The opportunity for stablecoins for borderless payments can be summarized in one sentence:

Countries struggle to coordinate their real-time payment networks.

Tech-forward countries like India and Singapore do have a chance evidenced with the UPI and Paynow integration. But imagine how complex this gets with UPI -> Paynow/Faster Payments/Fednow/Pix etc.

Founder at utopialabs.com. Studying stablecoins at /utopia.

On the flip side - India is also one of the fastest growing markets to be adopting stablecoins (showcasing the demand for the US dollar).

Tech-forward countries like India and Singapore do have a chance evidenced with the UPI and Paynow integration. But imagine how complex this gets with UPI -> Paynow/Faster Payments/Fednow/Pix etc. 

https://www.npci.org.in/who-we-are/group-companies/npci-international/upi-paynow