The Future of Banking Is On-Chain: 3 Key Insights from Our CEO on “Thinking Crypto”

We recently had the pleasure of seeing our CEO, Kevin Lehtiniitty, speak with Tony Edward on the popular “Thinking Crypto” podcast. The conversation covered everything from the evolution of Bitcoin to the regulatory environment for stablecoins, to how our global payments network at Borderless.xyz is reshaping the future of finance. Below, we’ve highlighted three key points Kevin made during the interview—and why they’re so important for anyone interested in the next era of digital banking and payments.

Watch the full episode below:

1. “The Future of Banking Is On-Chain”

What Kevin Said
Kevin began by stating what we at Borderless.xyz believe wholeheartedly: “The future of banking is on-chain.” In other words, as blockchain infrastructure matures and regulatory clarity grows, an increasing share of banking services—from payments to lending—will migrate onto blockchains.

Why It Matters

• Instant Settlement & Lower Costs: On-chain systems can transfer value in real-time, around the clock, without the high fees and inefficiencies of traditional banking rails like SWIFT.

• Global Reach: Once money is tokenized, it can be sent across borders as easily as sending an email, unlocking massive opportunities for businesses in emerging markets.

• Interoperability with Existing Institutions: While many retail users might adopt non-custodial wallets (like MetaMask), Kevin predicts that established financial institutions—from neobanks to household names like J.P. Morgan—will also offer on-chain banking services. The question is not whether it will happen, but how quickly banks and fintechs will integrate.

2. “Stablecoins Are the Key—But Must Be Fully Backed”

What Kevin Said
Having helped launch one of the first fully collateralized stablecoins, Kevin knows the space in-depth. He distinguished between fully reserved, fiat-backed stablecoins (e.g. USDC, Tether, PayPal USD) and so-called “algorithmic” stablecoins—which, in his view, “carry the risks of whatever financial instrument underpins them.” For widespread adoption, stablecoins must be transparent, audited, and backed 1:1 by real-world currency or highly liquid assets.

Why It Matters

• Trust & Transparency: Properly backed stablecoins provide instant settlement speed without volatility. This is especially attractive to businesses that need predictability in their treasury.

• Regulatory Compliance: As stablecoin legislation matures in the U.S., EU, and beyond, fully collateralized stablecoins are well-positioned to meet compliance standards and build consumer confidence.

• Real-World Use Cases: From cross-border payroll to remittances, stablecoins are already a simpler, faster alternative to wire transfers and money transmitters. The more stable and regulated these coins become, the faster the mainstream adoption.

3. “A Global Network Is Essential for Real Adoption”

What Kevin Said
Borderless.xyz is designed as a network—not an aggregator—to bridge local fiat currencies with stablecoins across multiple blockchains. Kevin stressed that “any stablecoin, on any chain, in any country” should be convertible into local fiat rails. This approach solves the fragmentation problem (different currencies, different blockchains, different regulations) that has long slowed down global payments.

Why It Matters

• Universal Coverage: We already connect more than 50 countries and 23 currencies, but the vision is to do much more. By linking local, licensed financial institutions in diverse markets, we’re creating an interoperable layer that benefits everyone.

• Deeper Liquidity & Better Pricing: With more regional partners on our network, each transaction can tap multiple sources of liquidity. This pushes FX and payment costs down for businesses and end consumers.

• Resilience & Redundancy: Relying on one partner or protocol is risky. Having multiple participants in each region keeps the network robust—even if one node faces technical or regulatory hurdles.

What’s Next?

At Borderless.xyz, we’re continuing to expand both the breadth of our global coverage and the depth of our liquidity. We’re bringing new institutions onto the network, ensuring that more stablecoins can be seamlessly converted in and out of local currencies. With clearer regulatory signals worldwide and the booming interest in on-chain finance, we’re excited about the road ahead.

Interested in learning how Borderless.xyz can power your stablecoin strategy?

• Visit our website to learn more about our global stablecoin payments network.

• Contact us for a demo or partnership inquiry.

Final Thoughts
Kevin’s conversation with Tony Edward underscored the momentum behind stablecoins and on-chain banking. Fully-backed stablecoins offer the speed and transparency necessary for real-world adoption, and a truly global network is critical if businesses everywhere are to benefit. At Borderless.xyz, we’re honored to be at the forefront of building that foundational layer—facilitating seamless, round-the-clock digital money movement across borders.

The future of finance is evolving at lightning speed, and we believe the winners will be those who embrace the power of blockchain-based solutions today. After all, as Kevin said, “The future of banking is on-chain—and we’re here to make it happen.”