"Are stablecoins cheaper than our fiat network?" That's the question we keep hearing over and over again when we talk to large fintechs and payments companies. Intuitively, the answer is both yes and no. In corridors like US to EU, settlement is already same-day and FX spreads are incredibly tight, however, in corridors like South Africa to Brazil, the speed of stablecoins and the reduced refunding requirements in volatile currencies make a lot of financial sense. So how do you figure it where it makes sense? Unlike traditional markets where you can pull up a natural index for rates like Bloomberg, in stablecoins the liquidity is highly fragmented with different on/offramp providers charging vastly different spreads. I'm really excited to bring together a handful of our partners on the Borderless Network to create the first stablecoin <> fiat FX benchmark and make it available for free to everyone building on the stablecoin economy! This is still super early and only tapping into about ~10% of the data from the network. Over the coming months, we'll be rolling out more data from the network, more features, and new connectivity to enable more token and currency pairs. If this aligns with what you’re seeing or gets you excited, quick ask: please contribute feedback, and share this with builders who can help make the Benchmark stronger and more representative. Learn more about the methodology we're using and most importantly, click through the data! borderless.xyz/insights/intr…