Big Tech Goes Stablecoin: Amazon, Alipay and Grab Unveil Plans

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Dec 2, 2024

Ollie Harris, former MD at Goldman Sachs, and Maria Orszag, VP of product at Xapo Bank, dive into the transformative world of stablecoins and digital payments. They discuss Amazon's foray into tokenized seller payments and its potential to revolutionize cash flow for sellers. The conversation shifts to Alipay's partnership with Grab for enhanced cross-border payments, showcasing the efficiency of stablecoins. They also explore Tether's new Hadron platform for asset tokenization, emphasizing its implications for businesses and the future of finance.

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INSIGHT

Amazon's Stablecoin Pilot

Amazon is piloting a program to tokenize seller receivables and settle them with stablecoins.
This offers faster payments and access to lending for sellers, potentially improving their cash flow.

INSIGHT

Cross-Border Payments with Stablecoins

Tourists can use their home payment apps in Singapore through a partnership with StraitsX, Alipay+, and Grab.
This leverages stablecoins for instant, cross-border transactions, benefiting both tourists and merchants.

INSIGHT

Stablecoins for Wallet Interoperability

Closed-loop payment wallets lack interoperability, hindering global transactions.
Stablecoins could bridge this gap, facilitating real-time value transfer between different wallets.

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What impact will Tether's asset tokenization platform have on stablecoins and the RWA market?

On Ep. 12 of Tokenized, Simon Taylor, Head of Content & Strategy @ Sardine, and Cuy Sheffield, Head of Crypto @ Visa, are joined by Ollie Harris, former MD and Head of Digital Assets for the Americas @ Goldman Sachs and Maria Orszag, VP of product @ Xapo to discuss Amazon simulating tokenized seller receivables with stablecoins, StraitsX partnering with Alipay+ & Grab for cross-border settlement and Tether unveiling their new platform Hadron.

Timestamps:

02:30 Amazon simulates tokenized seller receivables with stablecoins
09:54 StraitsX partner with Alipay+ & Grab for cross-border settlement
18:50 Tether unveil new platform Hadron
22:48 Trade finance & use cases
27:10 Xapo Bank launch crypto fiat product in the UK
34:18 Crypto adoption and impact on institutions
38:33 The next 12-18 months at Xapo Bank

This episode is brought to you by Visa

A world leader in digital payments, Visa is bridging the gap between traditional financial institutions and innovative blockchain networks, helping players in the payments ecosystem navigate the ever-evolving world of tokenized fiat currencies with confidence and ease. Learn more at visa.com/crypto

Visa’s Tokenized Asset Platform (VTAP) uses smart contracts and cryptography to help banks bring fiat currencies onchain. VTAP allows financial institutions to issue fiat-backed tokens, improving financial efficiency and enabling programmable finance. Express interest in VTAP at globalclient.visa.com/vtap

This podcast is also supported by Digital Asset.

Digital Asset is excited to launch the Canton Network, a proven, trusted, and scaleable service that provides interoperability between institutional-grade tokenization platforms. The Global Synchronizer is now live, managed by Linux and institutions are actively using Canton Coin to manage the governance. No, the banks haven’t launched a token in the classic sense, this is much more interesting. They’ve done it to make all token networks interoperable. Find out more at canton.network