Reporting · companies
Bitso Business reports stablecoin payment volume above $150 billion annualized
Bitso Business said its annualized stablecoin payment volume passed $150 billion, up 83% from a year earlier, with more than 2,000 institutional clients.
Quick take
- Bitso Business announced that its stablecoin payment volume has reached a new milestone, with annualized flows above $150 billion.
- Measured against $82 billion a year earlier, the figure has climbed 83%, according to the company.
- The company says the number measures transaction run rate rather than revenue and will be tracked in future periods.
NewsBTC reported that Bitso Business has announced a stablecoin payment volume milestone, disclosing the figure on November 4. The company said its annualized payment flows now top $150 billion, a rise of 83% on the $82 billion recorded a year before.
Spread across individual days, that annualized rate works out to more than $410 million daily, according to the company's figures. Its infrastructure, the firm added, is used by over 2,000 institutional clients, including remittance firms, neobanks and payments companies. It highlighted Latin American cross-border payments as a key use case for that infrastructure.
The company stressed that the volume is a transaction run rate rather than revenue, and that the metric is one it provided itself. It said it will track future periods, so later disclosures can be compared with this figure.
Because the number measures transaction volume, it does not show how much the company earned from those flows.
Sources
Machine-written from the publishers’ reports and checked against them · How Dextape writes