Paystand aims a stablecoin at lingering holes in business automation

• Key insights: Paystand plans to release its own B2B stablecoin. 
• What's at stake: B2B and cross-border payments are a primary use case for stablecoins, creating an addressable market and competitors for Paystand. 
• Forward look: The company will initially launch the stablecoin in its own network, and will then expand later in 2026. 

While Paystand has used blockchain technology for years as a selling point for business payments, the company says there's still room for improvement.
"We found there's a hole in the market," Jeremy Almond, CEO of Paystand, told American Banker. His company is launching its own stablecoin as an option to digitize B2B and cross-border payments.

"We think that most stablecoins have come out of the retail world," Almond said. "This is a stablecoin for business." 

Paystand's USDb is designed to integrate with businesses' back-end technology, such as enterprise resource planning software and accounts payable and receivable platforms, to streamline payment processing.

Paystand's coin

Paystand is pursuing a huge portion of the overall payments market. While stablecoins are not widely used directly for payments, they are seen as a bridge between currencies in international and business payments. As dozens of banks, fintechs and retailers consider issuing their own stablecoins, they are chasing a B2B payments market that is projected to grow from $187 trillion in 2025 to $224 trillion by 2030, according to Juniper Research. Juniper also estimates 85% of stablecoin transaction value will be in B2B payments within the next 10 years.

While cross-border payments and trading are the main use cases for stablecoins thus far, B2B cross-border payments may be the sweet spot for stablecoin issuers.

"The primary use case for stablecoin continues to be cross-border and remittance. From a dollar-volume perspective, B2B cross-border is likely to be the highest volume," Tony DeSanctis, senior director at Cornerstone Advisors, told American Banker. 

Paystand's USDb will be backed 1:1 by U.S. dollars and will use Blockstream and Rootstock, two cryptocurrency technology companies. Paystand said the stablecoin will launch by the end of 2026 under regulations from the Genius Act. 

USDb is not designed for crypto trading or retail transfers, but instead is designed to streamline accounts receivable, accounts payable, payroll and treasury workflows, particularly for cross-border B2B payments. Paystand is also working with iBex, a firm that supports payment processing for digital assets and traditional currency. 

The stablecoin will additionally enable programmable settlement for agentic payments, or transactions that involve bots in decision-making and execution. 

Stablecoins are increasingly viewed as the "programmable funding layer" for agentic commerce, because they are digital-native and can be fractionalized to several decimal places, making them useful for the high-volume, machine-to-machine payments that AI agents generate.

Paystand, which was founded in 2013, markets itself as a company that reduces manual labor and processing friction for commercial payments, arguing that it adds speed and reduces cost for settlement. The company has processed more than $20 billion in payment volume. 

USDb's adopters at launch include Bitwage, a payroll firm Paystand acquired in late 2025. Bitwage processes  payroll and workforce payments for more than 90,000 workers and 4,500 businesses in about 200 countries, providing an initial cross-border payment corridor.

"Those payments will immediately go on a stablecoin," Almond said. "So this is not really a new project for them."  

How a stablecoin fits in at Paystand

Paystand's core product digitizes the transactions by embedding payment functions directly into customer communications, such as emails, allowing for one-click payments.

The company uses blockchain technology to create a secure, real-time record of payments, which assists in automated reconciliation and accounting. The company supports traditional credit cards and ACH processing alongside next-generation options like e-checks and bitcoin.

Paystand also integrates with various business systems that enable businesses to accept multiple payment types with minimal programming. Almond argues this gives Paystand a head start in selling its stablecoin, rather than looking for adopters from scratch. 

"Businesses can continue to operate as they have before, but the infrastructure will be running on stablecoins," Almond said.

The focus on cross-border and B2B payments tracks with most current demand for stablecoins, according to DeSanctis.

"I continue to think of stablecoin as a technology layer that will ultimately be adopted where use cases are the most compelling," he said. "At some point, smart contracts could become a viable use case, but for the foreseeable future the primary use case remains cross border. I do not see that changing in the next 18-36 months."