Enhancing Global Money Movement
Through this partnership, the two firms enable faster, more efficient, and cost-effective money transfers across new markets. By working together, BVNK will supply stablecoin payment channels to dLocal, facilitating quicker settlements for their global merchant base.
Furthermore, dLocal will offer BVNK’s coverage in emerging markets of Africa, Asia, and Latin America, allowing customers to fund cross-border payments using stablecoins that can be converted into local currencies optimally at scale.
Global Adoption of Stablecoins
The stablecoin market continues to grow. Financial institutions and fintech companies are expected to integrate cryptocurrencies into their portfolios. In 2024, the total market value of stablecoins reached USD 140 billion, a USD 2 billion increase from the end of 2023.
Moreover, daily transaction volumes for stablecoins increased by 8% to an average of USD 7 billion. Stablecoins are now accepted in over 70 countries and are used by more than 25,000 merchants to optimise cross-border payments and remittances.
More Updates from BVNK
In June 2025, BVNK and Highnote introduced a new service that enabled 24/7 real-time stablecoin funding for US card programs. This feature bypasses traditional banking hours to eliminate the limitations imposed on fintech firms and global enterprises operating across multiple time zones.