Companies throughout Asia are increasingly heating up to Stablcoins for cross -border transactions, a trend that accelerates even more as Hong Kong moves to legalize the use of digital tokens, experts told CNBC. From online travel agencies and luxury property resellers to high -end hotels, companies are adopting Stablecoin for payments, citing speed and profitability compared to the traditional financial system. The stables are cryptocurrencies generally linked to sovereign or even gold coins, which makes them more stable compared to other cryptographic assets. The new Hong Kong legislation, which takes effect on Friday, will formalize the framework for financial companies to issue and manage these virtual assets, similar to the United States genius law. The cryptocurrency wallet platforms allow customers to pay through digital currencies, which then become stablecoins or local fiduciary currencies while providing merchants, minimizing prices volatility and liquidation risk for companies, according to several veterans of the cryptographic industry and business owners. The monthly volumes of Stablecoin transactions among companies had increased to more than $ 3 billion in early 2025, from less than $ 100 million at the beginning of 2023, according to a report by the Blockchain Artemis analysis firm as of May. The report was based on a survey of 31 Stablecoin -based payment companies that process transactions in the name of the end users worldwide. Unlike conventional cross -border bank transfers that can take several days and incur pronounced processing rates, Stablecoin transactions are almost instantaneous and substantially cheaper, experts said. “What Blockchain can do is facilitate transactions between the parties with less counterpart risks,” said Ben El-Baz, Chief of Global Expansion of Cryptocurrency Exchange Hashkey Global. Blockchain is a technology used to maintain the account of cryptographic transactions. “For cross -border payments, instead of having to go from the bank of origin to the intermediary to the correspondent bank, then to the beneficiary … the stables transferred through blockchain are basically an exchange of value that occurs instantaneously,” he added. That has attracted the interest of the main payment processors such as Visa, Mastercard and Stripe, all of which have begun to integrate the Stablecoin support into their payment infrastructure. The impulse has been further driven by regulatory development in the United States in the last two months. The list of USD Coin-Issuer Circle in June along with the genius law of President Donald Trump have caused a broader interest in digital payments in Asia. “Stablecoin has surely emerged as a supplementary currency to conventional fiduciary currencies,” said Alice Liu, founder and CEO of DTCPay. The Fintech company based in Singapore helps customers process Stablecoin payments and convert them into fiduciary coins. DTCPay customers include Chinese companies with legal entities in Singapore and Hong Kong to liquidate Stablecoin payments in preferred currencies, often US dollar, Singapore dollar or yuan in the high Chinese sea. Travel, luxury bags, the Travel Agency based in Singapore Hotel based in Singapore, Wetrip, which specializes in organizing group tours to China, began accepting Stablecoin payments in June. He accepts them through digital wallets such as that offered by the best cryptography exchange in the world, coinbase, attracted by a faster agreement and significant savings of costs. “The long processing period and the strong transaction rates with the traditional bank network were real weak points,” said Vincent Xue, founder and CEO of the company, to CNBC. He added that if their suppliers begin to accept Stablcoin, he would not need to convert them again into local fiduciary money, allowing his entire payment pile to operate completely in Blockchain. Stablecoin’s global payment volumes reached $ 94.2 billion during the two years ending February, with company to company transactions that represent a third of the flows, according to Artemis. Stablecoin payments by consumers directly to companies are also increasing, rising to more than $ 300 million a month at the beginning of this year from only $ 50 million to early 2023. Singapore and Hong Kong were among the three main markets of the splecockin flows, just after the Singapore-China route, in particular, in particular, in particular, in particular, it emerged as the largest flows of the states by the states bars, while the report of the cases of Sergeant. Retailers, many luxury companies are adopting blockchain payments, with more high -end brands that adopt stable to fireproof for high -value purchases, citing speed, higher higher limits in the transaction value as key advantages. Capella Hotel, a group of high -end hotels based in Singapore, began allowing guests to complete transactions using digital coins in October last year, due to the “growing demand [for] Safe and convenient payment option, “according to his statement. Years. Singapore dollars ($ 387, 512) in monthly income. A conservative position in Continental China, Hong Kong, as a special administrative region of the country, has emerged as a regulatory sand box for Beijing with the aim of preserving its global advantage in financial innovation of financial innovation. Stablecoin’s payments everyday. Hashkey Swift, which represents society for world interbank financial telecommunications, is the dominant network of international money transfers. “We are really on the cusp of this,” he added.
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