Creating win-win partnerships, Member Exclusive, Payments
Remitly’s next act: Building a multi-rail highway for global money
- A day prior to its earnings call, Remitly introduced partnerships with Circle and Bridge to enable stablecoin integration, starting with USDC, in its wallet.
- We look at the problem Remitly is tackling with the introduction of stablecoins into its ecosystem, and the fresh opportunities opened up by its latest partnerships.
The second quarter of this year saw Remitly hit the right financial notes.
In Q2 2025:
- Send volume increased 40% to $18.5 billion, from $13.2 billion in Q2 2024.
- Revenue increased 34% and totaled $411.9 million, compared to $306.4 million in the same time last year.
- Net income was $6.5 million, compared to a net loss of $12.1 million in the same period last year.
The bigger story, however, was Remitly’s push into digital assets. A day before sharing its quarterly earnings, the company announced its partnerships with Circle and Bridge to integrate stablecoins like USDC into its wallet. It’s a step that suggests remittances may get faster, but also start to look different from the rails they’ve long relied on.
We explore the challenge Remitly is addressing by introducing stablecoins into its ecosystem, and the new opportunities its recent partnerships bring to the table.
Why Remitly is bringing stablecoins onto its platform
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