FinClusive and Anclap launched a pilot program on Stellar demonstrating that blockchain-based remittances between the US and Colombia cost roughly half traditional methods (2.68% vs 5.36%), using stablecoins like USDC for faster, cheaper cross-border transfers.
Two Stellar ecosystem companies, FinClusive and Anclap, completed a pilot program showing blockchain remittances can significantly reduce costs and improve speed for cross-border transfers. Using stablecoins including Circle's USDC and Colombian Peso-backed stablecoins, the US-Colombia corridor achieved remittance costs of approximately 2.68%, roughly half the traditional 5.36% average. The pilot demonstrates Stellar's interoperability enabling seamless integration with local banking systems while maintaining low volatility and faster transaction times. FinClusive provides compliance solutions while Anclap offers fintech infrastructure connecting fiat-to-stablecoin conversion with Colombia's local banking and payments systems. Results highlight blockchain's potential to address financial inclusion by making cross-border payments more affordable and accessible for underbanked populations.
