How stablecoins are transforming cross-border payments

Will stable coins revolutionise how we move money across borders? The future of payments is unfolding before our eyes, and stable coins are taking centre stage in this transformation.

Anand Bindumadhavan, Global Head of Banking & Liquidity at Triple-A, highlights how stable coins are rapidly gaining traction

Here’s the full transcript of the video:

“Triple-A is a stable coin payment processor, and we are seeing a trend which is, kind of, a fast-moving trend where majority of cross-border payments that we are processing are moving over to stable coins.

And we're expecting that cross-border payments that are right now going through stable coins, which is less than one percent, will head to about 30 to 40 percent in the next three years. And we're going to play a big role in that stable coin ecosystem.

We're actually glad that banks are opening up to this phenomenon. And Deutsche Bank is a key player in this room, having a clear framework for onboarding clients like us and, and helping us out with the fiat leg of the transaction.

Not only it is about a shift in the cross-border payments system, but also it is, you know, a marriage of multiple technologies because on one hand it is about payments, on the other hand, it is about new rails for payments. On the third hand, we are also seeing agentic AI based commerce picking up. So now you're seeing agents like the earlier panel talked about booking a ticket to Maldives. What we want to see is that ticket is being booked using stable coins on, you know, our, our rails. So, it is no longer a fad, it is something real and it is really, fast moving and so glad that both us and Deutsche Bank are part of this phenomenon.”