Punjab, May 14 -- Xflow, India's leading cross-border payments infrastructure company, today announced the launch of a pilot that enables Indian businesses to accept payments in USDC and USDT from anywhere in the world, and compliantly convert them to INR.

Anand Balaji, Co-founder and CEO, Xflow

This solution allows stable-native platforms and cross-border payment providers to offer stablecoin acceptance as a payment method for their customers without the platforms or their customers holding, managing, or taking custody of stablecoins. The stablecoin leg stays entirely outside India. Only fiat enters India, via an AD Category I bank, with full compliance documentation.

A growing set of global businesses are making payments in stablecoi...