Bitso Business Says Stablecoin Payment Volume Now Runs Above $150B Annualized

TL;DR: Bitso Business says the payment flows passing through its infrastructure have reached an annualized rate above $150 billion, up 83% from $82 billion a year earlier. The November 4 disclosure puts Latin American cross-border payments back in focus as a practical use for stablecoins. Bitso Business says the payment flows passing through its infrastructure have reached an annualized rate above $150 billion, up 83% from $82 billion a year earlier. The November 4 disclosure puts Latin American cross-border payments back in focus as a practical use for stablecoins. The number is significant, but it describes an annualized transaction run rate, not net revenue, assets under custody or a full calendar year's independently audited settlement. How to read the number Bitso estimates the annualized total payment volume equates to more than $410 million a day, and says more than 2,000 institutional clients use its infrastructure. Annualization converts a recent rate into a twelve-month equivalent; the actual figure realized over a full year may differ if activity changes. Payment volume also counts money passing through the system, potentially more than once, rather than money earned by ...