Cross-border Payments
Payments using digital assets to facilitate fast, low-cost international transactions.
What is Cross-border Payments?
Cross-border payments involve using digital assets, particularly stablecoins like USDT and USDC, to transfer value across international borders, bypassing traditional banking systems. Stablecoins enable faster and cheaper transactions compared to legacy systems, which often incur high fees and delays. Widely used for remittances and trade finance, cross-border payments with stablecoins are especially valuable in regions with limited banking infrastructure, offering businesses and individuals a transparent and efficient solution for global commerce.
Related Terms
BitLicense (New York)
New York Department of Financial Services' licensing requirement for virtual currency businesses, including stablecoin issuers, with enhanced blockchain analytics in 2025.
Wrapped Token
A token that represents another digital asset, locked in a smart contract, to enable interoperability across blockchain networks or standards.
Block Explorer
An online tool or interface that enables users to search and view detailed information about a blockchain, including transactions, addresses, and network activity.
Collateralized Debt Position (CDP)
A smart contract structure where borrowers lock collateral to mint digital assets as a loan.
Collateral
Digital assets deposited by borrowers to secure loans in DeFi lending protocols.
BitPay
A digital asset payment processor enabling merchants to accept stablecoins like USDC and USDT, with stablecoins comprising nearly 40% of its 2025 payment volume.