Stablecoins are emerging as the unseen infrastructure of tomorrow's payments - digital rails that move money as invisibly as semiconductors power smartphones. OwlTing’s vision is to make stablecoin payments as seamless as card transactions while quietly outcompeting legacy systems on cost, speed and compliance.
Key Takeaway
Just as semiconductors power digital infrastructure behind the scenes, stablecoins will power the next phase of global commerce.
Every day, SWIFT facilitates $2.8T in transactions, but with settlement times of 18 hours and fees reaching $25–50, it represents infrastructure designed for a pre-digital era. Visa and Mastercard together process nearly $6T every quarter, yet merchant fees remain stubbornly high and cross-border inefficiencies persist.
Key Takeaway
Legacy rails command trillions but remain structurally inefficient - creating a market ripe for disruption by stablecoins.
Instead of days, settlement happens in seconds. Instead of $50 per transfer, costs shrink to a fraction of a cent. With global stablecoin payments transaction volume estimated at $28B in 2025 - and Asia already accounting for 18% - stablecoins are not speculative curiosities but real payment alternatives.
Key Takeaway
Stablecoins directly impact competitiveness in global trade, shrinking costs while expanding reach.
OwlTing is positioning itself not as a consumer brand, but as the future Visa/Mastercard of stablecoins - the connective tissue that enables fiat and digital assets to move with enterprise-grade reliability. Through strategic licensing investments of $5M+ and collaborations with networks like Visa and Checkout.com, OwlTing is lowering card on-ramp fees from 4-8% to as low as 1-3%. Its debit card integrations unlock cheaper flows, making stablecoin usage practical for mainstream commerce.
Key Takeaway
Credit and debit card volumes are measured in trillions. OwlTing’s proposed card-integrated stablecoin rails point to the scale of growth ahead.
Stablecoin payments have exploded from $335k in 2022 to nearly $20B year-to-date in 2025 - an 806x jump year-on-year. Adoption is no longer theoretical; it is compounding at internet-era speeds.
Key Takeaway
An 806x YoY surge in payments reaffirms that stablecoins are crossing into the mainstream - an inflection point OwlTing is built to capture.
Just as users rarely think of the semiconductors in their phones, tomorrow’s consumers won’t think about stablecoin rails. They’ll simply swipe, tap, and click, while OwlTing routes value across fiat and digital networks with instant finality and lower costs. By embedding card integrations at the heart of its stack, OwlTing echoes the very networks it seeks to evolve - Visa and Mastercard - while laying the invisible foundation for global stablecoin commerce.
Key Takeaway
OwlTing is positioning itself as the future “Visa of stablecoins” – unseen, but indispensable.
The island of Taiwan is home to Taiwan Semiconductor Manufacturing Corporation. TSMC's chips are in virtually every consumer electronic device, but the company doesn't have the recognition of Apple, Tesla, or other well known brands and that's a product of the company's role in the electronics ecosystem.
For the consumer, it's not important to know where their chips are fabricated. They have no preference – nor knowledge – if the chip that powers their device was made at TSMC, or, at one of its rivals. The chip is invisible; what's important are the yearly improvements in the chip's speed and processing power.
Likewise, when consumers want to send money, most aren’t interested in the technical intricacies of how it works. They want it to happen quickly and cheaply. Consumers want the speed and low fees of stablecoins and they don't have a specific attachment to the issuer. Just as chipmakers enable entire industries to thrive behind the scenes, stablecoins form the unseen backbone of tomorrow’s payment networks. Every quarter, Visa and Mastercard process more than $5.7T in card payments, yet these networks remain expensive and siloed. Stablecoins promise the same familiar swipe-and-tap user experience, but with faster settlement, lower fees, and cross-border reach. OwlTing’s vision directly addresses this gap, positioning stablecoins as the next-generation counterpart to global card networks.
The brand on the token is secondary. What matters is that the money moves instantly, securely, and at minimal cost. To the end user, the only visible improvement is convenience — just as a fast phone processor gives a smoother user experience or a superior engine makes a car more efficient.
