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OSL BizPay Vice President and Asia-Pacific Head Leon Chua stated at the Money 20/20 Asia Summit that stablecoins are reshaping the cross-border payments market, which amounts to trillions of dollars annually, by reducing intermediary steps and enabling near-instant settlement.
He also said that stablecoins provide a shared interoperability layer for global value transfer, which for multinational companies is no longer just a technological upgrade but a fundamental transformation toward an efficient, open financial system.