The Current and Future State of Stablecoin Payments with Conduit

Stablecoin-based cross-border payments are evolving from simple savings hedges in emerging markets into sophisticated, high-volume B2B infrastructure. Conduit CEO Kirill Gertman explains that while early adoption centered on volatile-currency hedging in regions like Latin America, the market is shifting toward mainstream commercial use cases such as payroll, e-commerce, and supply chain settlements. By bypassing legacy SWIFT rails, these platforms achieve near-instant settlement and lower cost bases. The industry is currently moving toward a fragmented ecosystem of proprietary stablecoins and tokenized deposits, necessitating a horizontal clearinghouse layer to ensure interoperability. Success in this space depends on providing a frictionless experience that integrates with existing ERP and treasury management systems, ultimately commoditizing the underlying rails while prioritizing speed, reliability, and cost-efficiency for global businesses.