The Paycoin Index
9.25bps
Average costs of $0.925 to move $1,000 on stablecoin rails — across 9 networks.
INTERVAL
RANGE
Updated · methodology
What it costs to send stablecoins today
rank by
| Chain | Est. fee / transfer | $1,000 (bps) | Typical finality | Score |
|---|---|---|---|---|
| OP Mainnet | $0.000011 | 0.00011 | ~2 s* | 68 |
| Solana | $0.00047 | 0.0047 | ~13 s | 64 |
| Base | $0.00087 | 0.0087 | ~2 s* | 63 |
| Avalanche C-Chain | $0.0015 | 0.015 | ~2 s | 52 |
| Polygon PoS | $0.0020 | 0.020 | ~5 s | 54 |
| BNB Smart Chain | $0.0023 | 0.023 | ~3 s | 62 |
| Arbitrum One | $0.0029 | 0.029 | ~1 s* | 58 |
| Ethereum | $0.170 | 1.70 | ~13 min | 40 |
| Tron | $2.17 | 21.7 | ~1 min | 37 |
Last updated · on-chain gas via public RPCs, native-token prices via CoinGecko
Full cost table, including comparison with card rails, wires and remittance incumbents →
USD stablecoins in circulation
$300.6B
Tether (USDT) supply
$180.3B
USDC supply
$71.7B
Last updated · circulating supply via DefiLlama
Rails dashboard: supply by chain, gas conditions, issuer attestations →
Remittance corridors
Corridor-level comparisons of incumbent remittance pricing (World Bank survey data) against on-chain transfer costs:
- US → MX: United States to Mexico
- AE → IN: United Arab Emirates to India
- US → PH: United States to Philippines
- US → IN: United States to India
- US → GT: United States to Guatemala
- GB → NG: United Kingdom to Nigeria
- SA → PK: Saudi Arabia to Pakistan
- SA → EG: Saudi Arabia to Egypt
- ZA → ZW: South Africa to Zimbabwe
Latest regulatory items
- ECB Piero Cipollone: Next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure
- SEC SEC Proposal Would Address How Investment Advisers and Funds Can Custody Crypto Assets Under the Federal Securities Laws
- Federal Reserve Federal Reserve Board requests public comment on two proposals related to establishing a regulatory framework for Board-supervised payment stablecoin issuers under the GENIUS Act
- SEC SEC Issues “Innovation Exemption” to Facilitate the Trading of Tokenized NMS Stock and Request for Comment
Last updated · official press feeds of the Federal Reserve, SEC and ECB