Xflow has announced the launch of a pilot programme that enables Indian businesses to accept payments in stablecoins such as USDC and USDT from global customers and compliantly convert them into INR.
The company stated that the solution is designed for stablecoin-native platforms and cross-border payment providers, allowing them to offer stablecoin payment acceptance without requiring platforms or customers to directly hold, manage, or take custody of stablecoins. Under the framework, the stablecoin component of the transaction remains entirely outside India, while only fiat currency enters the country through an Authorised Dealer Category-I bank along with compliance documentation.
According to Xflow, the initiative aims to address growing demand from Indian MSMEs, exporters, SaaS companies, and service providers as international businesses increasingly adopt stablecoins for cross-border transactions.
The company added that the absence of a compliant stablecoin acceptance framework has often created payment friction for Indian businesses dealing with global customers preferring stablecoin transactions.
To support the process, Xflow has partnered with an overseas licensed entity to accept and off-ramp stablecoins outside India before routing the funds into India through regulated fiat banking channels.
Commenting on the launch, Anand Balaji, Co-Founder, Xflow, said, “Indian businesses should not be losing business because their international customers want to pay in stablecoins. Building a seamless and compliant money-movement infrastructure for exporters is exactly what Xflow is here to do. We are quite excited about this release and have initially rolled this out to select platforms, giving their users the best of both worlds by supporting stablecoin transactions compliantly.”
The company stated that platforms already offering stablecoin wallets can now enable compliant stablecoin-to-INR settlement for their customers using Xflow’s infrastructure stack, which manages the off-ramp and settlement processes.
Xflow also said it plans to gradually expand the pilot programme to additional stablecoin-native platforms in the coming months.
Founded by Anand Balaji and Ashwin Bhatnagar, the company focuses on cross-border payment infrastructure solutions for freelancers, SMEs, and enterprises.
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