Stablecoins are changing global treasury operations by allowing businesses to transfer capital around the clock and manage cross-border liquidity more flexibly.
Stablecoins give businesses greater flexibility in managing international treasury operations by enabling transfers outside traditional banking hours.
However, the major challenge is not blockchain settlement speed but converting stablecoins into local currencies reliably and at competitive rates, said Norman Wooding, founder and CEO of SCRYPT, which serves more than 300 institutional clients with trading, custody and stablecoin payment solutions.
“Fast settlement is only part of the equation,” Wooding told Crypto Briefing. “The harder challenge is getting money into and out of stablecoins in each market. Institutions need to convert between stablecoins and local currencies reliably, at a competitive rate and through dependable banking and payment partners.”
“These arrangements vary by corridor. If converting US dollar-denominated stablecoins into local currency remains slow or expensive, the benefits of instant on-chain settlement are quickly eroded,” he added.
Stablecoins are moving beyond experimentation and into commercial payments infrastructure, as major players like Visa, Mastercard, and Stripe expand their roles in the digital money movement. Their initiatives focus on cross-border payments, settlement, funding and card spending, connecting blockchain-based dollars to existing financial networks.
Visa is bringing stablecoin-powered funding for cross-border payments into commercial use, with Inyo Global becoming the first processor to integrate the capability into its platform. The service lets eligible businesses prefund payouts through Visa Direct using USDC around the clock, offering an alternative to conventional funding schedules.
Wooding said Visa Direct’s commercial rollout of US dollar-denominated stablecoin prefunding is an important development as it links stablecoin funding to an established payments network.
However, he noted that the full benefits will depend on whether that speed carries through to recipients via dependable local-currency conversion and settlement.
“Ultimately, the value of stablecoins for global treasury comes down to how effectively institutions can move money across borders and turn it into usable local currency. On-chain settlement can happen in seconds. Making that speed useful in every corridor depends on the liquidity, conversion and payment infrastructure around it,” Wooding said.
