USDC Payroll Goes Mainstream: Paystand Acquires Bitwage
Paystand, a B2B funds platform processing $20 billion yearly, has acquired Bitwage, a crypto payroll service that has dealt with over $400 million in digital wages throughout 200 nations since 2014.
The acquisition integrates USDC and USDT salary payment capabilities into enterprise workflows, as 2025 stablecoin switch quantity reached $9 trillion—almost half of Visa’s annual throughput.
Crypto Payroll Infrastructure Integration
Bitwage’s infrastructure serves 90,000+ staff and freelancers by changing fiat salaries into stablecoins through the Circle and Tether platforms. Paystand’s present consumer base of 1,000 enterprises—spanning manufacturing, expertise, and logistics—will acquire entry to this functionality. The mixed platform eliminates ACH processing delays, weekend cutoffs, and cross-border international alternate charges related to conventional payroll methods.
The platform makes use of blockchain-agnostic infrastructure. While Bitwage has traditionally supported Bitcoin and Ethereum, the merged entity will prioritize layer-2 options and Solana for sooner settlement. Companies can provoke payroll transactions exterior conventional banking hours, with staff receiving USDC for conversion to native forex through exchanges or digital banking providers. Bitwage reviews no safety incidents throughout its 11-year working historical past.
Stablecoin Market Growth and Regulatory Environment
Chainalysis knowledge exhibits stablecoin transfers grew 87% year-over-year to $9 trillion in 2025, with USDC clearing $2.3 trillion in Q3. EY’s CFO survey signifies that 87% view stablecoins as offering a aggressive benefit, up from 61% in 2024. BlackRock’s BUIDL fund and Mastercard’s USDC settlement packages have launched on-chain greenback transactions to institutional operations.
The acquisition happens amid regulatory developments within the United States. The Trump administration has expressed assist for cryptocurrency initiatives, whereas the SEC has offered steerage on stablecoin custody necessities. Visa accomplished a $1 billion acquisition of Bridge, a stablecoin platform, earlier this yr.
Cross-Border Payment Applications
Companies can switch USDC on weekends, whereas worldwide staff keep away from remittance charges usually starting from 3% to 12% on typical platforms. Japanese enterprises can combine JPYC after the launch of the All Banking System API gateway.
The crypto payroll market contains platforms resembling Deel and Rippling, each of which provide cryptocurrency cost choices. According to DataIntelo, the market is projected to achieve $6.38 billion by 2033.
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