Woofun AI data shows that stablecoin cross-border payment delivery quotes remained below interbank foreign exchange rate midpoints throughout the second quarter of 2026. Analysis of 108 countries and 260 payment corridors reveals a median parity spread of -3.2 basis points, widening to -5.9 basis points in June, the deepest negative value recorded this year.

The typical cost for a $10,000 transaction averaged $27, remaining stable for five consecutive months. Relying on a single service provider incurs an average "routing tax" of $2,330 per $1 million in volume compared to optimal quotes. Regional spreads varied significantly: Africa widened by 166 basis points to 512.8 basis points, Latin America compressed to 89.0 basis points, and Asia held steady at 6.1 basis points. Malawi saw a single-day repricing of 5.8% on April 9, with spreads jumping from 296 to 1975 basis points.