On-ramping SMBs for stablecoin payments: KYC/KYB challenges

Been thinking a lot about the friction points for wider stablecoin adoption, particularly for small to medium-sized businesses looking to accept payments. The tech infrastructure for settlement is getting pretty robust, and the appeal of lower fees and faster settlement is clear. However, when we talk about onboarding these businesses, the KYC/KYB process seems like a significant bottleneck.

It's one thing for individual users, but for a business entity, especially one with multiple owners, varying legal structures, and potentially cross-border operations, the diligence required can be extensive. How are fintechs specializing in stablecoin payments currently navigating this? Are we seeing any innovative approaches to streamline business onboarding while still meeting AML/CFT obligations across different jurisdictions? It feels like a crucial area to de-risk if we want to see significant merchant adoption.