Bitso Business Expands Stablecoin Settlement Volumes
Key Summary
Bitso Business reached an annualized stablecoin payment volume above $150B, supported by rapid institutional adoption across Latin American corporate accounts, according to company disclosures released in November.
Key Bullets
- Bitso Business reported annualized payment flows surpassing $150B, marking an 83% increase from the previous year according to company data.
- Over 2,000 institutional clients currently utilize the digital asset infrastructure to clear cross-border transactions across Latin American markets.
- BitPay integrated MoonPay technology to enable direct digital asset purchases across iOS and Android applications in over 100 countries.
- Thirty-seven European commercial banks prepared for a regional euro-denominated stablecoin network under strict regulatory oversight guidelines.
Bitso Reports Record Payment Volume
Bitso Business disclosed Monday that payment flows passing through its platform reached an annualized rate above $150B, representing an 83% gain from $82B a year earlier. According to the company announcement released November 4, over 2,000 institutional clients now clear cross-border transactions using the digital asset infrastructure.
The figure translates to more than $410M in daily transaction throughput across participating corporate accounts. The reported metric reflects annualized estimates rather than verified net revenue or audited assets under custody, while volume tallies gross funds moving through the system rather than fee revenue earned directly by the corporate entity.
Cross-Border Settlement Mechanics And Demand
Traditional cross-border transfers require businesses to navigate fragmented banking hours, legacy intermediaries, and foreign exchange cutoffs. Stablecoin liquidity operates as a 24-hour settlement layer connecting institutional accounts across different jurisdictions without relying on traditional correspondent banking networks.
Latin American remittance flows, neobank settlements, and business-to-business commerce generate consistent demand for rapid currency conversion. Bitso serves remittance providers and digital commerce platforms throughout the region, where volume growth stems from expanded client onboarding and frequent capital recycling rather than speculative token trading.
Expanding this infrastructure, BitPay integrated checkout technology provided by MoonPay to enable instant digital asset purchases through Apple Pay, Google Pay, credit cards, and SEPA rails across more than 100 countries. Stephen Pair, chief executive officer at BitPay, confirmed the deployment targets persistent onboarding friction within the retail digital asset sector.
Custody Infrastructure And Bank Adoption
Thirty-seven European commercial banks advanced operational preparations for a regional euro-denominated stablecoin network under strict regulatory guidelines established by the European Union. Institutional custody demand climbed sharply as corporate compliance departments mandate segregated key management for digital asset reserves.
Simultaneously, Ripple USD captured a $56M weekly volume lead over competing synthetic stablecoins across decentralized exchanges according to telemetry published by the RWA Foundation. New York banking supervisors govern the issuance of the token with full U.S. Treasury backing, while major trading venues integrate direct conversion pairs across multiple networks.
Impact score:3 out of 5 | Narrative Tracker:Stablecoin Infrastructure & Payments
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