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Moving money between China and India has long been one of fintech’s most stubborn headaches. Regulatory complexity, slow settlement times, and opaque fee structures make these corridors expensive and frustrating for businesses on both ends.
Credible Finance and OwlTing Group (NASDAQ: OWLS) are betting that stablecoin infrastructure can change that. The two companies announced a partnership on June 15 that integrates Credible’s payment orchestration platform with OwlPay Harbor, OwlTing’s stablecoin-powered settlement layer built specifically for cross-border transactions.
What the partnership actually does
The core of the deal is straightforward: Credible Finance will use OwlPay Harbor to facilitate regulated payouts into China. That’s the immediate, already-in-motion piece. The India side is more exploratory, with both companies working toward near real-time payment capabilities into the country using Credible’s existing infrastructure.
Instead of routing payments through traditional banking rails, these companies are using stablecoins, specifically USDC and USDT, as the settlement layer. The stablecoins act as a bridge currency, converting on one end and settling in local fiat on the other.
Credible Finance, a US-based payment orchestration platform established in 2023, currently operates across more than 40 markets. The company focuses on stablecoin liquidity to enable faster payouts.
OwlTing, a Taiwanese fintech company that trades on NASDAQ as OBOOK Holdings Inc., holds licenses for operations in 42 US states along with VASP and other regulatory approvals that allow it to manage compliant fiat-to-stablecoin flows.
The partnership is currently in its active onboarding phase, meaning the China payout corridor is being built out in real time.
OwlPay Harbor’s growth trajectory
OwlPay Harbor now serves over 50 enterprise clients, representing a 40% recent growth in its client base. Transaction volumes are reportedly doubling on a monthly basis.
Why stablecoins are winning the cross-border payments argument
Traditional cross-border payment systems involve correspondent banking chains where each intermediary takes a cut and adds latency. A payment from a US company to a Chinese supplier might touch three or four banks before arriving, each adding fees and delays. The process can take anywhere from two to five business days.
Stablecoin rails compress that into something approaching real time. The sender converts fiat to stablecoins, the stablecoins move across the blockchain in minutes, and the recipient converts back to local currency on the other end. Being licensed in 42 US states and holding VASP credentials gives OwlTing a compliance foundation that newer, unlicensed competitors can’t easily replicate.
What this means for investors
For OwlTing shareholders, the partnership adds Credible Finance’s 40-plus market footprint to a platform that’s already doubling transaction volumes monthly. The company’s NASDAQ listing also provides a level of transparency and accountability that private stablecoin infrastructure players don’t offer.
The risk factors are worth noting. Regulatory shifts in either China or India could disrupt the corridor. China’s stance on crypto-adjacent financial products has historically been unpredictable, and India’s regulatory framework for digital assets continues to evolve.
What investors should watch: onboarding velocity for the China corridor over the next quarter, any regulatory developments in India that could either accelerate or complicate the planned expansion, and whether OwlPay Harbor’s transaction volume growth rate holds as the base gets larger.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
English (US) ·