Technology's influence is growing exponentially, and it has already modernized countless industries—from medicine and commerce to manufacturing and agriculture. Yet cross-border payment systems remain trapped in the past as legacy infrastructure adds unnecessary complexity to global money movement.

International payments should be fast, affordable and seamless. Stablecoins offer an alternative to traditional payment rails with real-time settlement, lower fees, increased transparency and greater accessibility.

These advantages have helped stablecoin adoption surge across businesses and financial institutions, with the total stablecoin market cap surpassing $210 billion earlier this year. In 2022 alone, fiat-backed stablecoins processed almost $7 trillion, surpassing Mastercard and Paypal in transaction volume.