Despite the cross border payment market crossing  $194 trillion in 2024 and expected to add another $126 T to reach $320 trillion in the next 6 years  as per JP Morgan’s Report, frontline financial institutions  are still using technology of the 60’s and 70’s for payments. 

As a result, to date, they have not been able to control unpredictability in payments , compliance duplicity, operational opaqueness  and  settlement delays. 

Fintech players see this as an opportunity and they are using the flexibility they get to innovate quickly  which this Visa Report justified since they have already captured 53% of the market share.

Now adding stablecoins in their operations has the potential to further amplify their already existential  dominance in the  cross border payment market. 

This blog will highlight how these Fintechs are intending to use stablecoins in this arrangement to make sure that they take this dominance to the next level; 

How Top Fintech Players Plan to Use Stablecoins In Cross Border Payments?

For fintech leaders, stablecoins for cross-border payments can be grouped into four useful templates.

• Consumer remittances and P2P transfers
• B2B supplier and merchant settlements

• Payroll, contractor, and gig-economy
• Corporate treasury and liquidity management 

Let’s look into them.

1.Stablecoins As An  Integration Layer For Compliance and Legacy System Integration/ Consumer Remittances

A research survey was conducted by EY, involving  80% of the corporations. Out of them,   52% and 45% who  participated said that  fast cross border transfers  and reduced payments costs  excite them the most to use stablecoins since it can provide them with a competitive edge over their peers.

But the toughest part is to natively introduce  it in their business because they face the following challenges; 

• Integrating   Stablecoins with Traditional ERP is Highly Complex: Corporates are widely using the ERP system, which means, to use stablecoins, they need to make their own arrangements to handle reconciliation. Which boils down to setting up a manual process for the same or building their own infrastructure to support the transition.
• That’s why from corporates to financial institutions, as per the 2025 EY Report, they have explicitly said that if something can be done in stablecoin integration which can let them  seamlessly migrate or integrate with their existing infrastructure using API/ or any other means,  they would be eager to adopt it. 
• Regulatory Ambiguity & Compliance: Regularity ambiguity and compliance hurdles are a few notable  challenges that  businesses are forced to go through  who are eager to use stablecoins. Why?  Because regulations are not uniform across regions, thereby, forcing businesses to respond to every jurisdictional requirement, which could be hard  considering the fact that for such enablement, they would have to create custom infrastructure from the ground up for the same. 

That’s why more than 3 out of 4 CFOs refrain from using stablecoins due to regulatory concerns as per 2026 Payments report. 

As a result, businesses are looking for ways through which they can bypass these challenges while making stablecoins native to operation. But that can only happen when they get a smooth integration option with the integration partner managing infrastructure and compliance, while the respective business just having to pay for the use of the infrastructure. 

Fintechs are slowly emerging as a panacea  to help fulfill this demand. For example, Stripe, which is already a prominent payment platform, has provided infrastructure rails  as an integration layer through which businesses can natively introduce  stablecoins in their operations in cross border payments  and they do not have to create  an infrastructure for the same. 

Stripe is providing an integrated infrastructure layer known as bridge through which stablecoins could be used for payments and settlements.

So far, Felix, and Shopify  have used this benefit of Stripe to use stablecoins in cross border payments.  Stripe facilitates the operations in the following manner using the bridge layer; 

How the business works with blockchain?

A remittance provider can use a stablecoin rail in five steps.

• The sender pays in fiat through card, ACH, bank transfer, or wallet balance.
• The provider performs KYC, sanctions checks, fraud checks, and quote locking.
• The provider converts fiat to a stablecoin through an issuer, exchange, treasury desk, or infrastructure partner.
• Stablecoins move on-chain to a payout partner, treasury wallet, or recipient wallet.
• The final mile happens through local bank deposit, cash payout, mobile wallet payout, or direct stablecoin delivery.

Is any other company / service provider doing the same?

1. PayPal and Xoom

PayPal added PYUSD as a funding option for U.S. Xoom users. Users can fund eligible cross-border transfers by converting PYUSD to USD, and PayPal said Xoom recipients could receive funds in local currency in about 160 countries with no Xoom transaction fee for eligible transfers.

