The real all-in cost of the stablecoin sandwich (on-ramp + blockchain + off-ramp) compared to Wise and traditional providers, Sep 7, 2026. Crypto and stablecoin rails were cheaper than banks and fintechs on 330 of 387 measured corridors (85%). Crypto rails averaged -1.23% all-in versus 0.58% 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) | -0.32% | 1.08% | Solana | +1.40 pp crypto saves |
| USD → Nigeria (NGN) | -3.34% | -1.90% | Stellar | +1.44 pp crypto saves |
| USD → Kenya (KES) | -4.04% | 1.77% | Solana | +5.81 pp crypto saves |
| USD → South Africa (ZAR) | -1.47% | 1.18% | Stellar | +2.65 pp crypto saves |
| USD → India (INR) | -4.61% | 1.09% | Stellar | +5.70 pp crypto saves |
| USD → Philippines (PHP) | 0.13% | 1.33% | Stellar | +1.20 pp crypto saves |
| GBP → India (INR) | -4.34% | 0.39% | Stellar | +4.73 pp crypto saves |
| EUR → India (INR) | -4.34% | 0.55% | Stellar | +4.89 pp crypto saves |
| Corridor | Crypto cost | Traditional cost | Crypto saves |
|---|---|---|---|
| EUR → PLN Poland | -7.41% | 1.36% | +8.77 pp |
| SEK → PLN Poland | -7.69% | 0.61% | +8.30 pp |
| USD → PKR Pakistan | -7.96% | 0.34% | +8.30 pp |
| GBP → PLN Poland | -7.41% | 0.74% | +8.16 pp |
| KRW → PLN Poland | -7.64% | 0.50% | +8.14 pp |
| AED → PKR Pakistan | -7.88% | 0.25% | +8.13 pp |
| USD → PLN Poland | -7.69% | 0.43% | +8.13 pp |
| GBP → PKR Pakistan | -7.68% | 0.38% | +8.06 pp |
| HKD → PLN Poland | -7.57% | 0.48% | +8.04 pp |
| DKK → PLN Poland | -7.69% | 0.33% | +8.02 pp |
| Corridor | Crypto cost | Traditional cost | Traditional saves |
|---|---|---|---|
| JPY → UAH Ukraine | 2.73% | 0.52% | -2.21 pp |
| SAR → COP Colombia | 1.35% | 0.50% | -0.85 pp |
| NZD → IDR Indonesia | 1.19% | 0.41% | -0.78 pp |
| CHF → IDR Indonesia | 0.93% | 0.23% | -0.70 pp |
| GBP → IDR Indonesia | 0.93% | 0.23% | -0.70 pp |
| BHD → IDR Indonesia | 1.19% | 0.50% | -0.69 pp |
| BHD → COP Colombia | 1.15% | 0.50% | -0.65 pp |
| AUD → IDR Indonesia | 0.93% | 0.29% | -0.63 pp |
| CAD → IDR Indonesia | 0.93% | 0.36% | -0.57 pp |
| CAD → COP Colombia | 0.91% | 0.35% | -0.56 pp |
Yes, on 85% of the 387 corridors RemitRoutes measures as of Sep 7, 2026. Across all corridors, the average crypto/stablecoin cost was -1.23% versus 0.58% for traditional providers including Wise.
As of Sep 7, 2026, the stablecoin sandwich (on-ramp + Solana + off-ramp via Binance P2P) costs -0.32% all-in on the USD → Mexico (MXN) corridor for a $1,000 transfer. Wise charges 1.08% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 7, 2026, the stablecoin sandwich (on-ramp + Stellar + off-ramp via Quidax) costs -3.34% all-in on the USD → Nigeria (NGN) corridor for a $1,000 transfer. Wise charges -1.90% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 7, 2026, the stablecoin sandwich (on-ramp + Solana + off-ramp via Binance P2P) costs -4.04% all-in on the USD → Kenya (KES) corridor for a $1,000 transfer. Wise charges 1.77% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 7, 2026, the stablecoin sandwich (on-ramp + Stellar + off-ramp via VALR) costs -1.47% all-in on the USD → South Africa (ZAR) corridor for a $1,000 transfer. Wise charges 1.18% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 7, 2026, the stablecoin sandwich (on-ramp + Stellar + off-ramp via Coinbase) costs -4.61% all-in on the USD → India (INR) corridor for a $1,000 transfer. Wise charges 1.09% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 7, 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 2026-09-06). All corridors · all weekly reports · monthly cost index · methodology.