Are Stablecoins Replacing Global Payment Rails? - Kevin Lehtiniitty | ATC #602

Join host Stephen Sargeant as he interviews Kevin Lehtiniitty, CEO and founder of Borderless.xyz, about stablecoin infrastructure and global payment flows, including the Genius Act and why stablecoins are more practical for payments than Bitcoin. Kevin explains Borderless’s branding, his early work launching TrueUSD, and how trust features like qualified custodians and attestations mattered before clear regulation. He outlines three issuance models—building on existing tokens, consortium-issued coins, and white-label issuance—and why large enterprises may prefer white-label or consortium approaches. Kevin describes Borderless as an open stablecoin payments network plus an orchestration “payments hub” that connects fintechs to multiple providers for redundancy, price discovery, and operational automation. They discuss Borderless’s stablecoin-to-fiat FX benchmark, stablecoins’ biggest value in unlocking prefunded trapped capital, expansion priorities (GCC and APAC), compliance needs (KYC/KYB, sanctions, travel rule, risk), skepticism of closed networks, and his interest in AI’s impact on labor constraints.

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