The real all-in cost of the stablecoin sandwich (on-ramp + blockchain + off-ramp) compared to Wise and traditional providers, Oct 12, 2026. Crypto and stablecoin rails were cheaper than banks and fintechs on 359 of 360 measured corridors (100%). Crypto rails averaged -1.17% all-in versus 2.15% 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) | 0.13% | 1.61% | Solana | +1.48 pp crypto saves |
| USD → Nigeria (NGN) | -2.52% | -1.28% | Lightning Network | +1.24 pp crypto saves |
| USD → Kenya (KES) | -3.86% | 1.82% | Lightning Network | +5.68 pp crypto saves |
| USD → South Africa (ZAR) | -0.95% | 1.12% | Stellar | +2.07 pp crypto saves |
| USD → India (INR) | -2.00% | 2.33% | Lightning Network | +4.33 pp crypto saves |
| USD → Philippines (PHP) | 0.11% | 1.28% | Stellar | +1.17 pp crypto saves |
| GBP → India (INR) | -1.74% | 1.74% | Lightning Network | +3.48 pp crypto saves |
| EUR → India (INR) | -1.74% | 2.07% | Lightning Network | +3.81 pp crypto saves |
| Corridor | Crypto cost | Traditional cost | Crypto saves |
|---|---|---|---|
| SEK → UAH Ukraine | -5.59% | 4.50% | +10.09 pp |
| USD → PKR Pakistan | -8.28% | 1.42% | +9.70 pp |
| GBP → PKR Pakistan | -7.99% | 1.66% | +9.65 pp |
| AUD → UAH Ukraine | -5.31% | 4.21% | +9.52 pp |
| NOK → PLN Poland | -6.41% | 3.10% | +9.52 pp |
| SGD → PLN Poland | -6.14% | 3.34% | +9.47 pp |
| SEK → PLN Poland | -6.42% | 3.04% | +9.46 pp |
| DKK → UAH Ukraine | -5.59% | 3.84% | +9.43 pp |
| NOK → UAH Ukraine | -5.59% | 3.79% | +9.38 pp |
| EUR → PLN Poland | -6.13% | 3.12% | +9.26 pp |
| Corridor | Crypto cost | Traditional cost | Traditional saves |
|---|---|---|---|
| JPY → UAH Ukraine | 3.93% | 1.38% | -2.55 pp |
| EUR → EUR Germany | 0.04% | 0.05% | +0.01 pp |
| MYR → TRY Turkey | 0.45% | 0.70% | +0.25 pp |
| AED → IDR Indonesia | 0.58% | 0.93% | +0.35 pp |
| NZD → NGN Nigeria | -1.47% | -0.98% | +0.48 pp |
| AUD → COP Colombia | 1.65% | 2.20% | +0.55 pp |
| AED → TRY Turkey | 0.39% | 1.10% | +0.71 pp |
| CHF → IDR Indonesia | 0.78% | 1.52% | +0.74 pp |
| MYR → PEN Peru | 0.66% | 1.49% | +0.83 pp |
| AED → PHP Philippines | 0.10% | 0.96% | +0.86 pp |
Yes, on 100% of the 360 corridors RemitRoutes measures as of Oct 12, 2026. Across all corridors, the average crypto/stablecoin cost was -1.17% versus 2.15% for traditional providers including Wise.
As of Oct 12, 2026, the stablecoin sandwich (on-ramp + Solana + off-ramp via Binance P2P) costs 0.13% all-in on the USD → Mexico (MXN) corridor for a $1,000 transfer. Wise charges 1.61% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 12, 2026, the stablecoin sandwich (on-ramp + Lightning Network + off-ramp via Luno) costs -2.52% all-in on the USD → Nigeria (NGN) corridor for a $1,000 transfer. Wise charges -1.28% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 12, 2026, the stablecoin sandwich (on-ramp + Lightning Network + off-ramp via Luno) costs -3.86% all-in on the USD → Kenya (KES) corridor for a $1,000 transfer. Wise charges 1.82% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 12, 2026, the stablecoin sandwich (on-ramp + Stellar + off-ramp via VALR) costs -0.95% all-in on the USD → South Africa (ZAR) corridor for a $1,000 transfer. Wise charges 1.12% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 12, 2026, the stablecoin sandwich (on-ramp + Lightning Network + off-ramp via CoinDCX) costs -2.00% all-in on the USD → India (INR) corridor for a $1,000 transfer. Wise charges 2.33% on the same corridor. Data from RemitRoutes, updated every 6 hours.
As of Oct 12, 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 2026-10-11). All corridors · all weekly reports · monthly cost index · methodology.