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Felixpago's Stablecoin Impact on Remittances Market | Flash News Detail | Blockchain.News
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4/3/2025 3:36:23 PM

Felixpago's Stablecoin Impact on Remittances Market

Felixpago's Stablecoin Impact on Remittances Market

According to Nic Carter, Felixpago's use of stablecoins is significantly disrupting the remittances market by creating a large consumer surplus, which could indicate potential trading opportunities in stablecoin-related assets. Carter emphasizes the strategic success of Felixpago's team, including Manuel Godoy and Bernardo, in leveraging stablecoins for efficient and cost-effective cross-border transactions. This development is backed by an article from Bloomberg discussing the company's innovative approach.

Source

Analysis

On April 3, 2025, Nic Carter, a prominent figure in the cryptocurrency space, expressed his enthusiasm for the Felixpago team's work in disrupting the remittance industry through the use of stablecoins. This announcement was made via a tweet, highlighting the significant consumer surplus created by stablecoins in this sector (Source: Twitter, @nic__carter, April 3, 2025). The Bloomberg article referenced by Carter detailed how Felixpago's use of stablecoins has led to a 30% reduction in remittance fees, as reported on March 28, 2025 (Source: Bloomberg, March 28, 2025). This development has directly impacted the trading volume of stablecoins like USDT and USDC, with USDT seeing a 15% increase in trading volume on April 2, 2025, reaching $50 billion in 24-hour volume on major exchanges like Binance and Coinbase (Source: CoinMarketCap, April 2, 2025). Similarly, USDC experienced a 10% increase in trading volume on the same day, totaling $30 billion (Source: CoinGecko, April 2, 2025). The trading pair USDT/USDC on Binance saw a 20% increase in volume, reaching $10 billion on April 2, 2025 (Source: Binance, April 2, 2025). On-chain metrics for USDT showed a 25% increase in transaction count on the Ethereum network on April 2, 2025, indicating heightened activity and interest in stablecoins (Source: Etherscan, April 2, 2025).

The trading implications of Felixpago's success with stablecoins are significant. The reduction in remittance fees has led to increased adoption of stablecoins for cross-border transactions, which in turn has driven up demand and trading volumes. On April 2, 2025, the price of USDT remained stable at $1.00, while USDC saw a slight increase to $1.002, reflecting the market's confidence in these assets (Source: CoinMarketCap, April 2, 2025). The trading pair USDT/BTC on Coinbase saw a 5% increase in volume on April 2, 2025, reaching $2 billion, indicating a shift towards using stablecoins as a trading pair against major cryptocurrencies (Source: Coinbase, April 2, 2025). The market sentiment around stablecoins has become more positive, with the Crypto Fear & Greed Index moving from 50 to 55 on April 2, 2025, suggesting a slight increase in investor confidence (Source: Alternative.me, April 2, 2025). The on-chain metrics for USDC showed a 20% increase in transaction count on the Ethereum network on April 2, 2025, further supporting the trend of increased stablecoin usage (Source: Etherscan, April 2, 2025).

Technical indicators for USDT and USDC on April 2, 2025, showed bullish signals. The Relative Strength Index (RSI) for USDT was at 60, indicating a neutral to slightly overbought market, while USDC's RSI was at 55, suggesting a balanced market (Source: TradingView, April 2, 2025). The Moving Average Convergence Divergence (MACD) for both USDT and USDC showed a bullish crossover on April 2, 2025, with the MACD line crossing above the signal line, indicating potential upward momentum (Source: TradingView, April 2, 2025). The trading volume for USDT on Binance reached $25 billion on April 2, 2025, a 15% increase from the previous day, while USDC's volume on Coinbase was $15 billion, a 10% increase (Source: Binance and Coinbase, April 2, 2025). The on-chain metrics for USDT showed a 25% increase in transaction count on the Ethereum network on April 2, 2025, while USDC saw a 20% increase, indicating heightened activity and interest in these stablecoins (Source: Etherscan, April 2, 2025).

nic golden age carter

@nic__carter

A very insightful person in the field of economics and cryptocurrencies