Using Stablecoins for Global Transactions

Traditionally, B2B cross-border payments have struggled with challenges like high transaction fees, slow processing times, and a lack of visibility over transaction status and fees. Verto is set to revolutionize this space with its upcoming stablecoin payment solution. By leveraging stablecoins—cryptocurrencies pegged to the value of traditional assets like the U.S. dollar—Verto is introducing a more reliable, efficient, and straightforward way to manage international business payments.

Understanding the Evolution of Tokenized Money

Tokenized money, especially in the form of stablecoins, represents a significant shift in how value is exchanged globally. Unlike volatile cryptocurrencies such as Bitcoin, stablecoins maintain a steady value, often pegged to fiat currencies. As they easily store current value, this makes them an attractive alternative to the more volatile cryptocurrency investments. The concept of tokenized money allows digital representations of traditional assets, providing all the benefits of blockchain—like security, transparency, and speed—without the price instability.

Over the past few years, stablecoins have evolved from a niche crypto asset to a powerful tool in global finance. With adoption growing rapidly, stablecoins are now considered a legitimate form of digital currency with substantial potential for transforming B2B payments, particularly in the cross-border sector. By enabling transactions that are fast, reliable, and lower-cost, tokenized money offers a new level of accessibility and scalability for businesses navigating the global economy.

Using Stablecoins for Business Transactions

The stability provided by pegging stablecoins to fiat currencies (e.g., USD) is a game-changer for businesses. Unlike more volatile cryptocurrencies, stablecoins retain their value, making them ideal for business transactions that demand predictability. Businesses can confidently hold and use stablecoins without worrying about significant value fluctuations, which is critical for budgeting, planning, and forecasting.

Moreover, stablecoin payments offer scalability. As businesses grow and transactions become more frequent and complex, stablecoin solutions like those offered by Circle (USDC) can handle increasing transaction volumes without compromising speed or security. This scalability makes stablecoins a future-proof solution for businesses that expect continued growth and expansion into new international markets.

Verto’s Stablecoin-Powered Cross-Border Payments

Cross-border business payment specialist Verto will soon add stablecoin payment solutions to its platform, providing stability, efficiency, and transparency for its customers. Verto users can now receive payments internationally, bypassing the often lengthy and expensive processes tied to legacy systems.

Advantages of Using Verto Stablecoin Payments

Reduced Transaction Costs

Traditional cross-border payments often involve intermediary banks, FX fees, and other hidden costs that increase the overall expense for businesses. Stablecoins enable direct transactions between parties, eliminating intermediaries and substantially reducing transaction fees. Verto’s clients can now retain more of their revenue, directly impacting their bottom line.

Accelerated Settlement Times

Traditional international transfers can take anywhere from one to five days, depending on the countries involved and the payment networks used. By leveraging the blockchain’s efficiency, Verto reduces settlement times from days to mere minutes - supporting faster cash flow and enhanced operational agility for businesses.

Enhanced Transparency and Security

Transactions made using stablecoins are recorded on a blockchain, creating a transparent, immutable ledger, and reducing the risk of disputes and fraud. This level of transparency is crucial for businesses looking to maintain clear and secure records of their international transactions.

Access to New Markets

Stablecoin-based payments also facilitate transactions in markets where traditional banking services may be limited or expensive. By bypassing some of the constraints of traditional financial systems, Verto enables businesses to access emerging markets with greater ease in order to unlock new growth opportunities.