Updates
Kevin Lehtiniitty on NBC News: Stablecoins Play Critical Role in Global Funds Repatriation
May 8, 2025
As Senate Democrats move to block the GENIUS Act—legislation aimed at establishing federal standards for stablecoin issuance—industry leaders continue to emphasize the real-world utility of these digital assets. In a feature by NBC News, Kevin Lehtiniitty, founder of Borderless.xyz, explained how stablecoins already play a critical role in international financial operations.
“A lot of [companies] do global card processing and use different payment service providers,” Lehtiniitty told NBC News. “They use stablecoins to repatriate those funds back to [the] U.S.”
His remarks come amid a renewed political debate over the regulation of privately issued digital dollars. The GENIUS Act and its House counterpart aim to bring clarity to how stablecoins are backed, redeemed, and safeguarded—elements that Lehtiniitty and other industry voices argue are essential to both innovation and financial integrity.
Despite bipartisan interest, pushback from Democratic lawmakers and regulators like SEC Commissioner Caroline Crenshaw reflects continued skepticism around the risk profile of stablecoins. Crenshaw criticized the Trump-aligned SEC’s recent position on stablecoins as downplaying systemic risks, stating that many remain unregulated, opaque, and uninsured.
Lehtiniitty’s comments illustrate how stablecoins are already embedded in institutional payment rails, even as policy frameworks continue to lag. At Borderless.xyz, the focus remains on building secure, compliant infrastructure that bridges fiat and stablecoin liquidity across jurisdictions.
For the full article, visit NBC News.
