Vietnam's regulatory sandbox achieves new breakthrough: stablecoin payment gateway officially launched, enabling seamless cross-border payments for US users

RumbleValidator · 2026-01-21T16:20:10+00:00

The regulatory sandbox framework of Vietnam International Financial Center has approved 9Pay to conduct blockchain and stablecoin payment pilots, enhancing user experience and simplifying the payment process. This paves the way for Vietnam's digital government development and US fintech companies to establish compliant pathways. It is expected that by 2025, stablecoin transaction volume will significantly increase, promoting the adoption of cross-border payments.

RumbleValidator

2026-01-21 16:20:10

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【Crypto World】Vietnam’s International Financial Center’s Regulatory Sandbox Framework Welcomes New Developments—9Pay Approved to Pilot Blockchain and Stablecoin Payments. What does this mean? The user experience changes are quite intuitive: US users can now complete stablecoin payments with a simple QR code scan, eliminating the traditional fiat currency exchange step.

This case reflects opportunities on two levels. On one hand, Vietnam, under the broader push for digital government construction, is implementing specific fintech applications to achieve its goals. On the other hand, for US fintech companies, this provides a relatively clear compliance pathway to directly tap into the expanding Southeast Asian market.

Data supports this assessment: it is predicted that by 2025, global stablecoin transaction volume will surpass $33 trillion, and foreign exchange costs are continuously decreasing. Against this backdrop, the barriers to cross-border payments are gradually being dismantled, and compliant entry has become the key to breaking through. If this model can be replicated in other countries and regions, it could accelerate the adoption of stablecoins as a cross-border payment tool.

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TokenomicsDetective

· 8h ago

Things are really moving quickly over in Vietnam, but is it really just as simple as scanning a QR code? It still feels a bit optimistic; the real bottleneck is compliance. Can things go so smoothly in the US?

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rekt_but_resilient

· 8h ago

Wow, Vietnam's move is impressive. Stablecoin payments directly via QR code? It feels like the breakthrough in cross-border payments is finally happening.

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MetaNeighbor

· 8h ago

What new moves is Vietnam making again? Can the 9Pay stablecoin QR code payment really be used? I always feel that the well-designed compliance framework ends up being just on paper. Scan to receive money across borders? Then why am I still holding my USDT? Looks like I really need to get moving now. Is 33 trillion true? That number sounds a bit overwhelming, feels like it's exaggerated a bit. Vietnam is indeed competing hard. Southeast Asia's opportunities are really big, but the real question is how much of it can actually be implemented? Wait, US users can access seamlessly like this? Does Vietnam dare to loosen regulations so much? I’m a bit skeptical.

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BlockchainRetirementHome

· 8h ago

Vietnam's move is pretty good, with stablecoin payments directly implemented, saving the step of fiat currency exchange, which is quite interesting. Just scan the QR code and you're done? Still depends on the actual user experience. 33 trillion in transaction volume... That number sounds pretty scary, but compliance is the real hurdle. Breaking through in cross-border payments? Don't get your hopes up. The Southeast Asian market is so competitive, it's hard to say who will make it to the end. Vietnam is making frequent moves, it seems they really want to become a fintech hub, but no one knows how long they can keep it up. Having a clear compliance path is too idealistic; in practice, there are still a bunch of pitfalls waiting. Is winning just because US users have a good experience? The key is whether transaction fees can really be cheaper. By the way, what kind of brand is 9Pay? I've never heard of it. Why should I trust it?

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NervousFingers

· 8h ago

Vietnam moves so quickly? It feels like Southeast Asia is overtaking on the bend, while the US is still dragging its feet. Are stablecoins really about to take off? 33 trillion... That's correct, but who dares to go all-in? Just scan the QR code to make cross-border payments—that's what the future looks like. A clear compliance pathway is truly a positive signal; otherwise, even the best tracks are pointless. This opportunity in Southeast Asia—if European and American projects react slowly, they'll really get crushed.

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