Two different layers of the cross-border stack: Borderless is a stablecoin↔fiat orchestration network that connects to licensed banks/fintechs (“PFIs”) so clients can collect/payout via local bank rails in 50+ countries, across multiple chains and stablecoins, via one API. RemiDe is a managed cross-wallet routing & compliance service that gives VASPs/wallets a one-stop API, alias directory, and audit trail for Travel-Rule-compliant stablecoin transfers; bank-account routing is a potential future addition, not in GA today. (borderless.xyz)
Bottom line: If you need bank payouts/collections today, Borderless already aggregates regulated fiat rails and liquidity across 10 PFIs with SOC 2 controls and multi-chain, multi-stablecoin support. If you need wallet-to-wallet compliance, aliasing, and cross-chain routing, RemiDe centralizes the messaging and record-keeping and can later plug into bank rails as a roadmap item.
| Angle | Borderless (borderless.xyz) | RemiDe (Remedy/RemiDe network) |
|---|---|---|
| Core job | Orchestrates conversions between stablecoins and local banking rails for collections, payouts, on/off-ramps via a network of locally licensed PFIs. (borderless.xyz) | Routes wallet-to-wallet stablecoin payments with alias lookup, Travel-Rule messaging (IVMS-101), and an immutable audit trail; non-custodial. |
| Architecture | “Single thread” network + API: Borderless coordinates across 10 PFIs, 50+ countries, 23–24 currencies, 32 methods; clients see one API & one network fee (PFI costs passthrough). (borderless.xyz) | Hub-and-spoke API: wallets call /route (alias), exchange encrypted Travel-Rule payloads, and execute transfers (often via USDC bridges); RemiDe logs signed attestations and anchors hashes on-chain. |
| Assets & chains | Multi-stablecoin (USDC, USDT) across ETH, Polygon, Base, Arbitrum, Optimism, Solana, Celo, Tron, Bitcoin. (borderless.xyz) | Stablecoin-first (e.g., USDC) with cross-chain routing; can use third-party bridges (e.g., CCTP) per partner needs. |
| Compliance stance | “Single compliance check” orchestrated with the right PFIs per transaction; SOC 2 certified “source of truth”. (borderless.xyz) | Off-chain KYC/IVMS relay with signed attestations kept 5 years; hash-anchored audit (e.g., Merkle root) and Twin-DB to separate PII from the global ledger. |
| Data custody | Borderless says it’s a tech/smart-contract company, not a broker-dealer or FI; financial products are by/through PFIs. (borderless.xyz) | RemiDe is non-custodial and does not hold user funds; stores only compliance metadata + hashes (not raw funds). |
| Reliability & routing | PFIs provide redundancy; roadmap includes a smart order router (SOR) for PFI bidding to reduce costs. (borderless.xyz) | Central coordinator with SLAs; can add staking/slashing for partner behavior; retries/reconciliation handled at the hub. |
| Commercials | One network fee + PFIs at cost; no FX markups; early-access program. (borderless.xyz) | Network/usage-based pricing for routing & compliance services; costs for chain fees/bridges separate. |
| Integration lift | REST API covering transactions, compliance, swaps/liquidity, PFI network; typical days→weeks to integrate. (borderless.xyz) | Single REST API/SDK into aliasing, Travel-Rule exchange, routing, and audit trail; typically fast (days→week). |
| Bank-account routing | Yes (today): settle to wallet in stablecoins or to bank accounts in fiat via local transfers. (borderless.xyz) | Not GA: possible future addition to extend from wallet-to-wallet into bank-account routing. |
| Stage/positioning | Early-access network; mission = enable “on-chain banking” with regulated counterparties. (borderless.xyz) | Partner-network for compliant cross-wallet remittances; emphasizes audit-ready ops & minimal PII exposure. |
Where the network edges are
Borderless’s edges are regulated PFIs (banks/fintechs) who actually hold fiat accounts and perform KYC/transaction monitoring. RemiDe’s edges are licensed wallets/VASPs; it coordinates between them and records compliance metadata. (borderless.xyz)
Compliance record-keeping
Borderless centralizes into a SOC 2 “source of truth,” promising a single compliance check across counterparties. RemiDe stores hash-anchored proofs and signed IVMS attestations (5-year retention) while keeping PII split from the global ledger (Twin-DB). (borderless.xyz)
Routing economics
Borderless aggregates volume across clients to bargain PFI pricing and plans a SOR so PFIs bid on flow. RemiDe optimizes wallet-to-wallet routes (including chain selection/bridges) and can add slashing-style incentives for network behavior. (borderless.xyz)