SANTA CRUZ – Paystand, a blockchain-based B2B payments network, said on Tuesday it has acquired Bitwage, a platform for cross-border payroll and payouts using stablecoins, aiming to bring faster, cheaper digital currency settlement to corporate finance.
The deal, terms of which were not disclosed, comes as stablecoins—digital tokens pegged to assets like the U.S. dollar—gain traction with policymakers and financial institutions, pushing their combined market value past $300 billion.
The acquisition positions Paystand to integrate Bitwage’s payout engine into its own accounts receivable and payable network, which has processed over $20 billion in payment volume for more than 1,000 enterprises. The combined company will offer corporate treasurers the ability to settle cross-border payments in minutes instead of days using stablecoins, bypassing traditional banking fees and delays.
“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. Paystand + Bitwage connects stablecoin rails to the $100-trillion B2B economy.”
The move reflects a broader trend of consolidation and maturation in the digital payments sector. Recent months have seen Stripe acquire a payments startup for $1.1 billion and Ripple purchase a treasury management firm, while BVNK is reportedly in talks with Mastercard and Coinbase on a major stablecoin agreement.
This activity is underpinned by emerging regulatory clarity from the U.S. GENIUS Act, Europe’s MiCA framework, and new regimes in Asia, which are building confidence among corporate financial officers.
“Bitwage proved that on-chain dollars can pay teams and suppliers in minutes, not days, nearly anywhere,” said Jonathan Chester, CEO of Bitwage. “By joining Paystand, we bring that reach to enterprise AR/AP, FX and treasury at scale.”
Stablecoins are now a significant force in global payments. A recent report noted that stablecoin transaction volume hit $9 trillion in 2025, rivaling more than half of Visa’s throughput and signaling their rapid adoption as financial plumbing.
The combined Paystand and Bitwage will offer global payables in stablecoins like USDC and USDT, 24/7 treasury settlement, and compliance frameworks designed to meet emerging global standards. Integration for select enterprise customers begins immediately.