Xflow announced a pilot allowing Indian businesses to accept USDC and USDT payments and convert them to INR compliantly.
The stablecoin transaction remains outside India, with only fiat entering via an AD Category I bank under full compliance documentation.
Xflow partnered with an overseas licensed player to off‑ramp stablecoins and bring funds into India through regulated fiat rails.
Co‑founder Anand Balaji said the solution prevents Indian exporters losing customers to stablecoin‑payment preferences.