Guatemala's largest bank uses stablecoins to process US remittances According to CoinDesk, Banco Industrial, the largest bank in Guatemala, announced the integration of the blockchain payment protocol SukuPay to process cross-border remittances from the United States to Guatemala using USDC stablecoin. Users only need to enter their phone number on the mobile banking app Zigi to receive funds, with a fixed transaction fee of $0.99 per transaction. SukuPay is developed based on the Polygon network and will be launched in April 2024. It allows users to complete cross-border transfers without creating an encrypted wallet. This is the first time that a large retail bank in Latin America has deeply integrated native encrypted payment protocols.