Singapore – While local businesses expanding overseas face hurdles such as various market regulations, artificial intelligence and digital currencies can help ease the process.
It turns out that 85% of companies that voted are confident they will reach new market customers within next year, while 62% plan to employ steady coins to pay.
Stablecoins are a type of cryptocurrency in which values are placed on currency, commodities, or financial instruments to reduce price volatility. They are considered more stable exchange mediums for international trade than volatile tokens like Bitcoin.
However, about 25% of those surveyed said they were not familiar with stubcoins, with only 19% already using them.
Also, polls predict that 93% of respondents will already use or adopt Agent AI within the next 12 months, with around 50% expected to have at least 11% of sales coming from AI-driven channels by 2030.
A survey of 400 business owners and senior decision makers in Singapore was conducted by paying giant Stripe in July.
Stripe's managing director for Southeast Asia, India and China, Sarita Singh said that cross-border payments in Singapore had skyrocketed by more than 30% year-on-year in 2024.
“We hope that new technologies such as Stablecoins and AI will accelerate the growth of our companies,” she added.
Around 60% of companies here expect cross-border sales to grow over the next 12 months, but they face hurdles to expand into new markets.
Speaking at Stripe Tour 2025 on August 20, Ms Singh said Stablecoins provide speed and reach to stay competitive in the global economy.
She also pointed out that Singapore announced a regulatory framework for Stable Coin in 2023, which sparked similar moves from Hong Kong, South Korea and other economies.
Stripe announced new products and updates focusing on Stablecoins and AI at its annual event at Marina Bay Sands.
We provide financial services tools to businesses and have introduced over 50 upgrades to payments, revenues and embedded financial tools. It also processed Stablecoin payments from around 120 countries and recently announced its Stablecoin Financial accounts for customers in over 100 countries.
Stripe has previously introduced AI foundation models 2025 This allows you to detect complex payment patterns and signals that are previously out of reach.
This allowed businesses to increase their detection rate of attacks on large companies by 64%.
