Sending money can be frustratingly slow and expensive, but it doesn’t have to be.
That’s because stablecoins give you a faster, cheaper, and far more seamless way to move value online.
Keep reading to see how Phantom Cash helps you send money across town or across the world using stablecoins.
Sending money can be slow & expensive
- Domestic transfers: With a bank, sending money to someone else can be costly and slow. That's even the case if you use an app like PayPal or Venmo. Some modern apps (such as Zelle) offer free instant transfers, but only if both you and the recipient have accounts with participating banks.
- International transfers: Sending money abroad is usually slower and more expensive. Traditional bank transfers often go through the SWIFT network, which can take 1–5 business days, although some transfers between major corridors (such as the US and EU) may settle within the same or next business day. Fees for international wires commonly range from $20–$50, with additional intermediary bank charges of $10–$30 and foreign exchange spreads of around 1–3%. Altogether, the total cost can reach 3–7% of the amount sent, and in some remittance corridors with higher spreads it can approach 10%, though this is less common for large bank wires between developed markets.
A new way to send money: Stablecoin platforms
Stablecoins are a type of digital currency generally pegged to real-world currencies like the U.S. dollar, which helps keep their value stable—though it’s still important to be aware of potential risks such as de-pegging.
A growing number of platforms are already routing both domestic and international payments through stablecoins behind the scenes.
This has multiple advantages:
- Speed: Because stablecoins run on blockchain networks that operate 24/7, transfers between crypto wallets often settle within minutes—and in many cases, seconds.
- Low cost: Most of the time, transaction fees are tiny. Instead of several-percent fees, sending a stablecoin usually costs only a few cents.
- Reliability: Transfers are not limited by banking hours, weekends, or holidays. You can send money at 2:00 AM on Sunday, and it will arrive within minutes.
- Global reach: Anyone with internet and a smartphone can use stablecoins, even without a bank account.
- Transparency: You and the recipient can see the transaction on the public blockchain. Every transfer is recorded in a ledger you can check at any time.
Send money domestically & internationally using stablecoins
To send money quickly, you can use a crypto wallet that supports stablecoins.
Using a crypto wallet requires only basic digital skills—you don’t need to understand all the crypto jargon.
A typical stablecoin transfer works like this:
- Get a crypto wallet: Install a browser extension or mobile app that supports stablecoin payments.
- Add funds: Link your bank account or payment card to the platform and deposit money. Next, you can convert that money into a stablecoin (USDT, USDC etc.).
- Enter the recipient: On the platform, select the “send” feature and enter the recipient’s information. This is usually a wallet address.
- Send stablecoins: Choose the amount and send. The platform will transfer the stablecoin funds over the blockchain.
- Recipient cashes out (if needed): The stablecoin funds usually arrive within a few minutes, if not seconds. The recipient can keep the stablecoins as is or easily convert them back to local currency. Most platforms let them “withdraw” stablecoins to their bank or a local exchange. Withdrawals to a bank account are subject to the bank's processing times and may take several business days to complete.
Safety tips when sending money via stablecoins
Before sending money via stablecoins, keep a few simple safety best practices in mind.
The first and most important rule is to double-check wallet addresses. A wallet address is a long string of letters and numbers, and even a small typo can send your money to the wrong person. Before you tap “Send,” compare the address again or use a QR code whenever possible. If someone messages you an address, confirm it through another channel so you know it really came from them.
Another thing to remember is that stablecoin transfers are secure but irreversible. Blockchains don’t have customer support teams that can reverse a payment. Once the money leaves your crypto wallet, it’s final. This is why taking three extra seconds to verify the amount, the address, and the network is one of the best habits you can build. If something looks off, even slightly, pause and check before sending.
If you hold larger amounts of stablecoins or make frequent transfers, you may want to consider a hardware wallet. A hardware wallet stores your private keys offline, making it harder for hackers or malware to reach your funds. Think of it like putting your money in a safe instead of leaving it on your desk. You can still send and receive payments, but the signing of each transaction happens on a physical device you control. It adds an extra layer of protection without making the process complicated. Many people use a hardware wallet for long-term storage and a hot (software) wallet for day-to-day transactions—a simple setup that balances convenience and safety.
Send money with Phantom Cash
Phantom Cash lets you use your crypto for everyday spending.
It builds on what you already do in Phantom—holding, swapping, and sending—and adds new ways to make your money work harder and faster.
Phantom Cash also lets you send crypto and stablecoins to anyone with a crypto wallet, allowing you to move money domestically and across borders in minutes (and in most cases seconds) with minimal fees.
For a full breakdown of everything Phantom Cash can do, check out our help guide.
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Disclaimer: This content is for general educational purposes only. It is not financial advice, investment guidance, or a solicitation to buy, sell, or trade any assets, products, or services. Any examples or strategies discussed are for illustrative purposes only and should not be considered as recommendations.
