Global payments firm Nuvei has rolled out a new stablecoin-powered payout infrastructure designed to speed up and cut the cost of moving fiat across borders, particularly into emerging markets where outdated banking systems often delay transactions.
The company is using blockchain rails behind the scenes to transfer value internationally before converting it into local currency and depositing it directly into recipients’ bank accounts. The move allows businesses to bypass slower, more expensive SWIFT transfers, enabling same-day or next-day settlement in many cases.
Nuvei said the system will benefit treasury transfers, global payroll, marketplace seller disbursements, vendor payments, and large-scale remittance programs. It also integrates multiple foreign exchange providers to secure competitive rates, an advantage for companies operating in regions with volatile currencies.
“Our mission is to simplify and accelerate money movement globally so businesses can focus on growth,”
said Phil Fayer, Nuvei’s Chair and CEO.
“By using stablecoin rails, we’re offering a faster, more efficient alternative to traditional settlement methods, especially in fast-growing economies.”
The upgraded service is part of Nuvei’s broader global payouts platform, which covers over 200 markets with local settlement in 150 currencies. It complements existing methods such as direct bank transfers, eWallets, card networks, and real-time payment systems, giving clients a wider range of payout options.
Nuvei said the solution is aimed at removing barriers for businesses expanding into underserved or high-cost payment corridors, where correspondent banking is inefficient or unavailable. The approach positions stablecoin technology as a core enabler of faster, more reliable international money movement in markets representing the next wave of digital commerce.
In another development, Clearpool entered a strategic partnership with Cicada Partners to strengthen institutional access to Payment Financing (PayFi) within the stablecoin economy. The collaboration will see Cicada, an on-chain credit risk advisory and management firm handle underwriting, structuring, and active oversight of Credit Pools through Clearpool’s Port Vaults.
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