.22% | 2.71% | +0.49 pp |
| NZD → NGN Nigeria | -0.92% | -0.26% | +0.65 pp |
| NZD → COP Colombia | 2.17% | 2.86% | +0.69 pp |
| GBP → NGN Nigeria | -1.16% | -0.46% | +0.70 pp |
| MYR → NGN Nigeria | -0.94% | -0.23% | +0.71 pp |
Yes, on 99% of the 361 corridors RemitRoutes measures as of Oct 5, 2026. Across all corridors, the average crypto/stablecoin cost was -1.12% versus 2.07% for traditional providers including Wise.
As of Oct 5, 2026, the stablecoin sandwich (on-ramp + Solana + off-ramp via Binance P2P) costs -4.45% all-in on the USD → Mexico (MXN) corridor for a $1,000 transfer. Wise charges 1.47% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 5, 2026, the stablecoin sandwich (on-ramp + Lightning Network + off-ramp via Luno) costs -1.94% all-in on the USD → Nigeria (NGN) corridor for a $1,000 transfer. Wise charges -0.30% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 5, 2026, the stablecoin sandwich (on-ramp + Lightning Network + off-ramp via Luno) costs -4.02% all-in on the USD → Kenya (KES) corridor for a $1,000 transfer. Wise charges 1.61% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 5, 2026, the stablecoin sandwich (on-ramp + Stellar + off-ramp via VALR) costs -0.36% all-in on the USD → South Africa (ZAR) corridor for a $1,000 transfer. Wise charges 1.52% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 5, 2026, the stablecoin sandwich (on-ramp + Stellar + off-ramp via Coinbase) costs -2.51% all-in on the USD → India (INR) corridor for a $1,000 transfer. Wise charges 1.18% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 5, 2026, the corridors with the largest crypto advantage over traditional providers are listed in the table above. Crypto rails are most competitive on long-tail corridors where traditional fintechs have lower transaction volume and thinner liquidity pools.
The stablecoin sandwich is a cross-border payment method where dollars are converted to a stablecoin (like USDC) on the sending side (on-ramp), moved instantly across a blockchain network (e.g. Stellar, Solana, Tron), then converted to local currency at the destination (off-ramp). RemitRoutes measures the all-in cost of all three steps to give a true like-for-like comparison with Wise and other fintechs.
All-in cost = on-ramp fee + blockchain network fee + off-ramp FX spread, measured from live provider data updated every 6 hours. Each weekly report is a frozen snapshot (data captured 2026-10-04). All corridors · all weekly reports · monthly cost index · methodology.