This is where OwlTing and its suite of stablecoin offerings position itself. Instead of competing on consumer branding, it focuses on constructing the rails that merchants, platforms, and institutions can rely on. These rails are designed for interoperability, so whether funds originate in USDC, or other regulated stablecoins in the future, the experience is seamless. The complexity of liquidity management, cross-border settlement, and compliance is handled invisibly in the background.
By abstracting away the technical details, OwlPay ensures that stablecoins can scale beyond niche crypto use and into mainstream commerce. The ambition is not just to process payments, but to power a new layer of global trade where settlement happens in seconds, rather than days.
If TSMC gave the world the processing power to build the digital economy, OwlPay’s rails aim to deliver the monetary infrastructure for its next phase.
The global financial system still runs on infrastructure designed for a pre-digital era. At the center is SWIFT, the dominant messaging network for cross-border settlements. Every day, it facilitates roughly $2.8T in transactions. But despite the scale, its inefficiencies are striking.
A typical SWIFT transfer takes approximately 18 hours to settle, with costs ranging from $25 to $50 per transaction. On top of that, banks layer in foreign exchange markups of 2% to 5%, often opaque to the customer. With multiple intermediaries involved – correspondent banks, local clearing systems, FX desks – fees compound while transparency disappears. For businesses operating on thin margins, every $25 SWIFT fee or 2% FX markup compounds into a structural disadvantage. Stablecoins don’t just shave seconds off settlement; they directly impact competitiveness in global trade.
Card networks like Visa and Mastercard, with quarterly volumes of $3.3T and $2.4T, respectively, in Q1 2025, also represent enormous flows. These networks rely on siloed networks that prioritize merchant fees over cross-border efficiency. Together, these legacy rails command a multi-trillion-dollar market ripe for disruption.
Stablecoins offer a clear alternative. Instead of days, settlement happens in seconds. Instead of paying $50 plus a markup, transfers can cost a fraction of a cent.
With the global non-crypto stablecoin transaction volume estimated at $28B annually, and Asia alone accounting for 18% of payment transactions, the scale of opportunity is undeniable. The invisible rails of the future are unlikely to be built on SWIFT delays and FX opacity, but instead on stablecoin infrastructure designed for speed, efficiency and interoperability.
Not Everyone Can Build Global Stablecoin Infrastructure
Building a global stablecoin infrastructure that integrates banks, fintechs, and blockchains is far harder than the sleek consumer-facing interfaces suggest. Behind the scenes, issuers and payment platforms struggle with inconsistent systems, strict compliance rules, slow settlement infrastructure, and deep-seated trust barriers. The work OwlTing has undertaken to secure licenses and construct compliant rails illustrates how costly and complex this process has become.
At the systems level, each bank and payment provider maintains its own APIs and onboarding requirements. Integrating with them is rarely plug-and-play. Settlement windows differ – some counterparties still clear in days rather than minutes – making it difficult to align with the 24/7 nature and speed of blockchains.
The mismatch between fiat rails and digital token transfers introduces friction that can only be bridged through painstaking compliance work, reconciliation processes, and robust treasury management. Cross-border integration magnifies these challenges. Linking accounts across jurisdictions involves navigating inconsistent data standards, extensive KYC/AML documentation, and operational hurdles, including differing cutoff times for FX transactions.
Trust adds another layer of difficulty. For banks and traditional payment providers, working with a fintech or blockchain company requires confidence that compliance, cybersecurity, and financial controls meet their standards. Without regulatory approval, partnerships are rarely possible. Visa or Mastercard, for example, will not engage with issuers that cannot demonstrate the proper licenses and audits. The licensing process becomes not just a legal hurdle, but a passport to building trusted relationships that enable scale.
Why Licensing is a Moat
Few players can afford the investment required. OwlTing has spent over $5M to build its licensing and compliance infrastructure, establishing the compliance team to a multi-disciplinary unit supported by outside counsel. While OwlTing’s investment of $5M in compliance creates a defensible moat, it also highlights the steep cost of entry that may constrain smaller innovators.
