Xflow announced a pilot allowing Indian businesses to accept USDC and USDT and convert them to INR via compliant off‑ramp.
The solution keeps stablecoins outside India, using an AD Category I bank and overseas licensed partner for fiat settlement.
Xflow’s co‑founders Anand Balaji and Ashwin Bhatnagar highlighted that the offering prevents loss of customers for MSMEs, SaaS firms and exporters.
Investors Lightspeed, General Catalyst and Stripe back Xflow, which plans to roll the pilot out to all stable‑native platforms.