Paystand announced the acquisition of Bitwage in November 2025, integrating a B2B payments network with a pioneering crypto payroll platform and positioning USDC as an operational rail for global payments.
The deal combines Paystand’s reach —processing more than $20 billion for over one million businesses— with Bitwage’s infrastructure used by 90,000 workers and 4,500 companies in nearly 200 countries. The move raises significant changes for corporate treasuries, liquidity flows and institutional adoption, setting a new baseline for how enterprises may handle payouts and cross-border settlements.
The transaction arrives amid accelerating stablecoin use for payments: in 2025 stablecoins moved around $9 trillion in transaction volume (87% year‑on‑year growth), and aggregate market capitalization exceeds $300 billion, according to the firm’s own statements and press notes.
Paystand, headquartered in Santa Cruz (U.S.) with offices in Guadalajara (Mexico), reported $75 million in annual revenue as of May 2025 and positions the purchase as a step to turn digital currencies into “enterprise‑grade” instruments.
Bitwage brings the ability to convert remittances and wages into USDC or other currencies immediately, with conversion to local currency when appropriate, enabling faster, borderless payroll experiences. Paystand’s statement sums up the goal: “From invoices to payroll… we’re building a financial system that works like software 24/7, decentralized and borderless.”
The acquisition also fits within a wave of consolidation: other deals and alliances reflect the industrialization of crypto payment infrastructures across the sector.
Implications for Paystand and stablecoins market
The integrated offering reduces friction for CFOs to use USDC in accounts payable and payroll, which can increase transactional demand for stablecoins. 24/7 settlement with USDC can improve cash management and reduce the need for traditional credit lines.
Announced on November 7, 2025, the deal transforms USDC’s value proposition for corporate payments, and the market will closely watch the speed of deployment of the integrated platform and the regulatory response that will condition adoption at scale.
