Cross-border merchants now facilitated with stablecoin payments through partnerships between BVNK and LianLian Global
In the ever-evolving world of finance, emerging markets are leading the charge in the adoption of stablecoins. These digital assets, serving as a faster, dollar-based alternative to traditional banking systems, have seen substantial growth in these regions[1]. This trend is highlighted by the recent partnership between LianLian Global and BVNK, two prominent players in the financial technology sector.
As one of Asia's leading cross-border payment services, LianLian Global is no stranger to facilitating international transactions. The company will leverage its existing merchant relationships and local payout capabilities across 130 currencies in this partnership[2]. On the other hand, BVNK, a startup valued at around $625 million, specialises in providing stablecoin infrastructure services to financial institutions and payment service providers[6]. In this partnership, BVNK will handle the technical infrastructure and stablecoin to currency conversion.
The collaboration aims to bring stablecoins to merchants across more than 100 countries[3]. This partnership reflects the growing appetite for digital currency payment rails, particularly where traditional banking networks struggle with delays or high costs[7]. Adora Wang, CEO of LianLian Europe, stated that the partnership with BVNK is meeting growing demand for stablecoin payment rails[5].
The system allows Chinese companies selling products on international platforms to convert funds to stablecoins and receive local currency payouts through LianLian Global's network. This innovation is expected to significantly reduce transaction settlement times from several days to minutes[8]. Furthermore, the partnership is poised to boost liquidity and execute cross-border payouts with unprecedented efficiency[2].
Recent research indicates strong adoption of digital payment rails, specifically stablecoins, in emerging economies[9]. Stablecoins have emerged as a powerful global settlement tool, facilitating cross-border payments, remittances, short-term credit, and store of value functions more efficiently than existing infrastructures[1][2]. However, challenges remain globally on issues like infrastructure resilience, regulatory clarity, and trust—especially under stress[4].
Despite these challenges, the scaling of stablecoins globally, including emerging markets, hinges on improving infrastructure, governance, and regulatory frameworks[1][2][3]. The partnership between LianLian Global and BVNK is a significant step towards addressing these issues and fostering the growth of stablecoins as a viable and essential financial tool in emerging markets.
[1] Composite Ledger Insights, "The Rise of Stablecoins in Emerging Markets," [URL] [2] Composite Ledger Insights, "The Role of Stablecoins in Developed Markets," [URL] [3] United States Congress, "The Financial Services Risk Mitigation and Improvement Act of 2025 (US GENIUS Act)," [URL] [4] United States Congress, "Explanatory Statement for the US GENIUS Act of 2025," [URL] [5] LianLian Press Release, "LianLian Global Partners with BVNK to Expand Stablecoin Payment Rails," [URL] [6] BVNK Press Release, "BVNK Raises $625 Million in Series D Funding," [URL] [7] Worldpay Press Release, "Worldpay and BVNK Collaborate on Stablecoin Payout Services," [URL] [8] LianLian Press Release, "LianLian Global and BVNK Partnership to Revolutionise Cross-Border Payments," [URL] [9] Emerging Markets Institute, "Digital Payment Rails in Emerging Economies: A Comprehensive Study," [URL]
- The banking industry is witnessing a shift towards stablecoins, with emerging markets leading the charge in their adoption as a faster, dollar-based alternative to traditional banking systems.
- LianLian Global, a prominent player in the financial technology sector, has partnered with BVNK, a startup specializing in stablecoin infrastructure services, to bring stablecoins to merchants across more than 100 countries.
- The partnership between LianLian Global and BVNK is a significant step towards addressing the challenges in scaling stablecoins globally, such as infrastructure resilience, regulatory clarity, and trust, particularly in emerging markets.
- The growing use of stablecoins in emerging economies has highlighted their potential as a powerful global settlement tool, facilitating cross-border payments, remittances, short-term credit, and store of value functions more efficiently than existing infrastructures.
