Stablecoins offer speed but face hurdles in real-world spending

While stablecoins facilitate rapid cross-border transfers, the practical utility for recipients depends on their ability to convert tokens into local currency for everyday expenses. The process often involves hidden costs, including exchange rate spreads and withdrawal fees, which can make the total transaction more expensive than advertised. Research from the Bank of Italy highlights that the convenience of stablecoin transfers varies significantly based on the recipient's access to digital asset infrastructure and their need for local cash.