Stablecoins are reshaping how people move money across borders. At our second Xapo Talks session, we sat down with Anton Iribozov (Xapo Bank product manager) and Simon Griffin (CPO at BVNK) to unpack what’s driving this shift — and why our recent partnership with BVNK is so important.
Watch the full Xapo Talks session below.
Key takeaways from the session
Stablecoins are already huge In 2024, transaction volumes hit $27 trillion across 1.25 billion payments. Simon Griffin summed it up well “Stablecoins are simply a better way to move money cross-border: faster, cheaper, and more reliable. With the right regulatory frameworks now in place, adoption is accelerating.”
Why they matter to members Over half of Xapo Bank’s deposits now arrive via stablecoins. For people in countries facing inflation or strict capital controls (like Argentina or Thailand), stablecoins offer a lifeline: a way to protect wealth and move money internationally with fewer barriers.
Why Tron? More than 70% of all USDT transactions now happen on the Tron network. It’s fast (confirmations in under 3 seconds) and low cost. Within a week of launch, over 50% of our members’ stablecoin deposits were already using Tron.
Why BVNK? We partnered with BVNK because they provide both the regulatory coverage and the technical flexibility we need to add new networks quickly. As Anton put it, “working with BVNK feels more like partnering with an IT company than a traditional bank.”
The bigger picture Regulation is catching up, with new frameworks like the US Genius Act clarifying how stablecoins can be issued and used. This is opening the door for banks, fintechs, and corporates to adopt stablecoins at scale.
What’s next
For Xapo members, this partnership means faster, cheaper deposits today – and the ability to add more stablecoins and networks tomorrow. USDT on Tron is just the beginning.
