The stablecoin remittance app Yousend has formally launched in the UK and Canada following a private beta in which it processed over $1m in transactions using referral-only growth.The company, built on stablecoin settlement rails, has secured regulatory approvals from the UK Financial Conduct Authority, FINTRAC in Canada and the Central Bank of Nigeria.Remittance apps are used specifically to send money across borders, usually from an expatriate or migrant worker to family back home.YouSend’s core infrastructure uses stablecoin settlement to replace the pre-funded float model that underlies most legacy remittance services. Stablecoin settlement is the process of using digital assets on a blockchain to clear and finalise financial transactions.A payment initiated at a traditional bank must pass through clearing networks, central bank accounts and correspondent banking relationships before reaching the final account. This process can take days, especially for international transfers, and is limited by standard banking hours.Stablecoin settlement executes directly on a decentralised blockchain network. When parties transact using stablecoins, the transfer of digital assets from one digital wallet to another represents the immediate transfer of value.Yousend now reports an average settlement time of under 15 seconds across more than 10k processed transactions. The app also offers 24/7 live human customer support, addressing a common pain point among African diaspora communities who are often left navigating automated responses if transfers go wrong. Backers of the company include Digital Currency Group, CMT Ventures, Blockwall, CoinSwitch Ventures and Musha Ventures, as well as angel investor Pule Taukobong.The target corridor is also well-documented. The Africa remittance market received over $104bn in 2024, according to the World Bank. Nigeria alone received $19.8bn, representing 35% of Sub-Saharan Africa's total inflows.