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Project Overview
Borderless.xyz is a payments infrastructure platform that allows global money transactions between stablecoins, real-world assets, and other “internet-native currencies” and fiat currencies.
AI-native blockchain development framework Canopy completes $8.5 million seed funding round, with participation from Fenbushi Capital and others
Canopy, an AI-native blockchain development framework, has announced the completion of an $8.5 million seed funding round, with participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital. The new funds will be used to support its mainnet launch, expand its engineering team, and advance the development of AI-native development tools and the developer experience. The goal is to compress complex decentralized application development into readable code, enabling both developers and AI coding assistants to rapidly generate complete applications. (Crypto News)
Cross-chain platform Squid completes $6 million strategic funding round, led by North Island Ventures
According to The Block, cross-chain infrastructure platform Squid has raised $6 million in strategic funding, led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. The funds will be used to launch a new consumer-facing product. Fig, co-founder of Squid, stated that the product will leverage Squid’s routing and settlement infrastructure to enhance the experience of accessing and managing crypto assets. Squid said that since its launch in 2023, the platform has processed over $6 billion in transaction volume and more than 4 million transactions across more than 100 blockchain networks, serving over 1 million users.
Cross-chain platform Squid completes $6M strategic funding round, with participation from Ripple and others
OdailyOdaily reports that Squid, a cross-chain infrastructure platform, has completed a $6 million strategic funding round led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others.It is reported that Squid was initially incubated within the Axelar ecosystem before developing into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, covering more than 100 blockchains, with over 4 million cumulative transactions and over 1 million users.Following this funding round, Squid's total cumulative funding has reached $13.5 million. The company plans to use the new funds to launch new consumer-facing products, further streamlining the process for users to access, manage, and use crypto assets across different chains.
Tokenization startup Brix closes $5.5M funding round, with participation from Circle Ventures and others
According to The Block, Brix—a startup focused on tokenizing emerging-market assets—has announced a $5.5 million funding round. Participants include Yapi Kredi’s venture capital arm, FRWRD, IS Asset Management, and crypto investment firms Circle Ventures, ConsenSys, and Borderless Capital. Brix plans to launch on the MegaETH network, aiming to bring traditionally institutional trading strategies—such as Turkish lira arbitrage—on-chain.
Analysis: Stablecoin Cross-Border Payment Costs Dip Below Interbank Exchange Rates, with Routing Selection Becoming the Largest Cost Variable
According to Borderless' Q2 2026 Stablecoin Payment Benchmark Report, stablecoin cross-border payment prices remained below interbank foreign exchange rates for three consecutive months in the second quarter, indicating that the cost of on-chain USD settlement is further converging with, and even surpassing, the traditional financial system. Based on data analysis from 108 countries and 260 payment corridors, the report shows that the median "Parity Gap" (the difference between the stablecoin delivery price and the interbank exchange rate) for stablecoin payments in Q2 was negative 3.2 basis points (bps). In June, this metric reached its lowest level this year at negative 5.9 bps, meaning the overall delivery price for stablecoin cross-border transfers was lower than the interbank market mid-rate.Borderless stated that achieving a final delivery price below the interbank exchange rate is quite rare for any cross-border payment mechanism. This data reflects the actual cost paid by customers, including fees, rather than the pure foreign exchange execution price.The report points out that the "transfer cost" for stablecoin payments is becoming commoditized. In Q2, the average cost of transferring $10,000 via mainstream corridors was approximately $27, and has remained near this level for five consecutive months. As competition among different service providers intensifies, the lowest quoted price changes continuously, but market prices are gradually stabilizing.As payment costs converge, the choice of service provider becomes the new core cost factor. Borderless refers to this phenomenon as the "Routing Tax": if a company relies on a single payment service provider over the long term, its costs may be higher than the optimal market price. Data shows that for every $1 million in funds transferred, choosing a single provider compared to the optimal route could result in an additional cost of approximately $2,330. (The Block)
AI-native blockchain development framework Canopy completes $8.5 million seed funding round, with participation from Fenbushi Capital and others
Canopy, an AI-native blockchain development framework, has announced the completion of an $8.5 million seed funding round, with participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital. The new funds will be used to support its mainnet launch, expand its engineering team, and advance the development of AI-native development tools and the developer experience. The goal is to compress complex decentralized application development into readable code, enabling both developers and AI coding assistants to rapidly generate complete applications. (Crypto News)
Cross-chain platform Squid completes $6 million strategic funding round, led by North Island Ventures
According to The Block, cross-chain infrastructure platform Squid has raised $6 million in strategic funding, led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. The funds will be used to launch a new consumer-facing product. Fig, co-founder of Squid, stated that the product will leverage Squid’s routing and settlement infrastructure to enhance the experience of accessing and managing crypto assets. Squid said that since its launch in 2023, the platform has processed over $6 billion in transaction volume and more than 4 million transactions across more than 100 blockchain networks, serving over 1 million users.
