Stablecoins Resemble Fragmented FX Markets, Says Eco CEO

Stablecoins are exhibiting characteristics similar to fragmented foreign exchange markets, according to Eco CEO Ryne Saxe. According to NS3.AI, Saxe highlighted that the stablecoin sector, valued at over $320 billion, is experiencing liquidity fragmentation across various chains and pools. He noted that executing larger transfers often necessitates multi-route execution. Additionally, research by Borderless revealed that pricing discrepancies at the provider level within the same corridor can surpass hundreds of basis points.