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Borderless.xyz in Crypto Economy on deepening stablecoin FX discounts and routing emerging as the biggest driver
Aug 19, 2026
The stablecoin bridge
If the exchanges are the engines, stablecoins are the fuel. For Kevin Lehtiniitty, CEO of Borderless, the real breakthrough is the "sandwich" effect of these assets.
"Stablecoins act as a real-time bridge between two real-time payment methods," Lehtiniitty says. He describes a world where a user can move money via a "stablecoin sandwich," converting local fiat to a stablecoin, settling it instantly across borders, and offramping into another local currency.
"What Borderless has built is what we call a stablecoin payments network... An on and off ramp only has to connect to one place, which is Borderless," he notes.
This process bypasses the "walled gardens" of traditional banking, where systems like European SEPA and Brazilian Pix do not communicate directly.
The "Facebook of finance"
As this money moves, it leaves a digital trail. In the legacy world, financial reporting is a labyrinth of protected bank statements. In the new world, it is a public ledger.
"You look at this as like a Facebook of finance," says Aleksey Studnev, CEO of Bitquery. "When you see all connections between all tokens and traders inside blockchain, you don't have this ability in traditional finance."
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