Paystand launches Bitcoin-based stablecoin USDb for enterprise payments

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Total stablecoin market cap. Source: DeFiLlama The token is built to integrate with enterprise finance systems, including ERP-ledger mapping, and support automated settlement workflows within Paystand’s network. Bitwage, a workforce payments platform Paystand acquired in 2025, serves more than 90,000 workers and 4,500 businesses across nearly 200 countries, the company said. Related: Stablecoin transfer volume drops 19% even as supply keeps rising: RWA.xyz Stablecoins are increasingly being used for business payments, including payouts, payroll, vendor settlements and cross-border transfers, as companies expand their use beyond trading and remittances. Last week, DoorDash said it is working with Tempo to enable stablecoin payments for drivers and merchants, allowing transactions to be settled in digital assets across more than 40 countries. The companies cited faster payouts, lower cross-border costs and greater flexibility as key drivers of the integration. Western Union also plans to launch its US dollar-backed stablecoin, USDPT, in May, CEO Devin McGranahan told analysts last week. The company first announced in October that the token would be issued by Anchorage Digital on the Solana blockchain and integrated with its digital asset network for payments. On Tuesday, Paxos said it integrated its Amplify platform with Toku to let users earn yield on stablecoin salaries held in payroll wallets without moving funds off-platform. The feature supports USDC, USDT and USDG and is available across Toku’s payroll network. The stablecoin market is currently valued at around $320 billion, dominated by Tether's USDT (USDT) at about $189.7 billion and Circle’s USDC (USDC) at roughly $77.7 billion, according to DeFiLlama data. Supply remains concentrated on a few chains, with Ethereum (ETH) accounting for about 52% of the market, followed by Tron (TRX) at around 28%, while smaller shares are distributed across networks like Solana, BNB Chain and others. Stablecoin supply by blockchain. Source: DeFiLlama Magazine: Adam Back says current demand is ‘almost’ enough to send Bitcoin to $1M

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