LemFi Taps BVNK to Shift Cross-Border Payments to Stablecoin Rails

Cross-border remittances remain costly because transfers often pass through correspondent banks and SWIFT links, adding fees and taking days to settle. The burden falls heavily on diaspora households that depend on money sent home. World Bank data put the global average remittance cost at 6.36% in the third quarter of 2025, more than twice the United Nations’ 3% target for 2030. Meeting that goal could return about $20 billion a year to families worldwide.

LemFi said on July 21, 2026, it will use BVNK’s regulated enterprise infrastructure to route settlement over stablecoin rails. Customers will continue funding and receiving transfers in local fiat currencies, without holding digital assets, while the stablecoin leg runs in the background and settles near instantly. The rollout builds on LemFi’s stablecoin strategy following a May 2026 investment from Tether. Real-world stablecoin payments totaled $7.4 trillion over the previous 12 months.