Want to know the real-world application of zero-fee stablecoins like XPL in Southeast Asia? Taking Vietnam as an example, by early 2026, although large-scale transfer cases from major enterprises haven't been publicly seen yet, small-scale explorations are already underway.

Vietnamese developers are quite proactive. They have long been researching small payment tools and lightweight wallets based on XPL, and have almost completed the validation of compatibility with sub-second confirmation and zero-fee modes. However, most of these applications are still in testing or small-scale trial phases, and are a long way from enterprise-level deployment.

The trade side is a bit different—Vietnamese companies engaged in small to medium cross-border e-commerce, textiles, and electronic components, tired of high fees and slow processing times with international wire transfers, are indeed experimenting with USDT zero-fee transfers for high-frequency small orders. But honestly, this is more of an alternative solution and cannot replace mainstream channels yet.

The biggest bottlenecks are twofold: first, compliance risks—Vietnam’s crypto payment regulatory framework remains quite cautious; second, infrastructure—there are very limited compliant channels for connecting to VND, making it difficult for enterprises to conveniently exchange between XPL/USDT and VND. Plus, most companies lack deep understanding of technology and risk control, leading to generally conservative decision-making. Overall, it’s still in the testing phase, and widespread adoption is still early.