2. Felix and Circle

Félix uses USDC as an alternative to SWIFT for U.S. to Mexico and Latin America remittances. Circle’s case study says Félix uses Circle Mint, Stellar, and Bitso to convert USDC into Mexican pesos, enabling near-instant payout and reducing the need to prefund large peso balances.

2. Stablecoins for Settlements in  B2B Supplier & Merchant Payments 

B2B appears to be the largest real payment category for stablecoins today.

B2B stablecoin payments move money between businesses, merchants, platforms, acquirers, payout networks, and suppliers. The stablecoin can be visible to the receiver, or it can operate as a settlement rail while the business still sees fiat balances.

CoinDesk’s North America stablecoin landscape report says B2B payments accounted for 62.9 percent of total stablecoin payment activity at the end of 2025. 

Juniper Research projects cross-border B2B stablecoin transaction value to grow from 13.4 billion dollars in 2026 to 5 trillion dollars by 2035.

How the business works with blockchain?

A B2B stablecoin settlement flow usually works like this.

• A buyer, platform, or payment company initiates a supplier or merchant payout.
• The payment orchestration layer checks invoice data, beneficiary data, risk rules, and corridor rules.
• Fiat is converted into a stablecoin, or an existing stablecoin balance is used.
• The stablecoin is transferred to a merchant acquirer, supplier wallet, payout partner, or settlement account.
• The receiver either holds stablecoin, converts to local currency, or receives fiat through an off-ramp.
• ERP, accounting, and compliance systems receive a transaction ID, timestamps, wallet data, and settlement status.

Despite banks’ massive control over the  B2B payment markets for suppliers and merchants, a whopping 77% of the B2B suppliers and 49% of merchants have shown interest to abstract away and  use faster rails for settlement, if available,  to overcome the following  challenges; 

• Float Time Delay: Float time delay is the inability to access the funds because the ACH/Wire transfers cannot be completed on holidays and weekends. As a result, financial impact is massive with an average firm/business losing $39,406 because of late payments. 

• Interchange fees: Merchants have to incur very high interchange fees revolving around 1.5–3.5% per transaction. Which can be grossly offsetting for businesses working  with thin profit margins. 

• Operational inefficiency: Operational inefficiency is a major burden on businesses because their financial teams  have to match different invoices with the funds that have been credited to them. Which results in a significant loss of working hours and inflates the operational expenses. 

So, sablecoins are gradually emerging as noble solutions. For example, have a look at how stablecoins perform in comparison to other payment rails that B2B suppliers and merchants are using at the moment. 

That’s why Fintechs are closely working with  stablecoins because   regulatory clarity is maturing  in the US and Europe and this is the opportunity that Fintechs don’t want to miss. Why? Because at the moment, the US and EU account for  43% of global GDP and 30% of global cross-border trade, a fintech innovation enabling B2B supplier & merchant payments could instantly open the door of opportunities. 

Let’s take the example of BVNK. They are a prominent name innovating to provide an edge to B2B suppliers & merchants through the introduction of stablecoins as a Fintech  for undertaking faster payment processing at a fraction of the cost. 

They have rolled out the following features:  

(i) Enhanced fiat payment traceability with tracking references 

(ii) Recurring wallet transaction reports 

(iii) Treasury Rules Engine 

(iv) Rewards: Earn passive income on idle funds 

(v) Clear verification failure reasons for individual onboarding, which B2B suppliers are merchants can harness. 

And when B2B and merchant use  BVNK platform, their settlement experience transforms as shown in the image below because of the use of stablecoins; 

Due to their instant settlements in fiat/stable advantage that merchants and B2B suppliers are getting,  the BVNK platform has processed  $30B in annualized stablecoin payment volume spread across 2.8 million transactions so far.

Are there any other players using stablecoins for settlements? 

1. Visa and BVNK

BVNK announced that it is powering stablecoin services inside Visa Direct, which is Visa’s 1.7 trillion dollar money movement network. 

