Stablecoin Infrastructure Has Gone Regional: The $400B Map Reshaping Cross-Border Payments

TLDR: Stablecoin payment volume reached $400B in 2025, with 60% of transactions driven by B2B activity. Bridge covers 35 countries but holds zero local rail presence in APAC, exposing critical coverage gaps. Conduit operates at roughly 10 bps on FX, compared to Bridge’s fee of up to 1% per transaction. Fasset hit $32B annualized across [...]

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