Paystand, the blockchain-powered B2B payments network that has processed more than $20 billion in volume, has acquired Bitwage, the stablecoin payout pioneer known for enabling cross-border payrolls in digital dollars. The deal signals a structural shift: stablecoins are no longer a fintech experiment but the connective tissue for enterprise finance.
It’s part of a wider consolidation wave reshaping the payments stack. Stripe’s $1.1-billion purchase of Bridge, Ripple’s $1-billion acquisition of GTreasury, and BVNK’s $2.5-billion infrastructure talks with Mastercard and Coinbase all point to one trend—blockchain rails are becoming mainstream financial infrastructure. Paystand’s integration of Bitwage extends that trend beyond crypto trading desks into the industrial economy: manufacturing, logistics, and trade finance.
“Stablecoins just crossed from crypto curiosity to regulated money movement,” said Jeremy Almond, CEO of Paystand. “What’s been missing is an enterprise-scale network to apply them to real-economy use cases — supplier payments, trade, logistics, energy, and manufacturing. Paystand + Bitwage connects stablecoin rails to the $100-trillion B2B economy with the automation CFOs require — faster settlement, lower costs, and programmable treasury — without adding bank fees or complexity.”
Regulation has finally caught up with innovation. The U.S. GENIUS Act, the EU’s MiCA framework, and new licensing regimes in Hong Kong and Singapore have defined stablecoins as compliant payment instruments. That clarity is fueling adoption: stablecoin transaction volume reached roughly $9 trillion in 2025, up 87% year-over-year and already more than half of Visa’s throughput. In parallel, Visa, Mastercard, and BlackRock are using tokenized assets for settlement. Paystand’s move brings that same infrastructure into corporate AR/AP and treasury workflows.
“Bitwage proved that on-chain dollars can pay teams and suppliers in minutes, not days, nearly anywhere,” said Jonathan Chester, Bitwage’s co-founder and CEO. “By joining Paystand, we bring that reach to enterprise AR/AP, FX and treasury at scale. This is how on-chain dollars become working capital for global businesses.”
Technically, the merger links Bitwage’s API-first payout engine with Paystand’s receivables and payables automation network. The result is a bi-directional platform that handles both sides of the corporate ledger — collections and disbursements — in real time. Transactions settle on-chain, automatically reconcile, and move liquidity between subsidiaries and suppliers within minutes rather than days.
Because settlement occurs in stablecoins, enterprises gain speed without sacrificing stability. Paystand calls this “always-on treasury,” a system that lets CFOs rebalance global liquidity 24/7. For multinational supply chains and manufacturers operating across time zones, that translates into lower FX friction and more efficient working-capital management.
Governance is built in rather than bolted on. The combined network aligns with obligations under the GENIUS Act and other emerging frameworks, providing auditable controls, KYC/KYB verification, and rule-based fund movement. Policy enforcement can be encoded directly into transactions, a crucial step for compliance-conscious CFOs seeking the advantages of blockchain without the regulatory gray zones.
Corporate appetite appears ready. A recent Ernst & Young study found 87% of enterprises believe stablecoin adoption will deliver a competitive edge, citing cost savings and liquidity access. Until now, legal uncertainty kept that interest theoretical. With frameworks solidifying, large companies can finally treat stablecoins as infrastructure rather than experiment.
Bitwage’s footprint provides Paystand instant global coverage. Combined with Paystand’s $20 billion in processed volume, the network can compete with legacy cross-border providers on speed and cost while adding programmability traditional rails lack. It also redefines FX. By using stablecoins as the intermediary asset, businesses can move value between currencies without relying on correspondent banks or external brokers, cutting settlement risk and fees.
Bringing receivables and payables under one programmable protocol also creates a liquidity loop: cleared receivables instantly fund outgoing payables. Capital that once sat idle in transit becomes active working capital. The concept has long been discussed in enterprise blockchain circles; Paystand and Bitwage appear ready to execute it.
The acquisition continues Paystand’s strategy of expanding its CFO technology stack. Since 2022, the company has acquired Yaydoo and Teampay to extend capabilities across accounts receivable, spend management, and expense control. Bitwage completes the picture with cross-border liquidity. Integration has begun for select enterprises, with rollout by corridor and currency to follow. Fiat interoperability and configurable treasury controls will allow companies to adopt digital settlements while staying aligned with internal risk policies.
The result is an enterprise network that treats money as software, making it transparent, interoperable, and programmable. On the surface are automation tools for finance teams; beneath that lies a blockchain settlement core that executes transactions in real time. It’s a technical model that echoes what large institutions like BlackRock, JPMorgan, and Citi are building for tokenized assets but aimed squarely at the commercial economy — the manufacturers, distributors, and service providers moving goods and capital every day.
For those enterprises, the Paystand-Bitwage merger represents a practical evolution: programmable dollars with regulatory backing, moving at the speed of business. Stablecoins are no longer peripheral to finance, they’re becoming its next operating system.
