Ontop and BVNK have teamed up to introduce embedded USD stablecoin accounts for international workers across 150 countries.
These new accounts are integrated within Ontop’s existing financial platform, which already offers fiat USD account solutions for global workers. Behind the scenes, settlement occurs via stablecoin infrastructure supplied by BVNK, allowing end users to interact with familiar dollar accounts.
Enhancing Payroll Infrastructure with Stablecoins
Ontop’s platform enables companies to hire, pay, and manage international contractors and employees without establishing local legal entities. Its services include payroll processing, contractor management, compliance, and cross-border payouts, covering 150 countries. Approximately 80% of its reach is concentrated in Latin America and the Caribbean, with the remaining 20% distributed among markets such as the US, Singapore, the UAE, and India.
The integration of stablecoin-backed accounts addresses a recognized challenge in cross-border payments—speed and accessibility. For instance, a contractor in Argentina can now receive and hold USD through Ontop’s platform. With stablecoins handling these transfers, funds settle faster and move more efficiently across borders with fewer intermediary steps.
BVNK, which provides stablecoin infrastructure for businesses, has been an existing partner of Ontop for stablecoin payment receipt. The expanded collaboration now includes embedded wallet infrastructure, with BVNK supplying the underlying stablecoin layer for the new USD accounts.
This arrangement reflects a broader trend in the payments industry where stablecoins are increasingly integrated as settlement rails rather than standalone financial products. By abstracting the stablecoin layer from the user experience, Ontop positions the product as accessible to workers who may be unfamiliar with or uninterested in digital assets directly.
An official at Ontop stated that this partnership is a step toward building a broader financial platform for workers. The stablecoin infrastructure will serve as the groundwork for additional financial services over time, according to BVNK’s leadership, who see it as part of a wider trend where stablecoins become core financial rails for global businesses.
The initial focus is on faster access to earnings and reducing inefficiencies in international payments. Ontop plans to continue expanding its product offering beyond payroll but has not disclosed specific timelines or additional products.
