Maya Partners with Lydian for Stablecoin Merchant Payments
Maya is integrating stablecoin payments for Philippine merchants through a partnership with Lydian, a global infrastructure provider developed alongside Tether and Cantor Fitzgerald. The system eliminates volatility risk by converting payments to pesos on the same day.
Key Takeaway
Maya converts stablecoin payments to instant peso settlements, letting merchants tap crypto users without volatility risk.
Philippine merchants using Maya will soon accept digital asset payments through a new partnership with Lydian, a global infrastructure provider developed alongside Tether and Cantor Fitzgerald.
Customers pay with stablecoins using standard QR codes or digital payment links. Merchants receive same-day settlements in Philippine pesos, not cryptocurrency — eliminating volatility and custody risks entirely. Maya handles all regulatory compliance on the backend, including wallet screening, Travel Rule adherence, and Bangko Sentral ng Pilipinas reporting requirements.
Lydian CEO Carl Grimstad said the system promises faster processing, lower transaction costs, and reduced chargeback risks compared to traditional payment rails. Maya Group President Shailesh Baidwan highlighted that the collaboration provides a secure and regulatory-aligned framework to safely bring digital asset payments into mainstream commerce.
Maya secured its Virtual Asset Service Provider license from BSP in January 2022. The timing aligns with surging regional demand: stablecoin activity in Asia-Pacific has increased roughly 70% year-on-year, and nearly 15% of the Philippine population currently holds cryptocurrency, creating a ready customer base for merchants who adopt the payment option.
Maya operates 55,000 Maya Centers across the Philippines, providing existing infrastructure to roll out the stablecoin payment network to merchants nationwide.
🇵🇭 Filipino Impact
Filipino merchants can now accept stablecoin payments from the 15% of Filipinos who hold crypto, with immediate peso conversion removing price risk. Maya's 55,000 Centers provide physical infrastructure to support rollout across provinces. The BSP-compliant framework ensures wallet screening and Travel Rule adherence, addressing regulatory concerns that previously blocked mainstream crypto commerce adoption.
This article was written based on reporting from Fintechnews.
