LemFi partners BVNK to move remittances onto stablecoin rails
LemFi has partnered with BVNK to shift its cross-border settlement onto regulated stablecoin rails, replacing slow, costly correspondent banking chains with near-instant, lower-cost transfers. The move builds on LemFi's May 2026 strategic investment from Tether and aims to put more of every remittance back into the hands of the two million users who send money from the UK, Europe, Australia and North America to beneficiaries across Africa, Asia and Latin America.
According to the World Bank, the global average cost of sending remittances was 6.36% in Q3 2025 - more than double the UN's 3% Sustainable Development Goal target for 2030. Hitting that 3% target would return roughly US$20 billion a year to families worldwide. Faster, cheaper settlement is a direct lever to close that gap, and stablecoin settlement is exactly the layer LemFi and BVNK are rebuilding.
Stablecoin payment volumes already hit US$7.4 trillion over the past year, and analysts expect stablecoins to grow from about 3% of the cross-border payments market today to as much as 20% within a decade. The upgrade works behind the scenes; customers never hold or see stablecoins and continue to send and receive money in their local currency. LemFi says the partnership is as much about trust as speed, citing BVNK's 25+ licences across the UK, Europe and the US and coverage in over 130 countries. Rollout will proceed market-by-market where local regulators allow it.
Will lower remittance fees let you send more home, or will you keep the same amount and save the difference?