Stablecoins Must Complete the Payment Flow Beyond Initial Transfer

Challenges of Stablecoin Receipts

XT Exchange's anniversary discussion revealed that stablecoins face a significant challenge in converting receipts into usable funds, hindering businesses' ability to meet obligations like wages and supplier payments. The first payment may arrive, but the work following it remains unresolved. For an ordinary merchant, returning to conventional payment systems can leave important parts of the flow unresolved.

Payment Flow and Operational Dependencies

Aaron.J, head of XT Labs, emphasized that the usefulness of a stablecoin receipt also rests on what can happen to it next, under the conditions where the business operates. The incoming transfer leaves a business with work to complete before the payment has been fully dealt with. Businesses would need to consider factors such as arrival times, clear fees, and access to local currency, as well as reconciliation and help when something goes wrong.

Identifying Gaps and Opportunities

XT Labs' investigation revealed gaps in the payment flow that could be addressed through the development of products that support the final steps between fiat and crypto, as well as merchant payment infrastructure. The business identified opportunities to connect separate services before a payment could fit into ordinary operations. By making a workable route through the business's obligations, costs and limitations could be understood, making stablecoins a more practical choice.

XT Exchange's Focus on Practical Uses

XT Exchange's focus on trust, broader market access, and practical uses for digital assets is reflected in its ninth year with Build the NeXT. The platform's services span spot, margin, and futures trading, TradFi market exposure, a real-world asset marketplace, and everyday payments through XT Pay. By addressing the challenges of stablecoin receipts, XT Exchange can support businesses in meeting their operational dependencies.