Paystand has acquired Bitwage to accelerate adoption of USDC payroll within an established B2B platform. The transaction impacts corporate treasuries, CFOs and international workers who receive compensation in digital assets, formalizing a prior operational relationship between the companies. The move brings to the enterprise level solutions that until now were considered marginal.
Paystand is a B2B payments platform reporting $75 M in annual revenue and more than $20 B in processed volume, according to company data. Founded in 2014, Bitwage has operated as a crypto payroll provider and claims over $400 M in wages processed for some 4,500 companies, facilitating payments in Bitcoin, Ethereum and stablecoins, including USDC.
Paystand was already using Bitwage’s services to pay international vendors and contractors, making the acquisition a consolidation of proven operations rather than an experiment. The integration is framed as turning stablecoins into “programmable liquidity” within the B2B universe, supported by projections that stablecoins’ market capitalization could reach $230–252 B by 2025, with USDC potentially at $60–65 B in circulation, according to the mentioned forecasts.
The technical value proposition centers on friction reduction through faster settlement, lower conversion costs and auditable traceability. The statement also emphasizes compliance and enterprise security protocols to mitigate operational and regulatory risks by adding governance and audit layers over USDC flows.
Market repercussions following the integration of Bitwage
For adoption by treasuries could see CFOs incorporate USDC rails to optimize liquidity management, improve cash visibility and streamline control over disbursements in multi-entity and cross-border contexts.
Liquidity and settlement benefit from near-instant payments that reduce exposure to exchange-rate risk and lower banking costs in international operations, improving working capital cycles.
The immediate milestone is Paystand’s operational and commercial integration of Bitwage, aiming to leverage 2025 USDC projections. For treasuries and traders, the next data to watch will be the volumes of payroll processed in USDC and the liquidity metrics both companies publish in their quarterly reports. Related: USDC and its evolution in corporate treasury.