Building infrastructure that looks more like a bank than a startup narrows the field of competitors, but also raises questions about whether the market will consolidate around only a handful of global issuers. Beyond legal and compliance, the company has drawn in R&D, cybersecurity, finance, and partnerships staff to complete the detailed packages regulators require: business plans, surety bonds, financial audits, cybersecurity policies, and prospective growth models.
As OwlTing’s legal team explained in an interview, “It’s a company-wide effort… applications require a complete package” that demonstrates the organization can operate like a regulated financial institution.
Global Regulatory Frameworks
The US: From Patchwork to GENIUS Act
This company-wide effort creates a barrier to entry that many competitors cannot overcome. The U.S. illustrates the challenge. For years, stablecoin issuers had to cobble together state-by-state money transmitter licenses, with overlapping obligations and annual audits. Some states, such as New York, required dedicated crypto licenses and rigorous reserve rules.
The federal framework only arrived in 2025 with the GENIUS Act, which imposes bank-like standards: 1:1 backing in cash and Treasuries, monthly reserve attestations, and federal supervision. For issuers like Circle, which have already aligned with New York’s regime, the transition is manageable. Tether, which had its challenges with U.S. regulators, recently announced USAT – a U.S.-compliant stablecoin designed to be compatible with the GENIUS Act and state-level licenses.
The European Union has pursued a different strategy, introducing MiCA in 2023 as the world’s first bloc-wide licensing regime. Stablecoin issuers must be authorized as e-money institutions, hold full reserves and guarantee redemption rights. Significant issuers face stricter capital rules and direct oversight by the European Banking Authority.
Perhaps most challenging, MiCA limits the use of non-euro stablecoins in payments to €1M per day, pushing issuers toward euro-denominated tokens. Circle responded by securing an EMI license in France to issue USDC and its euro stablecoin EURC. Tether, by contrast, faced delistings of its euro stablecoin EURT on European exchanges for lack of compliance.
Singapore has charted a more targeted course. The Monetary Authority of Singapore’s 2023 framework applies to single-currency stablecoins pegged to the Singapore dollar or G10 currencies. Issuers must maintain 1:1 reserves in high-quality assets, guarantee redemption within five business days, and hold at least S$1M in base capital. Circle and Paxos secured licenses under the Payment Services Act, cementing Singapore as a hub for regulated stablecoin activity.
For OwlTing, these regimes underscore both the difficulty and the defensibility of building infrastructure. Securing licenses across the U.S., EU, and Japan, with many more in progress, creates a compliance moat. Competitors operating only in narrow corridors, like U.S.–Latin America, cannot easily replicate the breadth of approvals or the trust it unlocks. By committing early resources to global licensing, OwlTing positions itself as one of the few players able to knit together banks, fintechs, and blockchains into a seamless, compliant stablecoin infrastructure.
Q (Sam Reynolds) A (Owlting Legal Team)
Q. How complex is it to obtain the licenses needed to operate a company like OwlTing, and what steps are required?
A: Obtaining the necessary licenses is a long and highly complex journey. We began preparing license applications in 2021, starting in the U.S., which is governed by a patchwork of state-by-state regimes. Some states regulate only fiat, others cover both fiat and crypto, while jurisdictions like New York (BitLicense) and Louisiana issue dedicated virtual currency licenses. Each state requires detailed submissions such as business plans, surety bonds, minimum net worth requirements, AML/KYC programs, cybersecurity assessments, OFAC screening, and annual financial audits.
In parallel, we pursued international licensing: in Japan, we are securing three licenses (API, FTSP, and EPI), making OwlTing the only non-bank institution applying for all three. In Europe, we are registered in Poland as a VASP and are upgrading to CASP under MiCA, while also evaluating the need for EMI licenses.
The process is both resource-intensive and time-consuming. For example, U.S. Money Transmitter Licenses (MTLs) can take 6–18 months per state, with ongoing requirements for consumer protection, compliance audits, and continual regulatory filings. To manage this, we built a structured compliance team across the U.S., Japan, and Taiwan, supported by outside counsel, cybersecurity specialists, and finance experts.
