TLDR
- Paystand has acquired Bitwage to integrate USDC and USDT salary payments into enterprise workflows.
- The acquisition will allow Paystand’s 1,000 clients to offer faster payroll processing using USDC.
- Bitwage has processed over $400 million in wages across 200 countries, now enhancing Paystand’s payroll services.
- The platform will utilize blockchain-agnostic infrastructure, focusing on faster settlements with Solana and layer-2 solutions.
- Workers will now be able to receive payments in USDC, which can be converted into local currencies through digital banking services.
Paystand has acquired Bitwage, a crypto payroll service, to integrate USDC and USDT salary payments into enterprise workflows. The acquisition follows the explosive growth of stablecoin transactions, with $9 trillion processed in 2025 alone. As a result, Paystand’s 1,000 clients will now gain access to Bitwage’s stablecoin payroll capabilities.
Paystand Expands Payroll Offerings with USDC and USDT
Paystand’s acquisition of Bitwage will enhance its payroll services by incorporating USDC and USDT. The move allows enterprises to process payroll transactions using stablecoins for quicker, more efficient payments. Workers can now receive their salaries in USDC, which can easily be converted into local currencies through exchanges or digital banking services.
Bitwage has already processed over $400 million in wages across 200 countries. Its integration into Paystand will eliminate the traditional payroll delays, including weekend cutoffs and ACH processing. As Paystand continues to expand its client base across manufacturing, technology, and logistics, the new USDC payroll system will offer a significant upgrade in payroll speed.
Blockchain-Agnostic Infrastructure and Focus on Layer-2 Solutions
The combined platform will utilize blockchain-agnostic infrastructure. Bitwage historically supported Bitcoin and Ethereum but will now focus on layer-2 solutions and Solana for faster settlement. This shift ensures quicker and more reliable processing of payroll transactions, even outside traditional banking hours.
For employees, this change will reduce the need for costly foreign exchange fees. Workers in countries like Japan will soon be able to integrate JPYC after the launch of the All Banking System API gateway. The ability to transfer USDC on weekends ensures continuous payment processing for international workers without delays.
Stablecoin Growth and Regulatory Developments
The stablecoin market has seen rapid growth, with stablecoin transfer volume growing 87% year-over-year to $9 trillion in 2025. USDC alone processed $2.3 trillion in Q3. This growth has led many institutions, including BlackRock and Mastercard, to adopt on-chain dollar transactions into their operations.
Regulatory support for stablecoins has also increased. The SEC has issued guidance on stablecoin custody, while the Trump administration has expressed support for cryptocurrency initiatives. These developments contribute to the widespread adoption of stablecoins like USDC for payroll processing.
Paystand’s acquisition of Bitwage positions the company as a leader in the growing crypto payroll sector. With the integration of USDC, the platform provides a faster, more efficient way for businesses to pay employees worldwide.
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