In the fast-evolving world of finance and digital currencies, stablecoins are emerging as a vital solution for businesses managing the complexities of international transactions. At Abu Dhabi Finance Week (ADFW), Patricia Wu explored this transformation in a conversation with Konstantins Vasilenko, co-founder of Paybis, a crypto infrastructure company dedicated to simplifying digital asset transactions for businesses around the world.
Paybis has positioned itself as a leading infrastructure provider designed to ease the integration of cryptocurrencies into everyday business operations. Konstantins explained that the core mission of Paybis is to streamline the use of crypto for both retail users and global enterprises. By addressing long-standing inefficiencies in cross-border payment systems, Paybis is helping pave the way for mainstream adoption of stablecoins. In a region like Abu Dhabi, where traditional banking processes can sometimes slow commercial activity, stablecoins present a crucial advancement.
Vasilenko noted a sharp rise in interest from companies in the Emirates seeking to transact globally. As businesses expand across the region, the demand for smoother, faster payments becomes increasingly important. “The traditional banking system is great, but it’s sometimes too slow and maybe too unpredictable,” he said. The limitations of legacy systems give companies a strong reason to explore stablecoins, which promise consistent transaction speeds and improved reliability.
The speed of transactions is a defining factor in today’s competitive environment. Traditional banking methods can hold funds for days, disrupting operations and reducing financial flexibility. Stablecoins, however, reduce settlement times to minutes, allowing businesses to deploy capital more efficiently and improve cash flow. “Businesses can transact faster, negating the need for extensive cash reserves,” Vasilenko noted.
Despite widespread curiosity, Konstantins emphasized that the biggest obstacle is not interest but infrastructure. He compared the current state of crypto adoption to the early days of electric vehicles, when limited charging networks hindered growth. “Once the infrastructure is in place—such as businesses being able to accept crypto and the ease of converting fiat to crypto—the true adoption will take off,” he explained.
Looking forward, Vasilenko envisions a dramatic shift in global payments. He predicts that within five years, 90% of invoices between businesses will be paid in stablecoin. This transformation would fundamentally change the mechanics of international finance. “I bet on this change,” he said, underscoring the potential impact stablecoins may have on global liquidity and operational efficiency.
As companies around the world weigh the transition toward stablecoins and blockchain-based financial systems, the insights from ADFW and Vasilenko serve as a roadmap. Paybis’ focus on building strong crypto infrastructure reflects the urgent need for businesses to adapt to a shifting financial landscape. Those who embrace these innovations will gain a competitive advantage and contribute to a more inclusive global economy defined by fast, reliable, and efficient transactions.
In this rapidly changing digital environment, staying informed and strategically prepared is essential. Businesses must recognize the potential of blockchain and stablecoins and actively participate in shaping the next era of global commerce.