Speaking at the Money 20/20 Asia summit in Bangkok, Leon Chua, Vice President and Head of Asia Pacific at OSL BizPay, said stablecoins are having a transformative effect on the trillion-dollar cross-border payments market. According to Chua, the technology is changing how value moves internationally by reducing reliance on intermediaries, lowering transaction costs, and improving transparency across the payment chain.
Chua also highlighted near-instant settlement as one of the most important advantages of stablecoins in cross-border finance. Compared with traditional payment rails, which often involve multiple banks and clearing layers, stablecoin-based transfers can streamline settlement and improve the speed of global transactions. For businesses, that could translate into more efficient treasury operations and faster access to capital across markets.
Stablecoins as a shared layer for global value transfer
In Chua’s view, stablecoins are becoming a shared and interoperable layer for transferring value worldwide. He framed this as a structural shift toward a more open and efficient financial system rather than a narrow upgrade to existing payment tools. The implication is that enterprises across jurisdictions may increasingly rely on common blockchain-based rails to move funds with greater consistency and visibility.
OSL positions itself as a core infrastructure provider
Chua said OSL Group aims to become a key infrastructure provider in this emerging landscape. The company’s strategy is centered on linking Asia with the broader global financial network and helping enterprises participate in a more efficient financial ecosystem. His remarks underscore how stablecoin adoption is moving beyond crypto trading and into real-world payment and settlement use cases, where infrastructure providers are competing to serve growing institutional demand.
More broadly, the comments reflect rising industry confidence that stablecoins can address longstanding pain points in cross-border payments, especially high costs, operational friction, and limited transparency. As the sector evolves, stablecoins are increasingly being presented as a practical tool for modernizing global money movement.