Stablecoin Foreign Exchange Exchange Nears Traditional Banking Levels in Latin America and East Africa

Gate News reports that on April 9, payment infrastructure company Borderless Data shows that stablecoin foreign exchange exchanges in key corridors of Latin America and East Africa are gradually achieving parity with traditional banking channels.
The Latin American market has now reached an "institutional" pricing level, with execution costs approaching zero; the East African market, as competition among service providers intensifies, is experiencing a rapid narrowing of spreads.