#United States #New York #stablecoin #Borderless.xyz #Ares

Ares Partners with Borderless.xyz

In a significant move to enhance payment options, Ares, a leading DeFi infrastructure provider in Latin America, has joined forces with Borderless.xyz, a notable global payments infrastructure company. This partnership aims to expand the availability and efficiency of stablecoin transactions across Central and South America, addressing the growing demand for seamless financial services in these regions.

Background of the Partnership

Borderless.xyz specializes in facilitating transactions using stablecoins and real-world assets (RWAs). With operations extending across more than 50 countries and 23 currencies, the company has established itself as a vital player in the financial technology scene. The integration with Ares is a natural progression as both companies share a vision to enhance financial accessibility and efficiency in the fast-evolving digital currency landscape.

Kevin Lehtiniitty, CEO of Borderless.xyz, highlighted the increasing demand for stablecoins in Latin America, stating, "Latin America is one of the fastest-growing markets for stablecoin payouts. Our customers are increasingly seeking coverage beyond the traditional remittance corridors." The collaboration aims to capitalize on this growth, significantly improving liquidity and reducing costs for users in various markets, including Costa Rica, Panama, and Paraguay.

Enhanced Infrastructure and Benefits

The partnership enables Borderless.xyz to integrate Ares' robust DeFi infrastructure, which grants access to local payout rails through a single-API platform. This connectivity not only simplifies transactions but also promises lower costs and greater flexibility in choosing counterparties. Users can expect quicker processing times and improved reliability, essential factors when dealing with cross-border payments.

José Alberto (Beto) Díaz García, co-founder of Ares, commented on the benefits of the partnership, saying, "At Ares, we're focused on making local payouts programmable, compliant, and seamless. Joining Borderless.xyz's global stablecoin network is a natural step forward as we work to enhance interoperability and efficiency." This reflects the commitment of both companies to streamline the complex landscape of cross-border payment flows, particularly for businesses operating in Latin America.

Impact on the Market

As the collaboration evolves, it represents a significant step in the mission to unite the best stablecoin innovators under one cohesive network. By linking various local rails into a global system, Borderless.xyz not only improves the speed of transactions but also makes them more cost-effective for all users. This could lead to increased adoption of stablecoins in areas where traditional banking systems are often cumbersome and slow, thus revolutionizing how businesses and individuals manage their finances.

The stablecoin market is witnessing rapid changes, and this partnership is a testament to the evolving landscape of digital currencies. As more people and businesses begin to recognize the advantages of stablecoin transactions—such as reduced volatility and efficient cross-border payments—the significance of this collaboration will likely grow.

This partnership is poised to transform the payment experiences of businesses stretching across Latin America, providing them with the tools necessary to thrive in a competitive digital economy. By leveraging the expertise of both Ares and Borderless.xyz, clients can expect an enhanced suite of financial solutions tailored to their specific needs.

In conclusion, the joining of Ares with Borderless.xyz reflects a promising trend toward smarter and more effective payment infrastructures in Latin America. With continuous growth anticipated in the stablecoin market, this partnership holds the potential to not only improve payment efficiencies but also drive innovation within the financial technology sector as a whole.