Even after obtaining licenses, the obligations remain significant: KYC and transaction monitoring, cybersecurity audits, suspicious activity reporting, and regular updates to compliance processes. These licenses are not just a regulatory requirement, they are the foundation that enables us to work with global payment networks such as Visa, Circle, and Banking Circle, and to operate a secure, compliant cross-border payment infrastructure.
Q. What are the consequences of not being compliant?
A: Non-compliance carries significant risks. Without a strong compliance framework, regulators may refuse to issue licenses at the outset. After licensing, violations can result in enforcement actions, warning letters, monetary penalties, or even license suspension or revocation, directly jeopardizing both our ability to operate and our client relationships.
Beyond regulatory consequences, non-compliance undermines partnerships. Global financial networks and payment providers such as Visa will not engage with companies that cannot demonstrate regulatory approval, AML/KYC effectiveness, OFAC sanction screening, and cybersecurity safeguards. Any lapse in these areas can immediately halt onboarding discussions or trigger contract termination.
It also poses reputational risks. In financial services, trust and compliance are inseparable. A single violation, such as inadequate suspicious activity reporting, weak transaction monitoring, or failure to safeguard client funds, can erode confidence among clients, investors, and counterparties.
In short, compliance is not optional. It is the backbone of our credibility, the foundation of our partnerships, and the assurance that allows OwlTing to operate in highly regulated jurisdictions worldwide.
Q. How much manpower does it take to secure these licenses?
A: It’s a company-wide effort. Beyond our legal and compliance teams, more than 20 people from R&D, cybersecurity, finance, and partnerships have been involved. We’ve also established dedicated teams in the U.S., Japan, and Taiwan.
Applications require a complete package: business model, compliance framework, cybersecurity policies, financial audits, and prospective plans. So while I coordinated, the entire company contributed.
Q. Why is it important to pursue licenses globally rather than only in the U.S.?
A: The U.S. was our first step, laying the foundation. But our goal is a global network. We are applying in Singapore and Hong Kong, and in Japan we already hold an Electronic Payment Service Operators License (bank API license). We also have virtual asset service provider (VASP) licensing in Europe. Most regulators share a common priority: robust compliance, with local hires often required to ensure effective engagement with authorities.
Cross-border payments are the ultimate goal. To enable a true one-stop stablecoin infrastructure, we need licenses in multiple regions. Many competitors operate only within a limited corridor, like the U.S. to Latin America. Our aim is a seamless global system that covers Asia, Europe, and beyond.
As of September 2025, OwlTing expanded U.S. license coverage to 36 states, including North Carolina
Q. What level of investment has OwlTing made in compliance and licensing?
A: We have invested millions of dollars thus far. This includes license applications, compliance infrastructure, and the resources needed to maintain operations across jurisdictions.
Fast Facts: OwlTing Licensing & Compliance
Reducing Costs through Stablecoins
OwlTing positions itself as the Visa and Mastercard of the digital currency era, providing the connective tissue that lets fiat and stablecoins move with the reliability enterprises expect. The platform is designed as a one-stop stack that includes on and off-ramp infrastructure, a digital wallet, a payment gateway, and real-time AML monitoring. The goal is simple: make stablecoin payments usable at scale in the real economy.
Cost is the main friction today. Credit card on-ramps often cost 4% to 8% once provider fees and FX are included. OwlPay is working with Checkout.com to lower that to about 2% to 3% in the U.S., and roughly 1% to 3% in the E.U., with FX between USD and USDC targeted at 1, compared with an industry benchmark of about 1.01 to 1.07. Debit card flows can be even cheaper. By integrating Visa Direct for Card, OwlPay aims to facilitate stablecoin ramping for users with only debit cards, with transfer costs of less than 1% in the best-case scenario.
The market is moving fast.
Industry data show stablecoin payments, used here as a proxy for non-crypto stablecoin volume, at $335k in 2022, $1.49M in 2023, $24.12M in 2024, and $19.44B year-to-date in 2025.
