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Crypto Payment Protocol AEON Partners with Stellar to Boost Crypto Adoption in Southeast Asia
AEON, a leading crypto payments platform, has announced a strategic partnership with Stellar to enhance the adoption of cryptocurrency for payments across Southeast Asia. This collaboration introduces support for Stellar’s native token, XLM, and Stellar-based USDC, making them accepted payment options at retail stores throughout major cities in the region.
Expanding Payment Options with Stellar
The partnership will enable payments using XLM and Stellar-USDC through AEON Pay, a web3-powered mobile solution designed for real-world transactions. AEON Pay currently connects with over 10,000 brands and 20 million QR-enabled stores across Southeast Asia, making it a major player in the region’s crypto payment ecosystem.
“By integrating support for Stellar assets, AEON is empowering businesses and consumers with new payment options that are both efficient and inclusive,” the platform stated.
Beyond Southeast Asia, the collaboration aims to expand blockchain-based payment solutions across Africa and Latin America, according to AEON.
Why XLM and Stellar-USDC Are Key
The integration of XLM and Stellar-USDC highlights the growing role of cryptocurrencies and stablecoins in the payments industry. With increasing regulatory clarity, users are gravitating toward cross-border crypto solutions that offer instant transactions and minimal fees, avoiding the limitations of traditional banking systems.
Stellar’s blockchain is particularly well-suited for payment applications. It supports both microtransactions and high-volume transfers, making it an attractive option for individuals and financial institutions alike. AEON and Stellar view this partnership as a significant step forward in the evolution of web3 commerce.
AEON’s Broader Crypto Integration Efforts
This announcement follows AEON’s recent integration with The Open Network (TON). Through this initiative, AEON brought support for Toncoin (TON) and TON-based Tether (USDT) to millions of Telegram users, further expanding its reach in the crypto ecosystem.
Stellar’s Growing Industry Presence
Stellar has been steadily gaining traction in both decentralized finance (DeFi) and traditional finance (TradFi). The platform has formed key partnerships with major players such as Mastercard, Stripe, and Paxos:
- Mastercard: Stellar’s blockchain supports initiatives aimed at improving financial inclusion.
- Stripe: Enabled XLM payouts for merchants and creators.
- Paxos: Leveraged Stellar’s network to enhance access to its U.S. dollar-pegged stablecoin.
These collaborations underscore Stellar’s growing importance as a payment-optimized blockchain protocol.
The AEON-Stellar partnership marks another milestone in the adoption of blockchain technology for real-world commerce, offering efficient, inclusive, and scalable payment solutions for a global audience.
