Stablecoin cross-border payments were priced below the interbank foreign exchange rate in every month of the second quarter, according to Borderless.xyz’s Q2 2026 Benchmark, which tracks 260 payment corridors across 108 countries. The benchmark’s Parity Gap, which measures the difference between stablecoin delivery pricing and the interbank rate used by banks, stood at a median of negative 3.2 basis points for the quarter. The figure moved below zero in February and remained negative through the following months, reaching negative 5.9 basis points in June, the deepest level of the year. A negative gap means the full ... (full story)