The integration supports stablecoin funding for fiat payouts and stablecoin wallet payouts. BVNK contributes stablecoin infrastructure, compliance tooling, and settlement capability, while Visa provides the global money movement network.

2. Visa, Worldpay, and Nuvei

Visa expanded stablecoin settlement with Circle’s USDC, added pilots with Worldpay and Nuvei, and used Solana and Ethereum for settlement between partners. 

Visa had already moved millions of USDC between partners to settle fiat-denominated payments authorized over VisaNet.

3. Stablecoins For Automation and Compliance Management in  Payroll and Gig Economy 

Payrolls are not broken; rather, they are stuck with the technology meant for the 80’s & 90’s while operating in the age where settlements are required to be instantaneous and automated. That’s why many business organizations are facing imminent risks like; 

• Operational Inefficiencies: Since the business has to manage multiple bank accounts, they have to additionally hire employees for processing these transactions, which can put pressure on their cost of operation. 

• Compliance and Penalty Costs: With business enterprises having to operate in different jurisdictions with  different  rules and regulations, it  becomes harder to instantly settle payments despite the payments reaching the respective correspondent bank. As a result, despite the  fault of their own, more than   53% of the businesses are forced to pay penalties for failing to meet the compliance requirements. 

• Inflation Burden: Gig workers/ freelancers who are working in emerging economies like Nigeria have to face major hurdles when they are getting remitted for their services. For example, as per the Nigeria Tax Act (NTA) 2025, the gig workers are forced to report their earnings in native currencies like Naira, exposing them to the risk of inflation. That’s why the majority of freelancers/ gig workers  are looking forward to alternatives to help them protect from this vulnerability.  Which means, businesses are increasingly pressurized to either transform or look out for  smart ways to resolve this problem,

Stablecoins are playing a major role in solving these problems by integrating natively with the payroll processing systems to answer compliance challenges, manage inflation by allowing users to hold their earnings in stablecoins in their wallets and even allow businesses to skip the hassles of managing multiple bank accounts by streamlining payments in stablecoins. 

So far, Rise has been the most prominent and successful name to mention because they have allowed payment processing in stablecoins from day one. They are supporting payments in USDC and USDT across Arbitrum, Ethereum, Polygon, Optimism, and Avalanche. Stablecoin payouts typically settle in 15–90 seconds. 

With Rise, the Employers can deposit the payrolls in one chain and the contractors have the discretion to withdraw it from the same or any other chain in their preferred mode from crypto assets to even fiat money. 

In 2026, Rise hit $1 B in payroll processing with the platform processing payroll in the following manner; 

Are there any other players using stablecoins for Payroll settlements? 

Alongside Rise, Request Finance, Niural/EMMA and Khazna are also other key players with Khazna specially designed to meet the needs of gig workers in emerging economies. While Request Finance handled normal payrolls with the track record of touching $1 M in 2026. 

4. Corporate Treasury & Liquidity Management

As per JP Morgan’s report, corporates are moving across $23.5 trillion in value using traditional means like ACH  and incurring $120 billion in fees. But despite paying such a huge fees, they face considerable challenge in managing their treasury and ensuring optimum liquidity because of the following issues with traditional payment rails; 

1. Fragmented Cash Management: Since corporations have to keep cash  dispersed across multiple bank accounts spread across jurisdiction, it is very hard to bridge communication with all such accounts due to correspondent banking networks  and inability to establish quick communication to initiate payment and transfers for goods and services or payrolls. 

2. Trapped liquidity: The corporates are forced to hold cash in non productive accounts just to meet operational efficiencies in different regional operations. Which results in trapping a lot of liquidity which they could have used for taking productive business decisions and expanding operations. 

3. High Transaction Cost: They have to further incur high transaction cost as well because for keeping cash in different banks located in different locations, they have to incur the expense of the compliance like KYC and AML imposed  on them. 

