VelaFi, a financial infrastructure company that operates stablecoin-based payment services through regulated entities in Latin America, Asia and the United States, has launched Stablecoin Payments, a service that lets businesses collect funds from clients and partners using stablecoins. The product is aimed at e-commerce merchants, digital goods platforms and platforms serving crypto users, and accepts and settles funds directly in digital assets without converting them to traditional currency.
The service works by having a customer scan a QR code or open a payment link with a digital wallet to complete a transaction. Each payment request can carry a custom reference to make reconciliation easier, and a merchant can set how long a request stays active before sharing it. The product is built on the x402 protocol, which adds a payment layer directly into web infrastructure and settles transactions in approximately two seconds at a cost the company describes as a fraction of a standard wire transfer or card transaction. VelaFi said the underlying architecture supports more than 2,000 transactions per second, which it positions for both high-frequency business operations and emerging AI-driven payment workflows where software agents transact automatically.
The launch comes as the volume of stablecoin payments has risen. According to Artemis, a blockchain data and analytics firm, monthly stablecoin transfer volume grew from $1.9 trillion in February 2024 to $4.1 trillion in February 2025, more than doubling in twelve months. CoinDesk, a cryptocurrency news and data outlet, estimates that business-driven on-chain transactions, including vendor payments, payroll and supplier settlements, now run at approximately $390 billion a year.
"Most global payments are still constrained by legacy infrastructure multiple intermediaries, delayed settlement, and limited visibility," said Maggie Wu, CEO and Co-Founder of VelaFi. "Stablecoins enable instant, programmable, and borderless value transfer. With Stablecoin Payments, we give businesses a direct way to collect funds globally, without intermediaries, delays, or unnecessary complexity."
The service is available now to existing VelaFi clients through their dashboard. New businesses can access it after completing the company's onboarding, which includes know-your-business (KYB) verification and a compliance review.
