On July 8, 2026, cross-border financial platform LemFi partnered with stablecoin infrastructure provider BVNK to transition its remittance settlement to stablecoin rails. This upgrade bypasses slow correspondent banking networks to offer near-instant, lower-cost transfers for two million customers. The move operationalises a strategy initiated after a May 2026 investment from Tether, leveraging BVNK's 25+ regulatory licenses to scale secure payments globally.
LemFi-BVNK stablecoin settlement partnership
- ▪The stablecoin settlement upgrade will roll out progressively across LemFi's corridors where local central bank and regulatory frameworks support it
- ▪LemFi partnered with BVNK on July 8, 2026, to move its cross-border settlement onto BVNK's regulated stablecoin payment infrastructure
Correspondent banking inefficiency costs
- ▪According to the World Bank, the global average cost of sending remittances was 6.36% in the third quarter of 2025
- ▪Meeting the United Nations' Sustainable Development Goal target of a 3% remittance cost by 2030 would return roughly US$20 billion annually to families
Stablecoin payment infrastructure growth
- ▪Analysts expect stablecoins to grow from approximately 3% of the cross-border payments market to as much as 20% within a decade
- ▪Real-world stablecoin payment volumes reached US$7.4 trillion over the 12 months preceding July 2026
Tether strategic investment
- ▪Tether made a strategic investment in LemFi in May 2026 to power stablecoin-driven remittances across emerging markets
- ▪The BVNK partnership operationalises the stablecoin settlement strategy LemFi initiated with Tether's investment in May 2026
BVNK regulatory licensing coverage
- ▪BVNK operates a platform with over 25 licences and regulatory approvals across the United Kingdom, Europe, and the United States
- ▪BVNK provides stablecoin payment infrastructure coverage in more than 130 countries for global enterprises
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