Remittance Protocol Priced for Underperformance

RELY appears significantly undervalued relative to fundamentals. Currently trading at just 8x trailing twelve-month FCF and EBITDA—a compressed multiple that doesn't reflect the trajectory. The protocol is executing rapid expansion while positioning itself as an early stablecoins player in the digital remittance space.

The market narrative matters here. As physical remittance channels face headwinds including new cash flow taxation regimes, there's a structural shift toward on-chain alternatives. Immigration-related sentiment has created noise in traditional markets, but this noise translates into genuine demand acceleration for borderless transfer solutions.

The confluence is compelling: profitability metrics trading cheap, explosive growth phase active, and regulatory tailwinds pushing capital toward digital settlement infrastructure. When sentiment normalizes, the valuation disconnect becomes the story.