Global companies embracing stablecoins for international payments, but retail users face restrictions in certain countries
From Cointelegraph
June 27, 2025 10:08:00 AM:
Many global companies are embracing stablecoins for cryptocurrency payments, but retail users are prohibited from using crypto payments in countries like China, Indonesia, Russia, and Turkey. However, some legal experts suggest that using cryptocurrency for payments abroad may be legally permissible. Georgian travel company Tripzy now accepts Tether’s USDT stablecoin for international services. Russian and Turkish residents can pay for foreign services using cryptocurrency, as long as it’s not for contractual purposes within their own countries. Regulatory overlaps between countries may attract global authorities’ attention, potentially leading to compliance issues. The Financial Action Task Force warns about the increasing role of stablecoins in facilitating illicit transactions. Most on-chain illicit activity now involves stablecoins, prompting the FATF to provide a targeted report on stablecoins in the first quarter of 2026.
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