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Home›Crypto›Stablecoins›Stablecoin FX priced below interbank rates in Q2, benc…

Stablecoin FX priced below interbank rates in Q2, benchmark shows

Stablecoin payments were priced 3.2 bps below interbank FX rates across 260 trading corridors in Q2, according to the benchmark.

Reported · Written up by our desk · Stablecoins

Stablecoin FX pricing came in below traditional interbank rates in the second quarter, a new benchmark from Borderless.xyz indicates, with stablecoin payment routes carrying a small discount versus interbank pricing.

According to The Block, the benchmark measured stablecoin payments priced 3.2 bps below interbank FX rates across 260 corridors in Q2.

The Block also noted that routing has become the biggest cost lever within stablecoin FX pricing, highlighting how transaction path selection can impact the final cost paid by users.

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Sources

The BlockStablecoin FX priced below interbank rates in Q2, with routing now the biggest cost lever: Borderless

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