"Paystand's USDb is designed specifically for commercial-scale business finance, including accounts receivable, accounts payable, payroll, and treasury operations, on the Bitcoin network."
"The company has handled over $20 billion in payment volume and built a full-stack CFO platform through acquisitions of Yaydoo, Teampay, and Bitwage."
"USDb is backed 1:1 by USD reserves and is native to Blockstream's Liquid network as well as Rootstock, both layers on top of Bitcoin."
"Paystand positions USDb as infrastructure for the roughly $100 trillion B2B economy, rather than for crypto trading or retail transfers."
Paystand introduced USDb, a stablecoin aimed at commercial-scale business finance, including accounts receivable and payroll, on the Bitcoin network. The company, which processes payments for over one million businesses, has handled more than $20 billion in transactions. USDb is backed 1:1 by USD reserves and operates on Blockstream's Liquid network and Rootstock. Paystand aims for compliance in the U.S. by 2026 while already holding international licenses. USDb is designed for the B2B economy, not for crypto trading, with Ibex as its first minting partner.
Read at Bitcoin Magazine
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