The Banca d’Italia has published a report on digital currency asking the question: Are Stablecoins Efficient for Remittances? The goal was to determine if stablecoins provided an improvement over more traditional payments and transfers regarding cost and speed. The paper reviews transfers of $200 in USDC across ten different countries using both global and local crypto exchanges. In regard to cost, the paper claims there were no systemic advantages, as total cost varied from 0.30% to nearly 9% of the amount transferred. Local instant payment systems can help, and direct spending via stablecoins could drive value for users.