This is an 806x jump versus 2024. Payments already account for 18% of stablecoin transactions in Asia. OwlPay’s proposition is to capture this shift by offering an integrated, compliance-ready bridge between bank money and stablecoins, so businesses can accept, route, and settle value with lower costs and stronger controls.
OwlPay Harbor
OwlPay Harbor is the programmable infrastructure that enables seamless conversion between U.S. dollars and stablecoin (USDC). Functioning as a licensed Stellar Anchor, Harbor provides platforms with an API that integrates directly into their payment flows, allowing users to deposit or withdraw fiat through ACH and wire transfers and receive the equivalent in USDC at a 1:1 rate. This design reduces the reliance on costly correspondent banks, cutting FX spreads, processing fees, and settlement delays that have traditionally constrained cross-border payments.
OwlPay Harbor acts as the “plumbing” behind a range of applications, from wallets and exchanges to e-commerce platforms. By using USDC as an intermediary, businesses can execute near-instant global payouts while remaining compliant with money transmitter licensing requirements in 30+ U.S. states. The system also supports multi-chain integrations, with expansion beyond Stellar into Ethereum, Base, and Solana.
Users frequently cite faster settlement and lower costs as key advantages, but regulatory rigor is what differentiates OwlPay Harbor from competitors. Every transaction passes through real-time KYC/AML checks, ensuring audit readiness and meeting global compliance expectations. In practice, OwlPay Harbor offers both speed and trust, two qualities rarely found together in cross-border finance.
OwlPay Wallet Pro for Enterprise
OwlPay Wallet Pro is a secure, multi-chain wallet solution tailored for businesses that need to manage digital assets without the complexity of private key custody. Instead of relying on passwords or seed phrases, Wallet Pro uses Multi-Party Computation (MPC), which distributes key control across multiple parties and devices. This approach virtually eliminates the risk of loss from misplaced credentials and provides enterprise-grade recovery options.
Beyond security, Wallet Pro is designed for compliance and governance. It integrates KYC/KYB onboarding and real-time transaction monitoring, ensuring that businesses meet regulatory obligations while transacting in stablecoins or other digital assets. Companies can configure multi-tiered approval flows so no single individual can move funds without oversight, while every action is logged for auditability. Multiple sub-wallets can be created to segregate funds by project, department, or client, simplifying treasury management at scale.
The wallet’s broader value lies in making blockchain “enterprise-ready.” Finance teams without crypto expertise can still operate effectively, thanks to a user-friendly dashboard and governance tools. This combination of compliance, usability, and flexibility positions Wallet Pro as a competitive offering against institutional custodians.
OwlPay Payment
OwlPay Payment digitizes global B2B transactions by combining fiat payouts, credit card collections, stablecoin support (USDC today, with future expansion to other regulated stablecoins), and reconciliation workflows in a single platform. Businesses can use it to send money to over 190 countries in 41 currencies, backed by real-time FX for six major funding currencies. Through partnerships with settlement providers, OwlPay reduces per-transaction costs from $25–30 via banks to under $10, while also enabling same-day or even instant settlements in many corridors.
The system’s differentiator is its operational workflow. Companies can pre-fund accounts, schedule bulk payouts, and route disbursements in local currencies, reducing friction for suppliers. A built-in approval and verification flow mirrors corporate finance controls, ensuring that large or sensitive payments receive oversight before execution. On the collection side, OwlPay supports credit card payments in Taiwan and Hong Kong, enabling enterprises to both pay vendors and collect from customers on the same system.
Looking ahead, OwlPay is also designed to integrate chain bridges, enabling value to move seamlessly between fiat and multiple blockchains once regulatory clarity expands. Compared with traditional banks, OwlPay Payment offers speed and cost savings, but also process efficiency. Automating reconciliation can cut finance team workloads by as much as 50%. In practice, this makes OwlPay not just a payments engine, but a productivity tool that strengthens international expansion strategies.
