Axiym, a global cross-border payment platform based in Dubai, United Arab Emirates, has revealed that it processed over $132 million in cumulative volume on the Avalanche blockchain. The platform caters to money services businesses (MSBs) and offers blockchain-based infrastructure and stablecoin solutions for international transactions. MSBs, including money transmitters like Western Union, currency exchanges, and fintech firms, are increasingly adopting blockchain innovations. Axiym connects existing payment operations of MSBs to the Avalanche blockchain to automate and manage capital efficiently. The platform provides real-time credit and liquidity infrastructure to MSBs worldwide, enabling cross-border liquidity provisioning at lower costs compared to traditional payment systems. Axiym’s clients, primarily licensed payment companies in financial centers like the UAE, UK, and Singapore, often send funds to remittance hubs across Asia, Africa, and Latin America. The platform addresses issues in traditional cross-border payments such as delays, high costs, and regulatory fragmentation by embedding blockchain capabilities into existing operations. Blockchain-based stablecoins have emerged as a cost-effective tool for cross-border payments, with stablecoin remittances from Sub-Saharan Africa being 60% cheaper than traditional fiat rails. As reported by Cointelegraph, Ripple has partnered with Chipper Cash to facilitate African remittances, while Tether-backed Mansa recently raised $10 million to expand its stablecoin cross-border payment services. The growing demand for efficient cross-border payment solutions underscores the increasing importance of blockchain technology in the global financial landscape.