Stellar's RWA market cap exceeded $3 billion. This week's developer meeting features Gaian, a Southeast Asia payment infrastructure startup that uses USDC on Stellar to connect crypto wallets directly to local banking rails, enabling merchant payments and cross-border transfers that settle into real bank accounts. Gaian demonstrated their V2 API and self-serve onboarding dashboard.
Stellar's June 25 developer meeting featured Gaian, a Vietnam and Philippines-based payment infrastructure startup, alongside news that the network's real-world asset market cap exceeded $3 billion. Gaian presented their USDC-on-Stellar API, which connects crypto wallets like Freighter, Albedo, and Beans to local banking rails in Southeast Asia. Their system allows users to send stablecoin from crypto wallets directly into merchant bank accounts in local currencies, enabling on- and off-ramps, merchant payments, and cross-border transfers. During a live demo, Gaian showed their V2 API authentication flow using HMAC-SHA256 signatures, the order lifecycle for payments, and a new self-serve onboarding dashboard that developers can use without speaking to sales. Khan, SDF's Senior Developer Advocate, highlighted the practical significance: merchants see no blockchain, just receive the fiat. The meeting also mentioned ongoing AK Hackathon submissions on DoraHacks with four days to participate.
