Xtransfer's user count exceeds 700,000, and overseas stablecoin collection services are expected to be launched within this year | Frontline News

Text by | Zhang Ziyi

Edited by | Yuan Silai

On August 26th, the Future Foreign Trade Conference hosted by XTransfer was held in Guangzhou. Deng Guobiao, the founder and CEO of XTransfer, pointed out at the conference that Chinese foreign trade enterprises are actively adjusting their strategies to reduce their dependence on a single market, and developing countries and emerging markets have become new opportunities.

The PMI index of XTransfer in July shows that the export PMI of African countries ranks first, and the export order index performs outstandingly. Relying on the demographic dividend, infrastructure demand, and consumption upgrading, Africa has become a "new blue ocean" for small, medium, and micro - enterprises to expand their overseas business. Among them, the PMI indexes of countries such as Ghana and Nigeria perform remarkably.

Meanwhile, the "New Three" (lithium batteries, new - energy vehicles, and solar cells) have excellent export performance. The export order index and price index are higher than the overall market, and the export destinations are diversified. Europe has a strong demand for the "New Three" due to its environmental protection policies; in Southeast Asian countries such as Vietnam, Thailand, and Malaysia, the exports of electric vehicles and lithium batteries have increased significantly; the infrastructure demand in Latin America and Africa has also created opportunities for the export of the "New Three".

As a one - stop cross - border financial and risk control service company for foreign trade enterprises, XTransfer has become the leading platform for B2B foreign trade finance in China. After years of accumulation, its risk control ability has obvious advantages in the cross - border risk management system and has been significantly improved with the help of AI technology. It has a large amount of user behavior data, risk cases, and strategy models. Combined with the experience of the expert team, it has improved the accuracy of risk identification and reduced misjudgment and omission; digital, automated, and intelligent technologies enable automatic transaction review, reducing labor costs; the integration of risk control and product processes simplifies operations and optimizes the user experience. Currently, the rate of risk - free and automatic review for customers has increased from 96% to 99%.

To address the challenges of business implementation in new markets, XTransfer has established a global local team to communicate directly with customers and actively engage with financial regulators in various regions. In 2025, XTransfer launched the "Battle of a Hundred Channels" and plans to add 100 new funding channels to solve the pain points of compliant collection for overseas - going enterprises.

In addition, the legislation on global stablecoins is accelerating. The "Stablecoin Ordinance" in Hong Kong and the "GENIUS Act" in the United States have been implemented successively, bringing changes to the payment industry. Deng Guobiao said that stablecoins will become a new infrastructure for cross - border trade settlement, and there are huge application opportunities in the B2B cross - border payment field.

Based on this, XTransfer announced that it will launch an overseas stablecoin collection service overseas within this year, and some customers will be able to experience it first. Traditional cross - border payments are troubled by issues related to correspondent banks, with high handling fees (US$50 - 100 per transaction), long arrival times (1 - 5 working days), and the investigation of transaction disputes may take 2 - 4 weeks. However, stablecoins are based on blockchain open - ledger technology, which eliminates the problems of correspondent banks. The transaction time is shortened to minutes or even seconds, with low costs and 7×24 - hour operation, bringing innovation to cross - border payments.

Deng Guobiao believes that in the future B2B cross - border payment field, both payment companies and banks will support stablecoins; otherwise, they will be eliminated by the market. Dual - currency wallets (fiat currency + stablecoin) will become the new standard for B2B cross - border trade payments, and enterprises can choose the payment method according to their needs. Although stablecoins are developing rapidly, they cannot completely replace fiat currency during the process of gaining market and regulatory recognition, and the demand for exchanging fiat currency and stablecoins will exist for a long time.