USDC Payroll Goes Mainstream: Paystand Acquires Bitwage
B2B payments platform Paystand has acquired crypto payroll service Bitwage to integrate stablecoin salary payments into enterprise workflows.Summary
Paystand, a B2B payments platform processing $20 billion annually, has acquired Bitwage, a crypto payroll service that has managed over $400 million in digital wages since 2014. This acquisition integrates USDC and USDT salary payment capabilities directly into enterprise workflows for Paystand's 1,000 clients across manufacturing, technology, and logistics.
Bitwage's infrastructure supports over 90,000 workers, converting fiat salaries into stablecoins via Circle and Tether. The combined platform aims to eliminate traditional payroll issues like ACH delays, weekend cutoffs, and cross-border foreign exchange fees, prioritizing faster settlement via layer-2 solutions and Solana. The move aligns with massive stablecoin growth, which reached $9 trillion in transfers in 2025, nearly half of Visa's annual throughput, and occurs amid supportive regulatory signals in the US.
The integration allows companies to execute payroll transactions outside banking hours, enabling international workers to avoid typical remittance fees. The crypto payroll market is projected to reach $6.38 billion by 2033.
(Source：BeInCrypto)