PayDo and BVNK have joined forces to incorporate stablecoin transactions into PayDo’s payment platform, allowing businesses to handle pay-ins, payouts, and checkout using both fiat and stablecoins.
Through this collaboration, PayDo’s clients can access the convenience of converting fiat currency to stablecoins for various financial activities without needing to deal with digital assets directly.
Simplifying stablecoin transactions in a traditional setting
Under their partnership, three key features are now part of PayDo’s platform. Customers can top up their PayDo balance using stablecoins, with the conversion to fiat taking place seamlessly within one transaction. Outgoing payments also benefit from automatic fiat-to-stablecoin conversion, ensuring a smooth process at the time of payout. Merchants will be able to accept stablecoin payments on their websites, with funds settled into their PayDo accounts in fiat.
PayDo does not manage crypto assets; instead, all stablecoin transactions are automatically converted to fiat, enabling users to enjoy blockchain-based transaction speeds while operating within a regulated environment. This setup minimizes the need for customers to handle cryptocurrency-related compliance issues separately.
Market context and significance
PayDo’s platform integrates multiple services such as multi-currency accounts, SEPA and SWIFT transfers, merchant acquiring, card issuing, mass payouts, and Open Banking solutions under one API. The addition of stablecoin functionality is aimed at addressing the needs of businesses operating in cross-border, high-volume, or time-sensitive payment environments where traditional banking systems might introduce delays.
BVNK supplies stablecoin infrastructure to financial services companies worldwide. This partnership showcases a growing trend among regulated payment institutions adopting stablecoins as an efficient operational layer rather than merely treating them as speculative assets. Interest in stablecoins from payment providers has increased due to the promise of faster and more interoperable cross-border transactions, especially with clearer regulatory guidance being provided by EU and UK authorities.
According to Chris Harmse, Chief Business Officer and Co-Founder of BVNK, the integration marks an instance of stablecoins being integrated across financial services as a means for efficient money movement. Meanwhile, Serhii Zakharov, CEO and Founder of PayDo, sees this as a step towards creating a comprehensive ecosystem with more product updates anticipated in the future.
This partnership allows PayDo’s users to engage with stablecoins without needing to acquire, hold, or manage them directly. It positions the offering as an infrastructure that enhances settlement flexibility while maintaining a familiar fiat-based experience for customers.
