United States → Philippines
The Philippines is the world's third-largest remittance recipient, and its established digital wallet ecosystem makes it one of the most-cited markets for stablecoin-based remittance experiments.
Incumbent average cost (Q3 2025, $200 send)
4.52%
On a $200 send
$9.04
Remittances received by Philippines (2024)
~$40B
Incumbent average: World Bank Remittance Prices Worldwide, corridor average total cost for a $200 send, Q3 2025. Inflows: World Bank / KNOMAD estimates, 2024. Total remittance inflows to the Philippines from all corridors; the United States is the largest source.
The on-chain leg on stablecoin rails, right now
| Chain | Est. fee / transfer | $1,000 (bps) | Typical finality | Score |
|---|---|---|---|---|
| Avalanche C-Chain | $0.000045 | 0.00045 | ~2 s | 71 |
| OP Mainnet | $0.00018 | 0.0018 | ~2 s* | 62 |
| Solana | $0.00050 | 0.0050 | ~13 s | 68 |
| Base | $0.00094 | 0.0094 | ~2 s* | 66 |
| Polygon PoS | $0.0016 | 0.017 | ~5 s | 58 |
| BNB Smart Chain | $0.0022 | 0.022 | ~3 s | 66 |
| Arbitrum One | $0.0032 | 0.032 | ~1 s* | 61 |
| Ethereum | $0.025 | 0.25 | ~13 min | 51 |
| Tron | $2.11 | 21.1 | ~1 min | 36 |
Last updated · live gas via public RPCs, prices via CoinGecko
Read this comparison honestly
The stablecoin figures above cover only the on-chain transfer. A real remittance on this corridor also needs an on-ramp (getting from United States currency into stablecoins) and an off-ramp (getting into Philippines local currency in the recipient's hands), and both legs carry fees and FX spread that vary by provider and are not measured here. The incumbent figure, by contrast, is the World Bank's surveyed all-in cost — $9.04 on a $200 send, $45.20 at the same rate on $1,000. What the gap between the two numbers measures is the headroom: the margin available to anyone who can build cheap, compliant ramps around a transfer leg that costs a fraction of a percent (currently ~8.1 bps blended).