Stablecoins could finally bring cross-border payments into the digital age, argues XTransfer CEO Bill Deng

Bill Deng, CEO of China-based fintech platform XTransfer, thinks stablecoins can help finally digitize business-to-business transactions, often still stuck in a world of PDFs and emails. 

Much of cross-border trade now operates around the clock. Ports, airports, and fulfillment centers work at all hours of the day.

But “when it comes to money, there’s no 24/7 infrastructure,” Deng complained during an interview with Fortune on the sidelines of the Forum Ekonomi Malaysia in Kuala Lumpur in early February.