Current Affairs - Finance - Discussion

Xflow launched India’s first compliant stablecoin-based cross-border payments infrastructure on May 14, 2026. The platform allows Indian businesses to accept international payments in stablecoins such as USDC and USDT and convert them into Indian Rupees through authorised banking channels. The system ensures regulatory compliance by conducting stablecoin transactions and off-ramping processes outside India, while only fiat currency enters the country through AD Category I banks. The platform mainly supports MSMEs, SaaS companies, and service exporters facing challenges in global payments. Xflow was co-founded by Anand Balaji and Ashwin Bhatnagar and is backed by investors such as Lightspeed, General Catalyst, and Stripe.