Paxos is on a mission to open up the financial system by making it possible to instantly move assets in a reliable way. We have long believed that the power of stablecoins is a key part of that mission. That’s why we’re excited to share more details about our new stablecoin payment features.
Why payment providers choose stablecoins
Stablecoin payments benefit payment providers, marketplaces, software platforms, and retailers across the entire payment flow.
Reach new audiences
Stablecoin payments make it easier to reach customers around the world and navigate the complexities of international payments with a single, borderless payment option accessible to buyers around the world. After Stripe launched stablecoin payments in October 2024, payments were made from over 70 countries in just 24 hours.
It is important for payment providers to stay ahead of evolving consumer preferences, and the growing popularity of stablecoins makes them an increasingly important addition to the payments stack.
Stablecoins are gaining in popularity as regulations become clearer and use cases expand, making them particularly attractive in global markets. According to RWA data, there are more than 90 million wallets worldwide holding stablecoins, an increase of more than 15% from 2023 to 2024.
More cost-effective payments
Credit card and wallet payment fees can often reach up to 3% or more, depending on your location and the type of business involved. This is before adding any additional fees associated with accepting international payments, converting to local currency, etc.
Stablecoin payments represent over 50% cost savings for PSPs and merchants compared to traditional payment methods. The emergence of low-cost, fast chains like Solana and Polygon has lowered transaction costs and gas fees, making stablecoins an attractive alternative to traditional options.
Fast and reasonable payment
Because card transactions are verified across networks and issuers, and bank payments are made across clearinghouses and correspondent networks, clearing times for traditional payment methods often take several days. Additionally, depending on the payment method, these cleared transactions may be subject to chargebacks or disputes for 30 to 90 days.
Stablecoins provide near-instant payments, with funds moving from customers to merchant or platform wallets in seconds, giving businesses capital flexibility. Additionally, stablecoin payments reduce payment complexity with dispute-free payment flows, providing additional certainty to users while maintaining the flexibility to offer refunds.
How Paxos can help
Paxos’ new Stablecoin Payments platform enables seamless stablecoin deposits and payments for payment providers and merchants through:
Streamlined Onboarding: Paxos allows payment platforms to leverage existing onboarding and data flows into merchant settings, making it easier than ever to expand payment options Instant Conversion: Our Platform is designed to instantly convert payments between stablecoins and fiat currencies (USD), giving businesses flexibility Seamless scalability: Our infrastructure allows you to instantly convert payments between stablecoins and fiat currencies (USD) from onboarding to fiat currencies. Migrate faster by leveraging a complete stack from conversion to built-in regulatory compliance. Single integration.
Please see the documentation for more details. If you want to start using Stablecoin Payments from Paxos, please contact us.