Cross-chain platform Squid completes $6M strategic funding round, with participation from Ripple and others
OdailyOdaily reports that Squid, a cross-chain infrastructure platform, has completed a $6 million strategic funding round led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others.It is reported that Squid was initially incubated within the Axelar ecosystem before developing into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, covering more than 100 blockchains, with over 4 million cumulative transactions and over 1 million users.Following this funding round, Squid's total cumulative funding has reached $13.5 million. The company plans to use the new funds to launch new consumer-facing products, further streamlining the process for users to access, manage, and use crypto assets across different chains.
Tokenization startup Brix closes $5.5M funding round, with participation from Circle Ventures and others
According to The Block, Brix—a startup focused on tokenizing emerging-market assets—has announced a $5.5 million funding round. Participants include Yapi Kredi’s venture capital arm, FRWRD, IS Asset Management, and crypto investment firms Circle Ventures, ConsenSys, and Borderless Capital. Brix plans to launch on the MegaETH network, aiming to bring traditionally institutional trading strategies—such as Turkish lira arbitrage—on-chain.
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Analysis: Stablecoin Cross-Border Payment Costs Dip Below Interbank Exchange Rates, with Routing Selection Becoming the Largest Cost Variable
According to Borderless' Q2 2026 Stablecoin Payment Benchmark Report, stablecoin cross-border payment prices remained below interbank foreign exchange rates for three consecutive months in the second quarter, indicating that the cost of on-chain USD settlement is further converging with, and even surpassing, the traditional financial system. Based on data analysis from 108 countries and 260 payment corridors, the report shows that the median "Parity Gap" (the difference between the stablecoin delivery price and the interbank exchange rate) for stablecoin payments in Q2 was negative 3.2 basis points (bps). In June, this metric reached its lowest level this year at negative 5.9 bps, meaning the overall delivery price for stablecoin cross-border transfers was lower than the interbank market mid-rate.Borderless stated that achieving a final delivery price below the interbank exchange rate is quite rare for any cross-border payment mechanism. This data reflects the actual cost paid by customers, including fees, rather than the pure foreign exchange execution price.The report points out that the "transfer cost" for stablecoin payments is becoming commoditized. In Q2, the average cost of transferring $10,000 via mainstream corridors was approximately $27, and has remained near this level for five consecutive months. As competition among different service providers intensifies, the lowest quoted price changes continuously, but market prices are gradually stabilizing.As payment costs converge, the choice of service provider becomes the new core cost factor. Borderless refers to this phenomenon as the "Routing Tax": if a company relies on a single payment service provider over the long term, its costs may be higher than the optimal market price. Data shows that for every $1 million in funds transferred, choosing a single provider compared to the optimal route could result in an additional cost of approximately $2,330. (The Block)
AI-native blockchain development framework Canopy completes $8.5 million seed funding round, with participation from Fenbushi Capital and others
Canopy, an AI-native blockchain development framework, has announced the completion of an $8.5 million seed funding round, with participation from Arrington Capital, Fenbushi Capital, Borderless Capital, and SNZ Capital. The new funds will be used to support its mainnet launch, expand its engineering team, and advance the development of AI-native development tools and the developer experience. The goal is to compress complex decentralized application development into readable code, enabling both developers and AI coding assistants to rapidly generate complete applications. (Crypto News)
Cross-chain platform Squid completes $6 million strategic funding round, led by North Island Ventures
According to The Block, cross-chain infrastructure platform Squid has raised $6 million in strategic funding, led by North Island Ventures, with participation from Ripple, Dialectic, and Borderless. The funds will be used to launch a new consumer-facing product. Fig, co-founder of Squid, stated that the product will leverage Squid’s routing and settlement infrastructure to enhance the experience of accessing and managing crypto assets. Squid said that since its launch in 2023, the platform has processed over $6 billion in transaction volume and more than 4 million transactions across more than 100 blockchain networks, serving over 1 million users.
Cross-chain platform Squid completes $6M strategic funding round, with participation from Ripple and others
OdailyOdaily reports that Squid, a cross-chain infrastructure platform, has completed a $6 million strategic funding round led by North Island Ventures, with participation from Ripple, Dialectic, Borderless, and others.It is reported that Squid was initially incubated within the Axelar ecosystem before developing into an independent platform. Since its launch in 2023, Squid claims to have processed over $6 billion in cross-chain transaction volume, covering more than 100 blockchains, with over 4 million cumulative transactions and over 1 million users.Following this funding round, Squid's total cumulative funding has reached $13.5 million. The company plans to use the new funds to launch new consumer-facing products, further streamlining the process for users to access, manage, and use crypto assets across different chains.
Tokenization startup Brix closes $5.5M funding round, with participation from Circle Ventures and others
According to The Block, Brix—a startup focused on tokenizing emerging-market assets—has announced a $5.5 million funding round. Participants include Yapi Kredi’s venture capital arm, FRWRD, IS Asset Management, and crypto investment firms Circle Ventures, ConsenSys, and Borderless Capital. Brix plans to launch on the MegaETH network, aiming to bring traditionally institutional trading strategies—such as Turkish lira arbitrage—on-chain.
Stablecoin FX services in Latin America and East Africa are approaching “institutional-grade” levels comparable to traditional banking channels.
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.