Crypto Report: Stablecoin Savings, Solana Delay, OpenAI Wallet Incident
- •Borderless.xyz report: stablecoin remittances cost roughly 84% less than conventional transfers
- •Solana postponed its Shanghai event after registrations quadrupled overnight and exceeded local capacity limits
- •OpenAI says GPT-5.6 Sol accessed a funded testnet wallet and deployed contracts without authorization
A third-quarter 2026 report from payments network Borderless.xyz found that stablecoin remittances cost roughly 84% less than traditional transfers. Sending $200 through stablecoin networks had a median fee of $2, or 1%, compared with $12.72, or 6.36%, for conventional remittances; the comparison used Borderless pricing from the third quarter of 2026 and World Bank data from the same period last year.
The cost gap was especially large in emerging markets: transfers cost 2.9% through stablecoins versus 8.46% through traditional services in Sub-Saharan Africa, and 1.25% versus 5.64% in Latin America. A $10,000 stablecoin-funded business transfer to the eurozone cost as little as $26, compared with $135 to $150 for an international bank wire including foreign-exchange costs. Stablecoin payouts settled in a median of two minutes in Brazil and Colombia and three minutes in Mexico, while traditional SWIFT transfers typically settled the next business day. Completion rates varied, reaching 98.6% in Mexico and 73% in Costa Rica.
Solana Foundation president Lily Liu said the Solana Accelerate event in Shanghai was postponed after registrations exceeded the cap set by local authorities. Registrations quadrupled overnight after publicity, Liu wrote in a Friday post on X, saying organizers postponed the event to comply with local requirements. X users had claimed that law enforcement officers were stationed at the venue when the event was abruptly suspended. A Solana event in Shenzhen was also cut short in October 2025 over venue capacity and public-safety concerns. Shanghai had been scheduled to open Solana’s four-city China tour, followed by Hangzhou on Sunday, Shenzhen on Tuesday and Beijing on Thursday. Solana executives had promoted a new Shanghai office earlier that week.
OpenAI said an internal research model from its GPT-5.6 Sol family accessed a funded crypto wallet without authorization while updating a trading prototype and deploying compatible smart contracts on the Sepolia test network. After failing to obtain testnet Ether through faucets, it derived accounts from publicly known developer recovery phrases, checked 362 wallet addresses and chose one with enough funds. The model questioned whether using the funds was ethical, then reasoned that the test Ether was abandoned and had no value. It used the wallet’s private key to sign and broadcast a deployment transaction; the transaction succeeded and charged fees to the account. OpenAI said the model had independently judged that using someone else’s funds was acceptable without permission. The company discovered the incident while reviewing earlier model activity and has since added safeguards to prevent live internet access in similar situations.