Welcome to our May newsletter!

In this edition, we look at how financial innovation is reshaping international trade, highlighting key trends, technologies, and regulations that impact how companies pay, collect, and grow across markets.

Join the revolution that is transforming the way businesses manage international payments.

The future of payments is being shaped today, and Stablecoin Conference 2025 is the starting point. On August 27 and 28, Bitso Business will bring together influential voices in Mexico City to discuss how stablecoins are reshaping commerce, innovation, and financial inclusion. Are you ready to be part of the change?

We look forward to seeing you there!

A strategic and concise selection of insights that capture the pulse of global financial transformation.

What are the most widely used stablecoins in Mexico? 

The Mexican market has shown a diversified adoption of stablecoins, each serving specific use cases based on user profiles and transaction types. In the corporate environment, USDC (issued by Circle) stands out as the most utilized stablecoin for B2B payments and treasury management, thanks to its regulatory transparency and institutional strength. 

For the remittance sector, USDT (Tether) remains the leader, driven by its wide availability on exchanges and wallets, making it easily accessible for individual users and remittance platforms. In the DeFi ecosystem, DAI —issued by MakerDAO and collateral-backed— continues to be the preferred choice for decentralized operations. Emerging options like sUSD (by Synthetix) and others are also gaining traction, particularly in experimental fintech environments seeking efficiency and flexibility.

Learn more in: 

• https://messari.io/
• https://tether.to/es/
• https://www.circle.com/es-la/
  

Interest in stablecoins among mexican startups

Within Mexico’s startup ecosystem, stablecoins are gaining ground as a strategic tool for innovation and international expansion. According to a recent study by Finnosummit, in collaboration with Mastercard and Galileo, 46% of startups in Mexico have expressed interest in using cryptocurrencies, including stablecoins, in their business operations.

This reflects a growing demand among emerging companies to integrate digital assets into their business models, aiming for efficiency, speed, and access to new markets.The report also highlights that the number of fintechs in Mexico using technology related to stablecoins increased from 6% in 2023 to 10% in 2024.

Here’s an overview of how various Mexican companies are adopting stablecoins:

Learn more in:

• Almost Half of Mexican Startups Want to Use Crypto – Report
• Crypto Landscape in Latin America
  
  
  

From technological breakthroughs to regulatory shifts, these updates will help you anticipate key changes impacting international business operations.

Circle launches cross-border payments network using stablecoins

Circle has announced the launch of the Circle Payments Network (CPN), designed to enable financial and tech institutions to settle international transactions using stablecoins like USDC and EURC. The network aims to improve the efficiency of the global financial system by enabling real-time settlements, reducing costs, and minimizing the delays of traditional methods. 

The network aims to improve the efficiency of the global financial system by enabling real-time settlements, reducing costs, and minimizing the delays of traditional methods.

The CPN connects banks, fintechs, and payment service providers, facilitating use cases such as remittances, supplier payments, payroll, and treasury operations. By leveraging regulated stablecoins, Circle aims to offer a faster and more cost-effective alternative for international transfers.

• Circle Introduces CPN to Enable Cross-Border Payments
• Circle Plans Stablecoin-Powered Cross Border Payment Network

Italy warns about U.S. stablecoin policies 

Italy’s Economy Minister, Giancarlo Giorgetti, has expressed concerns regarding U.S.-backed stablecoin policies, warning that they could pose a threat to European monetary sovereignty. According to Giorgetti, the growing adoption of dollar-linked stablecoins could undermine the euro’s position in international payments.

In response, the minister urged the European Union to accelerate the development of a digital euro as a measure to counter the influence of foreign stablecoins. The concern lies in the possibility that these digital currencies could displace the euro in cross-border transactions, affecting the region’s financial autonomy.

Learn more in:

• U.S. policy on stablecoins more dangerous than tariffs, Italian minister says
• Italy warns U.S. stablecoin policy is a greater concern than trade tariffs

Mastercard develops digital asset network

Mastercard is building a digital asset network called the Multi-Token Network (MTN), aimed at facilitating transactions between consumers, merchants, and financial institutions by integrating blockchain technology into its infrastructure. This initiative seeks to replicate the scale of its card network within the digital asset space.

The MTN will enable interoperability between different types of digital assets and fiat currencies, offering a user experience similar to platforms like Venmo, but within the blockchain environment. Mastercard has already established partnerships with entities such as JPMorgan and Standard Chartered to develop use cases in cross-border payments and asset tokenization.

