Global stablecoin payment framework unveiled by Transfi with the aim of boosting widespread application in the real world
In the rapidly evolving world of digital currencies, TransFi, a global payments infrastructure company, is expanding its services to cater to the growing demand for stablecoins. This demand, driven by users in 17 countries, especially inflation-affected economies like Argentina, is projected to reach $25.4 billion in annual premium payments by 2027 [1][2].
The increasing demand for dollar-backed stablecoins in emerging markets reflects a willingness to pay premiums averaging 4.7%, with some up to 30% [1]. This trend is a response to the instability and volatility of traditional fiat currencies in these economies.
TransFi's innovative approach addresses this issue by leveraging an AI-powered smart routing engine. This technology optimizes payments by selecting the fastest and most cost-efficient rails across fiat and stablecoin networks. This results in significantly reduced settlement times, from days to seconds, unlocking an estimated $2.9 billion in annual efficiency gains [1]. Furthermore, it addresses $11.6 billion typically trapped in slow settlement systems [1].
TransFi's infrastructure supports over 40 currencies and stablecoins, 250+ payment methods, and local settlements in 100+ countries. This broad compliance and coverage ensure that the company's solutions are enterprise-ready and regulation-compliant, with built-in KYC and AML processes [3].
TransFi's key services include BizPay, Wallet, Ramp, Single API & Widget, Payouts & Collections. These services support a diverse range of use cases, including remittances, payroll, digital banking, Web3, and iGaming. TransFi's solutions are designed to power real-world adoption of stablecoins, making digital assets practical financial tools for businesses and individuals worldwide by 2027 [1].
The company's expansion comes at a time when stablecoins are becoming increasingly popular as stable currency alternatives. Emerging markets are increasingly seeking these alternatives, with demand for dollar-backed stablecoins accelerating.
References:
[1] TransFi Press Release, "TransFi Expands Global Payments Infrastructure for Stablecoins to Meet Growing Market Demand," [date], [link]
[2] Centre for Economics and Business Research (Cebr) Study, "Digital Currency Premiums: A Global Perspective," [date], [link]
[3] TransFi Website, "About Us," [date], [link]
In the context of expanding its services, TransFi leverages digital innovation and technology, incorporating an AI-powered smart routing engine for gaming, facilitating optimized payments across fiat and stablecoin networks. This innovation, aimed at addressing the instability of traditional currencies in inflation-affected economies like Argentina, is projected to unlock annual efficiency gains worth $2.9 billion [1]. Furthermore, TransFi's infrastructure supports a diverse range of use cases, including iGaming, making digital assets practical financial tools for businesses and individuals worldwide by 2027 [1].
