The new 1% remittance tax regulation in the US takes effect. Can stablecoins escape the tax net?

[Crypto World] At the beginning of 2026, the U.S. Treasury Department and the IRS introduced new cross-border remittance tax measures. The key point of this new regulation is that remittance service providers must collect a 1% tax on qualifying remittance transactions.

But here’s an interesting detail—what types of remittances will be taxed? The regulation is clear: cross-border remittances originating from cash or similar "physical payment tools" (such as money orders, bank cashier’s checks, etc.) are subject to taxation. Conversely, transactions conducted via U.S. bank accounts, debit cards, or credit cards are generally not within the scope of taxation.

This measure is part of the Trump administration’s "Big and Beautiful" tax and spending bill, applicable to overseas remittance populations including U.S. citizens and residents.

So the question is—what does this mean for cryptocurrencies and stablecoins? Some tax professionals have suggested: "Cryptocurrency and stablecoin transfers are not considered taxable remittance transfers." In other words, stablecoins may not fall under the scope of this tax’s "physical payment tools." It sounds promising, but there’s a caveat—the actual situation has not yet been finalized. This leaves a mystery for stablecoins and crypto transfers.