The real all-in cost of the stablecoin sandwich (on-ramp + blockchain + off-ramp) compared to Wise and traditional providers, Sep 14, 2026. Crypto and stablecoin rails were cheaper than banks and fintechs on 338 of 385 measured corridors (88%). Crypto rails averaged -1.61% 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) | -4.59% | 0.63% | Solana | +5.22 pp crypto saves |
| USD → Nigeria (NGN) | -3.07% | -1.87% | Lightning Network | +1.20 pp crypto saves |
| USD → Kenya (KES) | -4.01% | 1.66% | Solana | +5.67 pp crypto saves |
| USD → South Africa (ZAR) | -0.89% | 0.86% | Lightning Network | +1.75 pp crypto saves |
| USD → India (INR) | -4.30% | 0.97% | Stellar | +5.27 pp crypto saves |
| USD → Philippines (PHP) | -0.20% | 0.90% | Stellar | +1.10 pp crypto saves |
| GBP → India (INR) | -4.03% | 0.59% | Stellar | +4.62 pp crypto saves |
| EUR → India (INR) | -4.03% | 0.92% | Stellar | +4.95 pp crypto saves |
| Corridor | Crypto cost | Traditional cost | Crypto saves |
|---|---|---|---|
| EUR → PLN Poland | -8.33% | 1.33% | +9.67 pp |
| SEK → PLN Poland | -8.61% | 0.59% | +9.20 pp |
| GBP → PLN Poland | -8.33% | 0.74% | +9.08 pp |
| USD → PLN Poland | -8.61% | 0.46% | +9.07 pp |
| KRW → PLN Poland | -8.56% | 0.50% | +9.06 pp |
| HKD → PLN Poland | -8.48% | 0.48% | +8.96 pp |
| DKK → PLN Poland | -8.61% | 0.33% | +8.94 pp |
| NOK → PLN Poland | -8.61% | 0.31% | +8.92 pp |
| SGD → PLN Poland | -8.33% | 0.55% | +8.88 pp |
| CAD → PLN Poland | -8.33% | 0.33% | +8.66 pp |
| Corridor | Crypto cost | Traditional cost | Traditional saves |
|---|---|---|---|
| JPY → UAH Ukraine | 3.06% | 0.52% | -2.54 pp |
| SAR → COP Colombia | 1.79% | 0.50% | -1.29 pp |
| BHD → COP Colombia | 1.53% | 0.50% | -1.03 pp |
| CAD → COP Colombia | 1.29% | 0.35% | -0.94 pp |
| NZD → COP Colombia | 1.53% | 0.61% | -0.92 pp |
| GBP → COP Colombia | 1.29% | 0.38% | -0.92 pp |
| EUR → COP Colombia | 1.29% | 0.40% | -0.90 pp |
| MYR → COP Colombia | 1.58% | 0.69% | -0.89 pp |
| AED → COP Colombia | 1.12% | 0.25% | -0.87 pp |
| CHF → COP Colombia | 1.29% | 0.62% | -0.67 pp |
Yes, on 88% of the 385 corridors RemitRoutes measures as of Sep 14, 2026. Across all corridors, the average crypto/stablecoin cost was -1.61% versus 0.58% for traditional providers including Wise.
As of Sep 14, 2026, the stablecoin sandwich (on-ramp + Solana + off-ramp via Binance P2P) costs -4.59% all-in on the USD → Mexico (MXN) corridor for a $1,000 transfer. Wise charges 0.63% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 14, 2026, the stablecoin sandwich (on-ramp + Lightning Network + off-ramp via Luno) costs -3.07% all-in on the USD → Nigeria (NGN) corridor for a $1,000 transfer. Wise charges -1.87% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 14, 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 1.66% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 14, 2026, the stablecoin sandwich (on-ramp + Lightning Network + off-ramp via VALR) costs -0.89% all-in on the USD → South Africa (ZAR) corridor for a $1,000 transfer. Wise charges 0.86% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 14, 2026, the stablecoin sandwich (on-ramp + Stellar + off-ramp via Coinbase) costs -4.30% all-in on the USD → India (INR) corridor for a $1,000 transfer. Wise charges 0.97% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Sep 14, 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 2026-09-13). All corridors · all weekly reports · monthly cost index · methodology.