Markets· ★★★· bullish·

Borderless.xyz report finds stablecoin payments beat bank FX rates

  • —Median Parity Gap was -3.2 bps, with stablecoin delivery priced below interbank rates
  • —Median cost to deliver a $10,000 transfer held near 27.2 bps ($27.20) through the quarter
  • —$500 transfers averaged 46.2 bps in delivery costs versus 26.2 bps for $1 million tickets
  • —Median Routing Tax reached 23.3 bps, or $2,330 for every $1 million moved
Why it matters: The data shows stablecoins are already competing with bank FX corridors, and provider choice can matter almost as much as the rail itself.
Source: Crypto Briefing
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