However, this can change upon the availability of fast mover money rails that can instantly help corporates and businesses manage their liquidity  and treasury in real time without having to wait for days for settlements. 

stablecoins are perfectly aligned because they use blockchain ledgers  which enable corporations to instantly manage liquidity while remaining compliant in the process. But the problem with corporates handling stablecoins is the heavy lifting that they have to do to set-up the infrastructure to enjoy faster settlements and quick money movement. 

That said, Fintechs are trying to fill up that void where corporations can quickly get all the benefits of faster settlements and better ways to manage investments without having to set-up an infrastructure for the same. 

And in this orchestration, Circle has launched the Circle Payments Network (CPN), which is a stablecoin settlement solution allowing businesses to handle their treasury and liquidity without the burden of managing the compliance. 

With this, not only corporations are able to get faster payment rails for undertaking cross border payments but also other trade-offs like Yield-Bearing Liquidity for treasuries. Which means, now corporations can keep their liquidity in high yield bearing accounts and instantly settle payments for business supplies or other activities using Circle as a payment layer in the following way; 

So far the Circle Payment Network has reached $3.4 billion annualized transaction volume and is expected to reach $5.7 billion by Q1 2026.  New corridors are also opening up  in Brazil, Nigeria, China, Colombia, Hong Kong, Mexico, India, the Philippines, Singapore, and the EEA with 100+ participating companies spread across multiple sectors using Circle’s CPN Network for corporate treasury and liquidity management. 

Are there any other players using stablecoins for Corporate Treasury & Liquidity Management?

Anchorage Digital,  and Coinshift are other few names who are also innovating in the treasury and liquidity management space with stablecoins alongside Circle. Though they haven’t achieved such high trade volume, they are making sizable contributions nonetheless as Fintech players using stablecoins. 

Since we know that stablecoins have moved from experimentation to real payment infrastructure, a bigger question emerges now,  who actually controls the cross-border payment stack in this new model if you wish to explore this?

The Emerging Stablecoin Payment Stack: Who Controls the Rails and Captures Value?

1. Issuance Layer (Money Creation)

• Controlled by players like Circle (USDC), Tether (USDT)
• Providing:
  • Liquidity
  • Trust
  • Regulatory alignment

With time, this layer is becoming the equivalent of central banks in digital dollars. 

2. Infrastructure & Orchestration Layer

• Stripe (Bridge), BVNK, Circle CPN, Zero Hash
• Providing:
  • Wallets
  • Compliance
  • On/off ramps
• This is where maximum developer and enterprise adoption is happening

Thereby making it  the  “AWS of payments” for decentralized operations. 

3. Application Layer (Fintechs & Platforms)

• Shopify, Rise, fintech apps, payroll platforms
• Providing:
  • User experience
  • Distribution
  • Customer relationships

This  layer is ending up as the front line face of Fintech innovation

4. Settlement Layer (Blockchains)

• Ethereum, Polygon, Arbitrum, Stellar
• Providing:
  • Finality
  • Speed
  • Cost efficiency

Emerging as a commoditized layer to build Fintech solutions with stablecoins, value shifts upwards with time. 

So, how would you like to progress, in case, if you are not aware, let a technology partner  help you and that’s where Zeeve leaves no stones unturned. 

Build Your Fintech Solutions using Stablecoins with Zeeve For Cross Border Payments

With a SOC2 and ISO-aligned operating posture, Zeeve is well positioned to help bring enterprise rigor to Web3 infrastructure. With expertise across multi-stack:  public, private, hybrid, and ZK-enabled systems, we can help you build your Fintech  product  using stablecoins to revolutionize the  B2B supplier, payment, merchant, payroll, cash management or any other segment that you wish to disrupt. 

With Zeeve’s Privacy Layer, we also ensure that while undertaking product innovation, you do not have to compromise with compliance and regulations and fail later. So, if you have an idea in mind where you want to integrate stablecoins for resolving industry problems , we are here to help 

Zeeve has already powered 20+ production chains processing 2B+ transactions monthly, and we have the capability to generate the same results for  you too! Schedule a call today if you are looking for a reliable technology partner that can help you innovate while staying compliant!