Borderless.xyz Partners with Trace Finance to Power Low-Cost Stablecoin FX and BRL On/Off Ramps in Brazil

21 April 2025 | Monday | News

Integration of Trace Finance’s FX liquidity and local payment rails into Borderless.xyz boosts cross-border settlement efficiency, unlocking faster, transparent, and mid-market-rate stablecoin transactions across new corridors.

 Borderless.xyz, a global payments infrastructure company that enables transactions using stablecoins and real-world assets (RWAs), is pleased to welcome Trace Finance, a leading provider of digital asset infrastructure in Brazil, to its growing network. Through this partnership, Trace Finance's robust bare-metal FX liquidity and deep local payment rails will be seamlessly integrated into the Borderless.xyz stablecoin orchestration platform.

Known for powering aggregators like dLocal, Trace Finance brings proven expertise in cross-border settlement. This integration is set to significantly reduce the cost of stablecoin-based FX transactions while offering institutions and enterprises a faster, more transparent, and secure experience across borders.

Kevin Lehtiniitty, CEO of Borderless.xyz, shared his perspective on the collaboration:

"Our goal has always been to make cross-border transactions simpler and more efficient. Brazil remains a key market for stablecoin adoption due to its high remittance volume and appetite for lower-cost, faster settlement options. 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, echoed this sentiment: 

"We're thrilled to join such a powerful network. This partnership will give Borderless' current partners access to seamless BRL on/off ramps with stablecoins, named accounts, and third-party payments—delivered at rates close to mid-market. 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."

With this latest integration, Borderless.xyz continues to unify stablecoin platforms and local payment providers under one consolidated infrastructure—offering global users easier, faster, and more transparent ways to move value across borders. This partnership further accelerates Borderless.xyz's progress toward making on-chain transactions more accessible and compatible with traditional finance everywhere.

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