Rezolve AI (NASDAQ – RZLV) completed its purchase of Smartpay, a platform that lets buyers pay with digital assets. Smartpay moved more than 1 000 million USDT across about 19 million transactions in the twelve months that ended on 30 September 2025. The takeover adds USDT and BTC besides ETH to Rezolve’s retail checkout stack and impacts stablecoin issuers, emerging market merchants and RZLV shareholders as rapid uptake and weak finances sit side by side.
Rezolve now runs Smartpay’s existing rails in Brazil, Argentina, Colombia and Angola, and it plans to build a blockchain network that charges merchants no fees while crediting fiat to their bank accounts instantly through its “Brain Checkout” engine, press releases and market notes. The deal tightens Rezolve’s link with Tether by making USDT the core currency of the new checkout, a move that may speed stablecoin use in countries with volatile money and costly wire transfers.
Adoption could accelerate as Smartpay’s storefront footprint pushes USDT into everyday purchases, while also opening point-of-sale routes for BTC next to ETH. Liquidity demands rise with 1 000 million USDT of yearly retail volume, pressuring custodians and on-off gateways to keep larger coin buffers.
Financial profile, risks and regulation
Annual recurring revenue above 70 million USD, a 100 million target for the end of 2025 and gross merchandise value near 50 000 million USD, set against negative operating and net margins, a 0.24 current ratio and an Altman Z-Score of – 23.43. Those numbers signal high share price swings and clear execution risk.
Heavy use of stablecoins and instant settlement will draw watchdog attention, a factor that can slow or reshape local roll outs. Near term, the marker to watch is Rezolve’s push to hit 100 million USD in ARR before 31 December 2025, while traders and portfolio managers track product roll outs, regulatory feedback and RZLV price swings against the backdrop of those fragile financials.
Rezolve’s Smartpay buy positions USDT at the heart of its checkout and could accelerate stablecoin use in volatile markets, but regulatory scrutiny and Rezolve’s fragile balance sheet make execution and the 2025 ARR milestone critical to watch. Altman Z-Score — a blended gauge of bankruptcy risk — negative readings flag severe financial stress.
