The Solana Foundation published an interview with Reap co-founder Daren Guo on why stablecoin adoption is advancing quickly across Asia. Reap began in Hong Kong as a corporate card and expense platform before expanding into cross-border payment infrastructure. Guo says the company's card products now move roughly $6 billion a year, while stablecoin treasury management shifted primarily to Solana in 2025.
Guo's core argument is that Asian financial infrastructure was already built around multiple currencies and international flows. Businesses and consumers regularly deal with foreign exchange, remittances and supplier payments across borders, so stablecoins can add faster settlement and programmability to an existing need rather than creating an entirely new behavior. The Solana article also points to developing stablecoin frameworks in Hong Kong and Singapore.
According to Reap data cited by Solana, business-to-business stablecoin flows grew from less than $100 million per month in early 2023 to more than $3 billion by 2025. Reap still operates across multiple chains and holds USDC and USDT on networks including Ethereum, Polygon and Tron, but Solana became its primary treasury rail as payment volumes scaled. The infrastructure choice is therefore presented as an operational payments decision.
Reap is therefore a useful case study in how stablecoin infrastructure can move from a product feature into the treasury layer of a payments company. Its reported volumes explain why predictable settlement and cross-border liquidity matter so much to the business, while the choice of Solana shows how one company evaluated those needs in practice. That experience is specific to Reap, but it helps make the broader stablecoin adoption story in Asia more concrete.