Trace Finance Joins Borderless.xyz to Strengthen FX Liquidity and Stablecoin Payments in Brazil
Hey Payments Fanatic!
Trace Finance, a Brazilian FinTech focused on cross-border transactions, has officially joined the BorderlessXYZ network, in an attempt to boost foreign exchange liquidity and stablecoin payment solutions throughout Brazil.
This partnership is expected to benefit businesses and individuals engaged in international trade and remittances, providing them with improved access to FX markets and stablecoin-based payment options.
“Brazil remains a key market for stablecoin adoption due to its high remittance volume and appetite for lower-cost, faster settlement options,” said Kevin Lehtiniitty, CEO of Borderless.xyz. “Trace Finance's capabilities align perfectly with our mission, and we're excited to embed their infrastructure into our global network.”
Bernardo Brites, CEO of Trace Finance, added, "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."
Read more global payment industry updates below 👇 and I'll be back with more tomorrow!
Cheers,
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