Borderless.xyz has teamed up with Mexican fintech firm Capa to expand its global stablecoin payment infrastructure across Latin America, aiming to streamline cross-border transactions.
This partnership connects Capa’s robust local payment rails with Borderless.xyz’s global network, which supports stablecoins and real-world assets (RWAs), enabling faster, more cost-effective, and reliable payments for financial institutions, fintechs, and corporations operating in Mexico.
Through this integration, Borderless.xyz gains access to improved liquidity, enhanced counterparty flexibility, and increased reliability—key features that align with its mission to create a globally interconnected stablecoin ecosystem. The partnership is particularly crucial for Mexico, a major remittance corridor, especially with the United States. In this region, businesses are turning to stablecoins as an efficient alternative to traditional banking systems, which are often slower and more expensive.
Kevin Lehtiniitty, CEO of Borderless.xyz, emphasized that Capa’s deep liquidity and competitive FX rates make it an ideal partner. He noted that integrating Capa’s infrastructure boosts network efficiency, reduces transaction costs, and enhances operational flexibility for all users.
“By integrating their infrastructure into the Borderless.xyz network, we’re enhancing the liquidity and efficiency of cross-border transactions, helping to lower costs and provide more flexibility for all parties involved,”
he said.
Echoing this vision, Capa CEO Juan Diego Oliva explained that the company is committed to building programmable and accessible financial infrastructure across Latin America. He stated that the partnership underscores Capa’s dedication to interoperability and simplifies complex payment flows for businesses transacting in and out of Mexico.
Notably, a recent report from Bitso indicates a rise in stablecoin adoption in Latin America, with stablecoins like USDC and USDT making up 39% of crypto transactions in 2024, up from 30% in 2023. This trend is driven by a demand for stable assets to counter inflation and currency instability. In contrast, Bitcoin’s share declined from 38% to 22%, as users now hold it for long-term gains after its price surpassed 100,000 in December 2024.
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