Woofun AI data shows that stablecoin cross-border payment prices remained below interbank foreign exchange rates for three consecutive months in Q2 2026. The median parity gap reached -5.9 basis points in June, indicating on-chain USD settlement costs are converging with traditional financial systems. This metric reflects actual customer costs, including fees, rather than pure execution prices.

Borderless reports that transfer costs are becoming commoditized, with the average cost to move $10,000 stabilizing at approximately $27 for five months. As base costs converge, service provider selection emerges as the primary cost driver, termed the "Routing Tax". Relying on a single provider instead of optimal routing adds roughly $2,330 per $1 million transferred.