SquareFi emerged from the fray with a stablecoin-enabled financial infrastructure platform targeted at fintech and international platforms. The company was launched after processing $250 million in transaction volume.
In a statement, SquareFi said its product is an API-first stack aimed at helping businesses transfer funds, initiate financial services, and manage cross-border operations. The company said the platform supports operations in more than 150 countries and more than 25 currencies.
SquareFi co-founder and CEO Dennis Spasbo said: “Stablecoins will be the cornerstone of the modern financial system.
“In our conversations with businesses, the same challenge continues: they can’t easily connect money, Stelcoin, and payments, and ensure compliance. We’ve built the infrastructure to make all these systems work together, and the growth we’re witnessing proves that this gap is real and urgent.”
The company said its infrastructure includes business accounts called IBANs, card issuance for virtual and physical cards, integrated crypto wallets, and fiat-to-crypto exchange. It also offers on-ramp and off-ramp functionality on the same platform.
SquareFi said it connects to multiple payment channels, including SWIFT, SEPA, ACH, WIRE and local channels. The company said stablecoins serve as an internal settlement layer for cross-border transactions. It said the approach was designed to reduce transaction costs and speed up settlement while maintaining compliance.
SquareFi said the platform is built for B2B use cases such as multi-party settlements, cross-border payments, crypto-to-fiat and fiat-to-crypto flows, and programmatic payments. The company said customers can access the service through direct API integration, through a white-label implementation, or as an end-to-end branded solution.
SquareFi co-founder and CPO Anton Lubentsov said: “Each system, from SWIFT to Onchain settlement, was built in different decades with different assumptions. No one designed them to work together. Businesses have been paying the price ever since, combining work that increases cost, delay and risk at every step.
“The financial industry spent decades thinking this wasn’t a problem, but stablecoins have made it impossible to ignore. We’ve spent the last year building new infrastructure that solves this problem.”
“SquareFi Unveils Stablecoin Payments Infrastructure” was originally developed and published by Electronic Payments Global, a brand owned by Global Data.
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