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Will geopolitical instability cause a stablecoin 'gold rush' in cross-border payments?
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April 10, 2025
Key Points
Global acceptance of cryptocurrencies is boosting their value, with the stablecoin market cap exceeding $230 billion.
TruBit's Hongyi Tang predicts 2025 will be pivotal for crypto-powered payments, especially in Latin America.
Improved regulations are making stablecoins more attractive, with banks becoming increasingly crypto-friendly, while global economic uncertainty becomes a push factor.
When it comes to payment settlement, blockchain stands out as the superior option. I’m very confident this is the future, as both the logic and everyday experience show that blockchain is the solution to solving payment challenges.
Hongyi Tang
LATAM Regional Director | TruBit
The collective acceptance and adoption of cryptocurrencies by world leaders and banks is driving a surge in crypto value. The stablecoin market cap has surpassed $230 billion, and both banks and fintech companies are flocking to cross-border payments in what’s being called a ‘gold rush.’
Hongyi Tang, LATAM Regional Director at TruBit—a provider of secure, fast cross-border payments and borderless crypto trading solutions tailored for Latin America, believes 2025 will be a defining year for crypto-powered payments. We spoke with Tang to explore the growth potential of stablecoins in LATAM and how their use cases are already transforming businesses and banking in the region.
2025 is heating up: "I think 2025 is a very good year for cross-border payments based on stablecoin," Tang says, "Technology has matured, and you have solid stablecoin players across different layers—from issuers to blockchain players and on-off ramp companies like us," he explains.
Better regulations: Stablecoins are now positioned for wider adoption, especially as regulatory environments improve. "We are having a friendlier regulation environment," Tang notes, adding that regions like Europe have set strong regulatory models that have made banks more crypto-friendly. "When banks become crypto-friendly, you can leverage their compliance resources and rails. It just makes the whole startup and entrepreneur journey easier to focus on innovation."
Unique pain points: Latin America, in particular, stands to benefit most from stablecoin payments. Tang points to the region’s unique pain points: "It’s hard to get access to dollars, and it’s hard to send money internationally." Countries like Argentina, struggling with economic instability, face major barriers in accessing U.S. dollars, making cross-border payments difficult. "In Argentina, they macroeconomically cannot do FX anymore," Tang explains. "They don’t have enough dollar reserves, and it’s generally hard for them to get access to dollars."
When banks become crypto-friendly, you can leverage their compliance resources and rails. It just makes the whole startup and entrepreneur journey easier to focus on innovation.
Hongyi Tang
LATAM Regional Director | TruBit
Use cases: "One of the first use cases that is working well for us is enabling traditional payment companies to offer cross-border payment capabilities," Tang explains. "The payment industry has always been decentralized, meaning there’s more than just working with a bank—there are different payment acquirers and gateways to consider. This decentralized landscape, combined with a banking system that doesn’t meet everyone’s needs, creates challenges." By integrating stablecoins and blockchain, fintechs provide them with the ability to settle payments internationally and offer those services to their end clients.
Chinese imports: Additionally, TruBit is supporting Latin American importers who struggle with cross-border payments to suppliers in China. "They need to import from China but don’t have access to a good FX rate," Tang notes. Traditional payments can take up to five days, putting a strain on working capital. "We can settle this payment in one business day," he says, enabling businesses to operate more efficiently and reduce their working capital needs.
The way of the future: Tang sees every positive use case building momentum for blockchain adoption. "I'm confident that this is the right direction. From conversations with industry peers, it’s clear that if you want to facilitate payments, you need to move away from inefficient, outdated settlement networks," Tang says. "When it comes to payment settlement, blockchain stands out as the superior option. It’s peer-to-peer, transparent, fast, and efficient, providing a one-to-one connection from point to point. I’m very confident this is the future, as both the logic and everyday experience show that blockchain is the solution to solving these payment challenges."
