Stablecoin foreign exchange conversions in Latin America and East Africa are nearing the level of traditional banks.

GateNews

Gate News message, April 9, payment infrastructure company Borderless data shows that stablecoin FX conversions along key corridors in Latin America and East Africa are gradually reaching parity with traditional bank channels. The Latin America market has already shown “institution-level” pricing, with execution costs approaching zero; in East Africa, as provider competition intensifies, spreads are undergoing rapid compression.

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