Strengthening Global Financial Infrastructure Through Blockchain and Stablecoin Partnerships
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2 min read
Title: Trace Finance Partners with Borderless.xyz to Enhance Stablecoin Payments in Brazil
In a move that highlights the growing importance of stablecoins in international transactions, Trace Finance has partnered with Borderless.xyz to expand its payment capabilities and enhance stablecoin-based operations in Brazil. The collaboration will enable users to access seamless Brazilian Real (BRL) on/off ramps with stablecoins, offering named accounts and third-party payment capabilities at rates close to the mid-market.
This integration is a significant step forward for both companies as they strive to simplify cross-border transactions by leveraging the potential of blockchain technology. As an important market for stablecoin adoption, Brazil presents a compelling opportunity for Trace Finance to expand its reach and provide fast, efficient settlement options for users.
The CEO of Borderless.xyz, Kevin Lehtiniitty, emphasized that their goal has always been to make international transactions simpler and more efficient. He highlighted the alignment between the two companies’ missions, stating that they will work together to create one consolidated infrastructure for global money movement.
The partnership with Trace Finance underscores Borderless.xyz’s commitment to providing a seamless experience for users while fostering innovation in the digital asset space. This move demonstrates a growing trend towards collaboration between traditional finance and blockchain-based solutions.
Key benefits of this integration include:
1. Decreased transaction costs: Stablecoin-based FX operations should now be more affordable, thanks to increased competition and economies of scale.
2. Faster settlement times: By leveraging Borderless.xyz’s infrastructure, users can expect faster transfer speeds, with many transactions happening instantly.
3. Enhanced regulatory clarity: Trace Finance will continue to provide regulatory guidance for users, which is crucial in the cryptocurrency space where laws can vary greatly between countries.
Borderless.xyz has garnered significant attention from major investors like Amity Ventures and executives from leading companies such as Fireblocks, Socure, and Talos. Their commitment to creating a unified infrastructure for global money movement aligns perfectly with Trace Finance’s vision of bridging the gap between traditional finance and blockchain technology.
This partnership further solidifies Borderless.xyz’s position in the market by providing innovative solutions to users looking for faster, cheaper settlement options.
Source: https://coincentral.com/trace-finance-partners-with-borderless-xyz-to-enhance-stablecoin-payments-in-brazil/
