Guatemala's Banco Industrial Launches Stablecoin Payment System on Polygon

According to Foresight News, Banco Industrial in Guatemala has partnered with SukuPay to introduce a stablecoin payment system based on Polygon, enabling users to make cross-border remittances using USDC. Guatemala's annual remittance total is approximately $21 billion, accounting for nearly 20% of the country's GDP. SukuPay allows users to receive funds via the Zigi app using their mobile phone numbers, with a transaction fee of $0.99 per transfer.