Stablecoins are Sustaining Momentum in High Growth Markets

“Financial innovations such as stablecoins have emerged as powerful tools to sustain high economic growth and unlock opportunities for businesses and individuals,” Deus X Pay CEO, Richard Crook

The Gulf states, Africa and Southeast Asia are experiencing significant economic growth, driven by growing domestic consumption and the rapid adoption of new technology. Despite this momentum, these high-growth markets face persistent challenges, including limited access to banking services, outdated financial infrastructure, and high processing fees.

The Rise of Stablecoins in Financial Systems

Stablecoins represent a significant advancement in the financial technology landscape. Unlike traditional cryptocurrencies, stablecoins are designed to maintain a stable value, often pegged to a fiat currency or other assets. According to Visaʼs Onchain Analytics Dashboard, there are now over $190bn digital dollars issued across a range of stablecoins. Adjusting to focus on using stablecoins outside the crypto industry, we have seen over $5tn across more than 1bn transactions in 2024.

The volume and transactions have consistently grown since 2019, with volume increasing 58% and transactions growing 35% over the last 12 months. These transactions outside the crypto industry are steadily increasing, accounting for around half of all stablecoin transactions.

This makes stablecoins a practical and compelling alternative to traditional financial systems, which are slow, expensive, and restricted in high-growth markets. In fast-growing economies where cross-border payments are critical—for remittances, trade, or investment—stablecoins facilitate faster, cheaper, and more transparent transactions. They overcome the volatility issues of conventional cryptocurrencies, while significantly reducing the inefficiencies associated with legacy banking systems. By addressing these issues, stablecoins empower businesses and individuals to transact seamlessly in a global economy.

Financial Innovation Tackling Local Challenges:

High-growth markets often need more efficient financial systems that meet the evolving needs of modern businesses. For instance, companies in sub-Saharan Africa face exorbitant fees and prolonged delays when processing international payments through traditional intermediaries. Similarly, small- and medium-sized enterprises (SMEs) in the Gulf states and Southeast Asia need help accessing efficient payment mechanisms, limiting their ability to scale operations across borders. At Deus X Pay, we have been helping clients adopt this alternative payment solution since 2018. We have seen the rapid adoption of stablecoins by clients wishing to settle invoices for their goods and services, ranging from software services to private jet charters, and luxury real estate to oil settlement.

Stablecoins offer a solution to these challenges. By leveraging blockchain technology, stablecoin transactions can bypass traditional intermediaries, enabling businesses to make cross-border payments in minutes rather than days. This innovation reduces transaction costs, increases transparency, and ensures reliability—all critical factors driving economic growth in underserved markets.

Building Trust and Navigating Regulatory Hurdles

While stablecoins offer a promising solution, their adoption hinges on overcoming challenges related to regulations and integration within existing financial infrastructures. Regulatory bodies in high-growth markets are increasingly scrutinising digital payment solutions to ensure consumer protection, prevent financial crime and safeguard economic stability.

Stablecoins offer transparency, security, and accountability - essential in fostering confidence among stakeholders such as businesses, regulators and consumers alike. For stablecoins to achieve mainstream adoption, regulators must begin to recognise the benefits and accept that stablecoins build trust among businesses, regulators and consumers.

Encouragingly, many governments are beginning to recognise the potential of digital currencies to improve financial access. In Nigeria, the nation’s Central Bank launched eNaira, a central bank digital currency (CBDC), signalling a growing acceptance of digital currencies. In Southeast Asia, Singapore’s Monetary Authority (MAS) has implemented a regulatory sandbox to test innovative payment solutions, including stablecoins.

The Future of Finance in high growth markets

The ongoing adoption of stablecoins and other digital financial solutions represents a transformative opportunity for high-growth economies. As financial innovations continue to reshape the global economic landscape, high-growth markets stand to benefit the most. By embracing new effective solutions like stablecoins, businesses and individuals in the Gulf states, Africa and Southeast Asia overcome historical financial barriers and unlock new growth opportunities.

The path to economic growth lies in harnessing the full potential of digital financial tools. Stablecoins are paving the way for a future where financial systems are faster, cheaper, and more accessible—a future that empowers high-growth markets

About Deus X Pay

Deus X Pay is a regulated provider of institutional stablecoin payment solutions, transforming how cryptocurrency payments are authorised, cleared, and settled. We redefine global payment options for institutions, businesses, and corporations, seamlessly integrating traditional finance with advanced digital payment infrastructure to facilitate faster, cheaper, and safer transactions.

Fully compliant and regulated as a Virtual Asset Service Provider, Deus X Pay operates under a license in Lithuania, supervised by the Financial Crime Investigation Service (FNTT), and in the Czech Republic, supervised by the Financial Analytical Office (FAU).

As part of the innovative crypto investment firm Deus X Capital, we empower organisations with cutting-edge financial tools to drive growth and success in today's dynamic market.