Updates
Trace Finance Joins the Borderless.xyz Network, Providing Bare-Metal FX Liquidity in Brazil
Apr 17, 2025
We’re excited to announce that Borderless.xyz has formed a new partnership with Trace Finance, enhancing our orchestration network throughout Brazil. This collaboration means financial institutions, fintechs, payment providers, and corporates can seamlessly tap into Trace Finance’s local rails through our integrated platform, leading to more liquidity, robust reliability, cost reductions, and expanded counterparty choices.
A leader in powering aggregators like dLocal in Brazil, Trace Finance now offers their bare-metal capabilities directly through the Borderless Network reducing FX costs of stablecoin transactions and providing a more streamlined, transparent, and secure cross-border experience.
“Our goal has always been to make cross-border transactions simpler and more efficient,” said Kevin Lehtiniitty, CEO of Borderless.xyz. “Brazil remains a priority market for stablecoin transfers because they offer faster, lower-cost remittance options. Trace Finance’s expertise in powering digital asset solutions throughout Brazil makes them an ideal partner for us, and we’re thrilled to integrate their local rails and bare-metal FX capabilities into our global network.”
“We’re thrilled to join such a powerful network. This partnership will give Borderless’ current partners access to seamless BRL on/off ramps with stablecoins, named accounts, and third-party payments—delivered at rates close to mid-market’’ - said Bernardo Brites, CEO of Trace Finance.
‘’Trace Finance already moves hundreds of millions of USD every month, and by joining Borderless, we’ll further enhance our payment capabilities, unlock new corridors, and offer instant settlement with industry-leading pricing.”
With Trace Finance on board, Borderless.xyz continues its mission to unify the world’s leading stablecoin platforms under one consolidated network, guaranteeing seamless access to local payment infrastructure across multiple regions. This collaboration moves us closer to making on-chain transactions more accessible and compatible with traditional finance everywhere.
Read the full announcement here.