With over 100 crypto-focused card programs launched globally, Mastercard is reinforcing its commitment to financial innovation and the adoption of emerging technologies.

Learn more in:

• Mastercard Brings Blockchain Network to Digital Asset Users
  
• Mastercard Expands Crypto Capabilities with New Services for Digital Asset Users
• Mastercard’s Expansion into Digital Assets Through ‘Crypto Credential’ and ‘Multi-Token Network’ Services
  
  
  

Swift introduces solution to streamline cross-border payment investigations 

Swift has launched an enhanced solution for managing payment investigations, aimed at reducing costs and resolution times in international transactions. This tool leverages enriched and standardized data to identify and resolve issues more efficiently.

The financial industry faces significant costs due to manual processes in investigating delayed payments. With this solution, Swift aims to optimize the customer experience and improve operational efficiency within the global payments ecosystem. By implementing this tool, financial institutions can anticipate and resolve issues more quickly, strengthening trust in international payment systems.

Learn more in:

• Swift Rolls Out Tool to Speed Up Investigations of Cross-Border Payment Issues
  
• Swift solution for managing cross-border payments investigations could save industry millions in operational costs
  
  
  

Russia should have own stablecoins, finance ministry official says
 

An official from Russia’s Ministry of Finance has suggested that the country should develop its own stablecoins, especially after Russian digital wallets holding USDT were blocked. This proposal aims to reduce reliance on dollar-backed stablecoins and strengthen national financial sovereignty.

The initiative arises in the context of international sanctions that have complicated cross-border payments for Russia. By creating stablecoins backed by other currencies, Russia could facilitate international transactions without relying on Western financial systems.

This strategy reflects a move toward adopting domestic digital financial tools, adapting to an increasingly fragmented global economic landscape.

Learn more in:

• Russia’s finance ministry official urges country to launch its own stablecoins after USDT wallet block
• Russia should have own stablecoins, finance ministry official says
• Russia Should Create Its Own Stablecoins, Says Finance Ministry Official
  
  

We highlight key statistics that provide a quick overview of the most impactful trends in the world of international payments and digital finance.

SMBs drive $13.8 trillion in B2B cross-border payments

In 2024, small and medium-sized enterprises (SMEs) contributed $13.8 trillion to the cross-border B2B payments market, representing 25% of total revenue in this segment. This figure is projected to increase to $21.2 trillion by 2032, with a compound annual growth rate (CAGR) of 5.6%.

This growth reflects the increasing participation of SMEs in global trade and the adoption of digital solutions to facilitate more efficient and secure international transactions.

Source:

• Cross-Border Payments Industry Statistics 2025: Market Drivers and Regulatory Changes

Industry leaders share key insights, challenges, and strategies on the growing role of stablecoins and digital assets in business operations.

Ben Reid

Director of Stablecoin Strategy at Bitso Business

The rapid adoption of stablecoins among Mexican businesses is being fueled by the country's role as one of the largest payment corridors in the world. According to Ben Reid, one of the main drivers is the demand for faster and more cost-effective cross-border transactions, both inbound and outbound. “Traditional methods can be slow and expensive, creating friction in international commerce,” he explains. In contrast, stablecoins offer digital alternatives that settle near-instantly at a fraction of the cost. The growing integration with local payment systems like SPEI further enhances their usability in day-to-day business operations.

Beyond international payments, companies in Mexico are increasingly turning to stablecoins for treasury management and value preservation. Reid notes that some firms are now holding part of their working capital in stablecoins, benefiting from the ease of transfer and quick conversion into local currency as needed. “The integration with local banking infrastructure is again key here,” he adds, highlighting how seamless movement between digital and fiat formats supports broader financial workflows with minimal disruption.

Still, adopting stablecoins isn’t without challenges. Regulatory uncertainty, technical integration barriers, and operational alignment are among the main obstacles businesses face. Bitso Business addresses these issues by offering infrastructure that simplifies conversion and supports reconciliation workflows. “Using robust infrastructure that simplifies the conversion between stablecoins and local fiat currencies is crucial,” Reid emphasizes. Alongside this, education and knowledge sharing remain essential to increase market confidence and enable scalable adoption.

Stay connected with Bitso Business

We appreciate you joining us for another edition of our Newsletter. Stay tuned for more strategic updates designed to support your business decisions in the world of digital assets.