Remitly has launched Remitly Wallet, a secure multi-currency wallet designed for cross-border payments using stablecoins, aimed at enhancing financial access for users in markets with currency volatility. The wallet will allow customers to hold and manage both fiat currencies and stablecoins, while a partnership with Bridge will enable the receipt of stablecoins through their established network. This initiative is part of Remitly's broader efforts to modernize remittance services and improve global liquidity.

The article discusses the evolution and current state of borderless finance, emphasizing the importance of digital payment solutions in facilitating international transactions. It highlights trends in fintech innovation and the growing demand for seamless cross-border financial services among businesses and consumers alike.

Bolt has introduced stablecoin payments to enhance cross-border commerce for merchants and consumers, offering faster settlements and lower transaction fees. This initiative, part of Bolt Connect, aims to simplify the payment process for digital marketplaces and aligns with a growing trend among global payment firms to adopt stablecoins amidst increasing regulatory support in the U.S.