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Bitso Business Says Stablecoin Payment Volume Now Runs Above $150B Annualized
Bitso Business says the payment flows passing through its infrastructure have reached an annualized rate above $150 billion, up 83% from $82 billion a year earlier.
Brief
On November 4, Bitso Business announced that the flows moving through its infrastructure have climbed to a yearly pace exceeding $150 billion. That is an 83% increase over the $82 billion recorded a year before. By the company's estimate, the daily average comes to over $410 million, and more than 2,000 institutional customers rely on its platform. The clients span money transfer operators, digital banks, payment providers and online merchants. The article stresses that this measure is a transaction run rate rather than revenue, custody balances or an independently audited total for a full year. Projecting recent activity across twelve months may produce a different outcome, and the tally can count the same funds more than once. The piece suggests that later disclosures could add transaction counts, client retention and settlement costs.
Why it matters: It suggests stablecoin rails are being tied to everyday cross-border payments in Latin America, though the figure measures volume rather than earnings.
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Bitso Business reports stablecoin payment volume above $150 billion annualized
Terms in this story
- Stablecoin
- A token designed to track a reference value, usually the US dollar, through reserves, crypto collateral or an algorithm.