alex sookikian

Making money move with stablecoins @ConduitPay; ex-Visa Crypto & Fintech, UCLA Bruin

[alex sookikian @alexsook]

@cuysheffield The ol’ Visa crypto card list. What a throwback @cuysheffield. Still dominating

[Artemis @artemis]

INTRODUCING: Part 2 of our Stablecoin Payments Report!

Co-written with @CastleIslandVC and @dragonfly_xyz, with data now through August 2025.

Stablecoin payments hit $10.2B monthly, up 70% since February and 137% since Aug '24, now at a $122B annual rate.

Here’s how the market evolved in just 6 months 🧵

[alex sookikian @alexsook]

@artemis @CastleIslandVC @dragonfly_xyz Excellent report!!

[alex sookikian @alexsook]

The first real jump the stablecoin has had in transaction volume in its entire lifecycle (since launching September 2023). Excited to see where this growth is coming from… any ideas..? @wex @nlevine19 @ethanyish

[alex sookikian @alexsook]

Stablecoin trx volume continues to jump to insane levels. September closed out the first month with over $1T adjusted transaction value* according to Visa’s analytics dashboard by @AlliumLabs.

One key insight to watch: PYUSD trxs leapt from $1.63B in Aug to $4.36B in Sep

[alex sookikian @alexsook]

@HadickM I think when incentives in the form of rewards / discounts are passed to consumers for using stablecoins for purchases we’re going to 🚀

[alex sookikian @alexsook]

2) Merchants can accept USD via traditional cards and convert it immediately to USDC

My prediction: merchants will drive growth and then provide rewards / incentives to consumers to use stablecoins for purchases at a discounted rate.

WDYT

[alex sookikian @alexsook]

Stablecoins in payments use cases are a popular topic these days in the US. Domestically though, I’m curious to see how they actually get adopted in payments and beyond. Here’s a simple consumer and merchant view:

[alex sookikian @alexsook]

1) Consumers can use stablecoins to make payments directly to merchants and the merchant can accept it and convert it immediately to USD into their accounts (alternatively can use cards like Rain’s to make this happen)

[alex sookikian @alexsook]

@rparekh So much that can be learnt from those early days of American Express and the building out of Visa’s network from BankAmericard

[Conduit @ConduitPay]

Stablecoins are just getting started—yet they’re already reshaping how money moves across borders.

In @FXCintelligence latest industry primer, our CEO and founder @kirill_gertman shares his perspective on where this technology is headed, what’s working today, and what still needs to be built.

Read the full report here https://t.co/odQ8Q8KTed

[Conduit @ConduitPay]

We marked the start of our partnership with Braza with a private dinner in São Paulo last week — joined by key players shaping Brazil’s financial and tech landscape.

Our COO André Massê and @BrazaBank CEO Marcelo Sacomori opened the night discussing how stablecoin-powered FX is already changing cross-border payments.

Thanks to everyone who came!

[alex sookikian @alexsook]

This! So true @sytaylor. I’ve had discussions with many accounts payable companies who are still stuck in the prefunding flow and this is a tough engrained flow for them to break. @ConduitPay supports these xborder flows today without requiring prefunding

[Simon Taylor @sytaylor]

When payments people tell you we have 'instant' cross-border, they're lying.

What we have: $25M pre-funded in foreign banks so transfers LOOK instant.

Stablecoins will eliminate pre-funding entirely.

Here's the phase transition most are missing 🧵

[Conduit @ConduitPay]

We’re proud to announce our partnership with @BrazaBank, the largest foreign exchange bank in Brazil and now Conduit’s biggest client in the country.

Through this collaboration, Conduit will power real-time FX swaps between Brazilian reais and U.S. dollars or euros using stablecoins—reducing settlement times from multiple days to just minutes.

This partnership reinforces Conduit’s mission to build the most seamless and scalable cross-border payments network in the world, bridging stablecoin rails with traditional finance to serve the next generation of global businesses.

Read the full announcement https://t.co/tAJWoL3f7D

[alex sookikian @alexsook]

We’re at an extremely exciting growth point for stablecoin use cases in global payments and this announcement comes at a perfect time headed to @thestablecon to talk all about the various use cases! Excited to keep the momentum moving!

https://t.co/Ne7Ga3vgw6

[Conduit @ConduitPay]

Heading to @thestablecon this week?

Join us this Thursday for the official Stablecon Happy Hour in NYC — sponsored by Conduit, @aiprise, @airtminc, @aveniaio, @withcaliza, @ConfirmoPay and @utila_io

Spaces are limited, so don’t wait.

RSVP here https://t.co/She9na3aPP

[Conduit @ConduitPay]

Conduit is heading to New York for @thestablecon 2025 🇺🇸

@alexsook, will be on the ground next week for the conference — and at the official Happy Hour, sponsored by Conduit and other industry leaders.

Exploring how stablecoins are reshaping cross-border payments? Let’s connect.

#Stablecon2025

[Conduit @ConduitPay]

Stablecoins are solving real problems in cross-border payments — from speed and cost to transparency and access.

Being part of @circle's CPN allows us to keep expanding stablecoin-powered infrastructure across emerging markets, where the need is real and the adoption is happening.

[Conduit @ConduitPay]

Great to be working with @arf_one and @FireblocksHQ — powering what’s next in cross-border treasury.

[Conduit @ConduitPay]

We’re excited to be sponsoring the @thestablecon Official Happy Hour on May 29.

Join us for conversations, drinks, and a great evening with others in the stablecoin space.

Spots are limited, so make sure to save yours 👉 https://t.co/She9na3aPP