On June 30, 2026, at the GBA-Asean Summit 2026 in Hong Kong, Albert Wong, Senior Vice President of OSL BizPay, delivered a keynote speech noting that as major global economies successively issue clear regulatory policies, stablecoins are accelerating their penetration from the Web3 sector into traditional cross-border trade and commercial payments. He emphasized that the massive cross-border settlement demand between Hong Kong and ASEAN is making compliant stablecoin payment solutions a necessity.
Licenses and Local Teams Tackle Cross-Border Payment Pain Points
Wong stated that in a complex and diverse market environment, OSL Group leverages its compliance licenses obtained in multiple jurisdictions, along with deeply localized expert teams, to break through the main bottleneck of cross-border payments: efficient and instant on/off ramps between stablecoins and local fiat currencies. This capability is especially critical for ASEAN emerging markets, which often lack sufficient USD liquidity support and suffer from long settlement cycles and high costs in traditional cross-border payments.
Core Value of Stablecoin Payments: Instant Fund Flow and Capital Reshaping
Wong pointed out that stablecoin payments not only help multinational enterprises reshape capital flow models—for example, shortening settlement cycles and reducing intermediary bank fees—but also effectively empower ASEAN enterprises that lack dollar liquidity. Through stablecoins, these companies can achieve near-instant cross-border fund transfers, bypassing the delays and high fees of traditional banking systems. He cited an example: a Vietnamese exporter holding stablecoins can instantly convert them to local fiat to complete payment, instead of waiting 3–5 business days.
OSL's Future Ecosystem Vision
Going forward, OSL will continue to collaborate with ecosystem partners to build compliant payment infrastructure connecting different markets. Albert Wong articulated the group's long-term vision: realizing 'money flowing as freely as information,' comprehensively empowering enterprises' global development. He revealed that OSL is working with multiple ASEAN financial institutions and regulators to promote stablecoin pilot projects in trade finance, supply chain payments, and other scenarios.