Stablecoin Standard Appoints Raj Parekh as Head of Payments Committee, Accelerating Adoption of Stablecoin Payments
LONDON – May 27, 2025 – Stablecoin Standard (“SCS”), the global industry body for stablecoin issuers, is pleased to announce the appointment of Raj Parekh as Head of the Payments Committee. Parekh’s appointment marks a significant step in SCS’s mission to drive innovation and establish robust, cross-industry infrastructure for institutional and enterprise adoption of stablecoin payments.
Raj Parekh brings a distinguished track record in digital payments, crypto innovation, and financial technology. As a founding member of Visa’s crypto team, he led the successful launch of stablecoin settlement where Visa’s issuing and acquiring bank can settle directly in USDC, pioneering initiatives that have shaped the evolution of stablecoins in mainstream finance. Most recently, Parekh co-founded Portal, an enterprise-ready stablecoin developer platform that empowers developers and businesses to build and deploy comprehensive stablecoin based products solutions with confidence. His expertise spans product development, AI, security, payments, and fintech, making him uniquely positioned to advance stablecoin infrastructure and foster institutional trust.
“I’m honoured to join Stablecoin Standard at such a pivotal moment for the industry,” said Raj Parekh, Head of the Payments Committee. “By working collaboratively with leading companies and stakeholders, the Payments Committee will establish a clear framework for end-to-end stablecoin payment and issuance infrastructure. Our goal is to set new standards that enable secure, seamless, and scalable digital payments for enterprises and consumers worldwide.”
In his new role, Parekh will launch and chair the Payments Committee, leading a dedicated working group to deliver a stablecoin payments proof of concept by the end of 2025. He will also drive payments-focused hackathons, cultivate strategic partnerships with key industry stakeholders, and serve as SCS’s representative at major U.S. industry events. Through these initiatives, Parekh will play a pivotal role in shaping the future of stablecoin payment standards and expanding SCS’s impact across the global financial ecosystem.
Christian Walker, Co-Founder and Chairman of Stablecoin Standard, commented: “We are delighted to welcome Raj to the team. His visionary leadership and proven expertise in digital payments will be instrumental as we accelerate the development of real-world stablecoin payment solutions. Raj’s appointment underscores our commitment to building trusted, enterprise-grade infrastructure for the global digital economy.”
Parekh will formally introduce the Payments Committee and outline its roadmap at Stablecoin Standard’s networking event on Wednesday, May 28, in New York City, where he and Christian Walker will share further details on the Committee’s objectives and SCS’s priorities for the remainder of 2025.
Those interested in learning more about joining Stablecoin Standard as a member can contact: hello@stablecoinstandard.com
About Stablecoin Standard
Stablecoin Standard (SCS) is the industry body focused on setting operational, transparency, and product related standards for stablecoins. The SCS plans to achieve industry wide standards by sharing international best practices, business development use cases, forming industry led working groups defining what a high-quality liquid stablecoin should look like, and engaging with policymakers domestically & internationally. The SCS ecosystem consists of more than 35 advisory board members, industry partners and issuers that offer digital currencies in global jurisdictions such as the US, EU, Singapore, Australia, and Turkey - among others.
