#None #stablecoin #Borderless.xyz #FX Benchmark

Borderless.xyz Launches the First Industry-Wide Stablecoin FX Benchmark

On October 22, 2025, Borderless.xyz introduced the Borderless Benchmark, a pioneering stablecoin FX benchmark designed to provide a transparent and reliable reference for stablecoin-to-fiat exchange rates. This innovative platform aims to eliminate the existing confusion in the stablecoin ecosystem by delivering a clear and credible view of exchange rates across different currencies, venues, and blockchain networks.

In traditional financial markets, professionals often rely on well-established mid-market benchmarks such as Bloomberg’s FX rates. However, the world of stablecoins presents unique challenges as liquidity is scattered across numerous exchanges and on/off-ramp providers. This fragmentation leads to obscure pricing and inconsistent rates, creating barriers for enterprises trying to adopt stablecoin-based payment solutions. Recognizing this significant gap in infrastructure, Borderless.xyz has developed the Borderless Benchmark, aggregating exchange rate data from over a dozen on-and-off ramp providers worldwide.

The Borderless Benchmark offers a comprehensive perspective that reports not only average buy and sell rates but also tracks observed minimum and maximum prices. Additionally, future upgrades of the platform will include crucial metrics like volatility and dispersion, further enhancing its value for market participants. With the aim of creating a collaborative ecosystem, the benchmark is designed to evolve continually as more industry players join in and share their data, thus improving the coverage and robustness of the rate assessment.

Kevin Lehtiniitty, CEO of Borderless.xyz, emphasized the importance of transparency in cross-border payments, especially as stablecoins gain traction. He stated, “Due to highly fragmented liquidity, there has been minimal transparency regarding FX rates. Our collaboration with leading stablecoin companies worldwide to launch the Borderless Benchmark adds much-needed traditional market infrastructure logic—such as benchmarks and mid-market references—to the burgeoning stablecoin economy.” This collaborative initiative encourages liquidity on-and-off ramp providers to contribute rate data, thereby reinforcing the benchmark’s credibility and representation in the market.

As a neutral connectivity layer, Borderless.xyz does not act as a liquidity provider; instead, it creates a framework intertwined with various wallets, stablecoins, blockchains, and liquidity venues. This unique positioning empowers Borderless.xyz to provide unbiased data aggregation while facilitating a shared standard across the industry without imposing centralized control.

The beta version (v0.1) of the Borderless Benchmark has now been launched, offering free and open access for users to explore, test, and provide feedback. This marks a critical advancement towards establishing a transparent and reliable data infrastructure that will support the growing finance ecosystem around stablecoins.

About Borderless.xyz

Borderless.xyz aims to revolutionize the global financial landscape by bridging traditional and emerging markets while ensuring efficient cross-border payments and treasury management. By eliminating inefficiencies tied to conventional systems, the platform serves fintech firms, payment service providers, and financial institutions, enabling them to scale operations seamlessly. Proudly backed by notable investors such as Amity Ventures and Flourish Ventures, along with executives from leading companies like Fireblocks, Socure, and Talos, Borderless.xyz is well-positioned to drive innovation and transparency in financial technologies. For more information, visit Borderless.xyz.