OwlPay Stablecoin Checkout
OwlPay Stablecoin Checkout enables merchants to accept USDC from global customers while settling in fiat. The system is available as both an API for larger platforms and via OwlPay’s merchant dashboard for SMEs; the UI layer that sits within OwlPay Payment. When a customer pays in USDC, OwlPay instantly converts the funds into U.S. dollars and credits the merchant, insulating them from crypto volatility and operational complexity.
Three main advantages stand out. First, settlement is faster and cheaper than card payments, with transactions completing in minutes and fees well below the ~3% typical of credit cards. Second, payments are final – there are no chargebacks – reducing exposure to fraud. Third, global reach improves significantly: customers can pay from anywhere with USDC, bypassing FX fees and cross-border bank hurdles.
The most common use cases are e-commerce, online travel agencies, and digital services, where margins are tight and fraud risk is high. A travel booking site, for example, can accept USDC from an overseas client and still receive fiat USD instantly, avoiding both FX conversion costs and settlement delays. For businesses, Stablecoin Checkout provides access to the growing crypto customer base while delivering the reliability of traditional payments.
AML and Compliance Services
OwlPay’s AML and compliance layer underpins all its products, functioning as an integrated monitoring and onboarding system. It supports real-time KYC for individuals and KYB for businesses, verifying over 5,000 types of IDs across 200+ jurisdictions. Using AI-driven screening, it checks names against 20,000+ sanction lists and 36,000+ media sources, achieving up to 95% accuracy in risk detection.
The service continuously monitors transactions across fiat and stablecoin flows, flagging suspicious activity with tiered alerts. It also enforces the crypto Travel Rule, attaching user identity data to blockchain transfers as required by regulators. For businesses, the system provides dashboards, reporting, and audit logs that simplify compliance across multiple jurisdictions.
Compliance is both a differentiator and an operational necessity. By automating processes that would normally consume staff time, OwlPay’s system can significantly reduce review times and errors . This efficiency allows companies to scale payments without proportional increases in compliance costs. Just as importantly, the integrated approach ensures that both fiat and crypto rails are covered under the same framework, a rare feature among payment providers.
The volume of stablecoin payments has surged to nearly $20B year-to-date, representing more than 800-fold growth compared with the prior year. This trajectory underscores a clear shift: the market is rapidly adopting the “invisible rails” that underpin next-generation payments.
OwlTing’s thesis is straightforward yet transformative. Stablecoin payments should feel as seamless as card transactions, while quietly outcompeting legacy systems on cost, speed, and compliance. The user experience remains unchanged—swiping, clicking, and tapping as before—while a regulated network routes value across fiat and stablecoin rails, delivering instant finality when possible and predictable settlement when not. Progress is measured in concrete terms: cents saved per dollar moved, hours eliminated from settlement times, and the rising share of stablecoin volumes relative to SWIFT.
The foundations for this vision are already in place. OwlTing’s programmable infrastructure enables conversion between USD and USDC, supports global payouts, and addresses the pain points that make cross-border payments costly and slow. Wallet Pro provides MPC-based security, multi-tiered controls, and integrated KYC/AML, ensuring enterprises can move funds securely while meeting audit requirements. OwlTing Payment extends fiat-based payouts and card collection across Hong Kong and Taiwan, with real-time FX for major currencies and coverage in more than 190 jurisdictions. Familiar card on-ramps further reduce friction, enabling mainstream users to enter Web3 in a single step.
What transforms this stack into a defensible moat is licensing and trust. Deep integration with banks and payment providers, alongside multi-jurisdictional compliance across the U.S., E.U., Japan, and beyond, raises barriers for competitors. If Visa and Mastercard defined the internet of cards, OwlPay is positioning itself to power a unified financial internet—where value moves as effortlessly as digital content, and where the infrastructure itself remains unseen.
As with semiconductors in an iPhone or an EV, users rarely think of the critical components that make innovation possible. Yet without these hidden layers, modern technology would not function. Payments are no different. The future of commerce and digital economies will rely on unseen rails that enable frictionless value transfer. OwlTing’s ambition is to serve as that invisible foundation, the “TSMC of payments”, securing the rails before the industry scales and powering the next wave of global financial innovation.
Disclaimer
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