2026-04-09 14:36:21
Stablecoin foreign exchange conversions in Latin America and East Africa are nearing the level of traditional banks.
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 banking channels. In the Latin America market, “institution-level” pricing has already emerged, with execution costs close to zero; in East Africa, as competition among service providers intensifies, spreads are rapidly narrowing.