Stablecoin FX priced below interbank rates in Q2, with routing now the biggest cost lever: Borderless
The Block·Jul 13, 2026·2 sources·positive
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Stablecoin payments were priced 3.2 bps below interbank FX rates in Q2, with routing now the biggest cost lever according to Borderless.xyz.
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THE BLOCK: Stablecoin payments priced below the interbank FX rate every month of Q2, per Borderless' benchmark across 260 corridors. The catch: sticking with one provider instead of routing to the best price costs $2,330 per $1 million moved. https://t.co/YeIoEotYQf
@theblockco
Jul 13, 2026
Stablecoin FX priced below interbank rates in Q2, with routing now the biggest cost lever: Borderless
The Block
Jul 13, 2026