Updates
Borderless.xyz CEO Kevin Lehtiniitty Urges Unified Approach to Stablecoin Infrastructure in American Banker Feature
Apr 24, 2025
In a recent American Banker article examining the rise of cross-border stablecoin payment networks, Kevin Lehtiniitty, CEO of Borderless.xyz, underscored the growing risk of fragmentation as stablecoin issuers build out their own ecosystems. As the CEO of a stablecoin payments network, Lehtiniitty called for a more unified infrastructure approach.
“There is still room for more interoperability by developing a technology layer that can bring different networks together,” Lehtiniitty said in an email to American Banker.
He added, “As issuers race to build their own networks, fragmentation will accelerate. This moment reinforces the need for a credibly neutral layer, one that welcomes every stablecoin, chain, and geography. It's a bigger-pie moment, not winner-take-all—and the networks that win will be open by design, built for interoperability and global reach.”
Lehtiniitty’s comments reflect Borderless.xyz’s ongoing mission to provide infrastructure that enables seamless stablecoin and fiat liquidity across borders. As traditional financial institutions and crypto-native firms launch competing networks, Borderless.xyz advocates for a collaborative future built on open standards.
For the full article, visit American Banker.
