How Stablecoins Are Rewiring Global Payments | Borderless CPO Alex Garn

Jan 9, 2026

In this discussion, Alex Garn, Chief Product Officer at Borderless, shares his journey from data science to revolutionizing cross-border payments with stablecoins. He highlights how Borderless functions as an orchestration layer that streamlines local on- and off-ramps without touching the funds. Alex explores the shift of stablecoins from trading to real-world payments, especially in Latin America and Southeast Asia. He addresses liquidity challenges, KYC issues, and anticipates significant corporate adoption of stablecoins, stressing that distribution will be key to their success.

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INSIGHT

Single API For Fragmented On/Off Ramps

Borderless is an orchestration layer that integrates many local on/off-ramp providers into one API for global crypto-fiat flows.
The company stays out of the flow of funds and acts as a communication and technology layer between partners.

INSIGHT

Out Of Flow, Not Out Of Reach

Borderless does not custody funds and instead instructs clients where to deposit so local partners handle conversion and liquidity.
This design reduces regulatory complexity and lets Borderless focus on orchestration and data consolidation.

INSIGHT

Consolidated Ops And Reconciliation

Borderless consolidates operational dashboards, reconciliation, and rates data to give clients a single source of truth across partners.
This reduces engineering and ops overhead for firms stitching many local providers together.

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In this episode of The Defiant Podcast, Chris Storaker sits down with Alex Garn, Chief Product Officer at Borderless, to unpack how stablecoins are quietly transforming cross-border payments — and what it actually takes to move money at scale across jurisdictions.

Alex walks through Borderless’ role as an orchestration layer for global on- and off-ramps, why the company stays out of the flow of funds, and how a single API can replace dozens of fragmented integrations across local regulators, liquidity providers, and banking partners.

We explore why stablecoins are moving beyond trading and DeFi collateral into real-world enterprise payments, where they already outperform legacy rails on settlement speed, transparency, and custody — especially across emerging market corridors like Latin America and Southeast Asia.

The conversation also digs into the hard parts: liquidity constraints by corridor, KYC and compliance friction, why US–EU payments still favor SWIFT, and whether incumbents like Visa, Mastercard, and SWIFT are more likely to be disrupted or to acquire their way into the future.

Finally, Alex shares his outlook on regulatory clarity post-GENIUS, the coming wave of corporate stablecoin adoption, and why distribution — not branding — will determine which stablecoins ultimately win.

00:00 — Intro: Alex joins The Defiant Podcast

01:30 — From DeFi & data science to stablecoin payments

04:10 — What Borderless does: orchestration vs custody

07:10 — Why cross-border on/off-ramps are still fragmented

10:00 — Stablecoins beyond DeFi: real enterprise payment use cases

12:45 — Treasury management, payouts, and B2B adoption

15:30 — Liquidity realities: when $10M+ stablecoin payments work

18:10 — Why US → Latin America leads stablecoin adoption

20:30 — Where stablecoins don’t win (yet): US–EU & SWIFT

22:50 — KYC as the biggest bottleneck in crypto payments

26:00 — Self-custody, bank risk, and corporate treasuries

29:30 — Stablecoins vs SWIFT: speed, cost, and settlement

33:00 — Visa, Mastercard, SWIFT, and the M&A race

36:40 — Regulation after GENIUS and global spillover effects

39:40 — What enterprise adoption looks like in the next 2–3 years

42:30 — Stablecoin fragmentation, liquidity, and consolidation

45:00 — Closing thoughts: what excites Alex most about the future