#migrant-workers News & Analysis

Iran war puts $124B Gulf remittance lifeline at risk, pushing migrant workers toward stablecoins

Escalating tensions in Iran threaten the $124 billion annual remittance flow from Gulf states to migrant workers' home countries, prompting vulnerable populations to adopt stablecoins as an alternative to traditional banking channels. This geopolitical crisis is accelerating cryptocurrency adoption among unbanked and underbanked migrant workers seeking to protect cross-border payments from currency volatility and potential sanctions disruptions.