Borderless.xyz adds BRLA to stablecoin network
Payments infrastructure firm Borderless.xyz has added BRLA, a provider of payment and stablecoin solutions in Brazil, to its stablecoin orchestration network.
This collaboration will facilitate access to BRLA's local payment rails through Borderless.xyz's platform.
With this move, the company aims to create a network connecting stablecoin companies and local payment systems, enabling seamless integration of on-chain and off-chain finances.
This partnership is expected to enhance the financial infrastructure in Brazil by providing choices for counterparties involving stablecoins.
Borderless.xyz CEO Kevin Lehtiniitty said: 'Brazil is a key market where stablecoins make remittances faster and cheaper. BRLA is a leader in payments in the region and the only issuer of an independently audited BRL stablecoin. I'm really excited to bring their local rails to stablecoin companies around the world through the Borderless.xyz Network.'
BRLA Digital co-founder Lucas Giorgio said: 'At BRLA, we're building the most reliable infrastructure for stablecoin access and local payments in Brazil. Partnering with Borderless.xyz allows us to bring that infrastructure to a truly global stage, connecting with the best-in-class stablecoin companies. Together, we're making it easier for the world to access the regions financial system through the best-in-market product—designed for scale, built for compliance, and trusted by companies moving real volume.'
BRLA, operating within Brazil, is an issuer of independently audited Brazilian Real (BRL) stablecoin.
The company's infrastructure supports the integration of stablecoin technology into local payment systems.
Last month, Borderless.xyz partnered with USDM issuer Mountain Protocol to demonstrate the potential of yield-bearing stablecoins in transforming the payment landscape and creating new financial opportunities on a global scale.
Borderless.xyz operates in over 50 countries, dealing with 23 different currencies, and facilitates transactions with internet-native money, including stablecoins and real-world assets.
"Borderless.xyz adds BRLA to stablecoin network " was originally created and published by Electronic Payments International, a GlobalData owned brand.
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