Stablecoin FX services in Latin America and East Africa are approaching “institutional-grade” levels comparable to traditional banking channels.
Source：
www.theblock.co
According to The Block, data from payment infrastructure firm Borderless shows that stablecoin foreign exchange conversion is gradually reaching price parity with traditional banking channels along key corridors in Latin America and East Africa.
The Latin American market has already achieved “institutional-grade” pricing, with execution costs approaching zero; meanwhile, in the East African market, bid-ask spreads are rapidly narrowing as service provider competition intensifies.
