[White Paper] The Opportunity for Compliant Stablecoins in Modern Commerce

The Whitepaper emphasizes that cross-border trade payments offer a promising frontier for regulated enterprise stablecoins to showcase their unique value. This is particularly evident in payment corridors connecting mature markets like Hong Kong with emerging economies. Stablecoins unlock this potential through clearing and settlement efficiency that outperforms traditional correspondent banking networks. Meanwhile, they provide essential structural channels in markets hampered by deficient local banking and clearing capabilities.

According to data from the decentralized finance analytics platform DefiLlama, the total market capitalization of global stablecoins has scaled past US$323 billion as of May 2026, with full-year transaction settlement volume eclipsing US$33 trillion by the end of 2025. B2B payments currently stand as the most critical growth vector for stablecoin application expansion.

The Whitepaper explores the potential value of stablecoins within the real economy. It achieves this by tracing the market scale, strategic positioning, and evolving roles of stablecoins across their different developmental phases, while analyzing the unmet structural demands in global cross-border payments. The research focuses primarily on regulated enterprise stablecoin USDGO and OSL BizPay, an all-in-one stablecoin cross-border B2B payment solution. PolyU Business School CDAI provided academic backing for the study, while OSL supplied practical industry insights.