The real all-in cost of the stablecoin sandwich (on-ramp + blockchain + off-ramp) compared to Wise and traditional providers, Jun 1, 2026. Crypto and stablecoin rails were cheaper than banks and fintechs on 270 of 385 measured corridors (70%). Crypto rails averaged -1.30% all-in versus 0.57% 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) | -0.20% | 1.22% | Solana | +1.42 pp crypto saves |
| USD → Nigeria (NGN) | -3.08% | -1.85% | Stellar | +1.23 pp crypto saves |
| USD → Kenya (KES) | -4.01% | 1.83% | Solana | +5.84 pp crypto saves |
| USD → South Africa (ZAR) | -0.82% | 1.42% | Lightning Network | +2.24 pp crypto saves |
| USD → India (INR) | -3.10% | 1.22% | Stellar | +4.32 pp crypto saves |
| USD → Philippines (PHP) | 0.11% | 1.21% | Stellar | +1.10 pp crypto saves |
| GBP → India (INR) | -2.83% | 0.64% | Stellar | +3.47 pp crypto saves |
| EUR → India (INR) | -2.83% | 0.81% | Stellar | +3.64 pp crypto saves |
| Corridor | Crypto cost | Traditional cost | Crypto saves |
|---|---|---|---|
| EUR → PLN Poland | -12.85% | 1.27% | +14.12 pp |
| SEK → PLN Poland | -13.14% | 0.59% | +13.73 pp |
| KRW → PLN Poland | -13.09% | 0.50% | +13.59 pp |
| GBP → PLN Poland | -12.85% | 0.71% | +13.56 pp |
| USD → PLN Poland | -13.14% | 0.38% | +13.52 pp |
| HKD → PLN Poland | -13.01% | 0.48% | +13.48 pp |
| DKK → PLN Poland | -13.14% | 0.34% | +13.47 pp |
| NOK → PLN Poland | -13.14% | 0.29% | +13.43 pp |
| SGD → PLN Poland | -12.85% | 0.53% | +13.38 pp |
| CAD → PLN Poland | -12.85% | 0.30% | +13.14 pp |
| Corridor | Crypto cost | Traditional cost | Traditional saves |
|---|---|---|---|
| JPY → UAH Ukraine | 3.28% | 0.52% | -2.76 pp |
| NZD → MYR Malaysia | 1.94% | 0.32% | -1.62 pp |
| NZD → KRW South Korea | 1.93% | 0.48% | -1.45 pp |
| BHD → MYR Malaysia | 1.94% | 0.50% | -1.44 pp |
| BHD → KRW South Korea | 1.94% | 0.50% | -1.44 pp |
| AUD → KRW South Korea | 1.69% | 0.34% | -1.35 pp |
| AED → KRW South Korea | 1.54% | 0.25% | -1.29 pp |
| CAD → KRW South Korea | 1.70% | 0.46% | -1.23 pp |
| GBP → KRW South Korea | 1.69% | 0.48% | -1.21 pp |
| CHF → KRW South Korea | 1.69% | 0.55% | -1.14 pp |
Yes, on 70% of the 385 corridors RemitRoutes measures as of Jun 1, 2026. Across all corridors, the average crypto/stablecoin cost was -1.30% versus 0.57% for traditional providers including Wise.
As of Jun 1, 2026, the stablecoin sandwich (on-ramp + Solana + off-ramp via Binance P2P) costs -0.20% all-in on the USD → Mexico (MXN) corridor for a $1,000 transfer. Wise charges 1.22% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Jun 1, 2026, the stablecoin sandwich (on-ramp + Stellar + off-ramp via Quidax) costs -3.08% all-in on the USD → Nigeria (NGN) corridor for a $1,000 transfer. Wise charges -1.85% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Jun 1, 2026, the stablecoin sandwich (on-ramp + Solana + off-ramp via Binance P2P) costs -4.01% all-in on the USD → Kenya (KES) corridor for a $1,000 transfer. Wise charges 1.83% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Jun 1, 2026, the stablecoin sandwich (on-ramp + Lightning Network + off-ramp via VALR) costs -0.82% all-in on the USD → South Africa (ZAR) corridor for a $1,000 transfer. Wise charges 1.42% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Jun 1, 2026, the stablecoin sandwich (on-ramp + Stellar + off-ramp via Coinbase) costs -3.10% all-in on the USD → India (INR) corridor for a $1,000 transfer. Wise charges 1.22% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Jun 1, 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 2026-08-21). All corridors · all weekly reports · monthly cost index · methodology.