Cross-border Payment Platform dLocal and Stablecoin Provider BVNK Partner for Enhanced Payouts

Through a strategic partnership, the cross-border payment platform dLocal, which operates in 40 markets globally, has joined forces with BVNK, a provider of stablecoin payment infrastructure. This collaboration is aimed at optimizing stablecoin payouts across these markets.

By working together, BVNK will supply stablecoin payment channels to dLocal, enabling faster and more efficient settlements for the platform’s global merchant network. In return, dLocal will leverage BVNK’s extensive coverage in emerging markets within Africa, Asia, and Latin America.

Customers can now fund cross-border payments using stablecoins that are then delivered to recipients in local currencies, ensuring optimal and scalable transactions.

Expansion of Stablecoin Usage

The adoption and usage of stablecoins continue to grow. In 2024, the total market value of stablecoins reached USD 140 billion, marking a significant increase from the end of 2023 by an additional USD 2 billion.

Additionally, the daily transaction volume for stablecoins increased by 8% to reach USD 7 billion. Stablecoins are now accepted in over 70 countries and are used by more than 25,000 merchants, improving cross-border payments and remittances significantly.

Further Developments from BVNK

In June 2025, BVNK partnered with Highnote to launch a new service that allowed for 24/7 real-time stablecoin funding for US card programs. This service was designed to overcome traditional banking hours limitations and cater to the needs of fintech firms and global enterprises operating across multiple time zones.

The collaboration enabled Highnote’s customers to use stablecoins to fund program accounts denominated in USD, which were instantly converted into fiat currency and deposited with sponsor banks.