Global payments group Zepz has partnered with Fireblocks to expand the use of stablecoins in remittances for WorldRemit and Sendwave.
Zepz will use Fireblocks’ treasury, settlement and wallet infrastructure to support stablecoin-based transfers across its remittance services, with the aim of speeding up settlement and reducing foreign exchange and intermediary costs.
WorldRemit and Sendwave serve more than nine million customers across over 130 countries.
The integration is expected to strengthen Zepz’s ability to securely manage digital assets and automate treasury operations as stablecoin usage scales.
The global remittance market is projected to reach US$895 billion by 2025, with more than 280 million migrants relying on cross-border transfers to support families and communities.
However, traditional remittance channels can be slow and costly, prompting payments firms to explore stablecoins as an alternative settlement rail, particularly in emerging markets.
The initiative is supported by a grant from the Solana Foundation, facilitated by Fireblocks.
Zepz plans to deploy the infrastructure across remittance corridors in Africa, Asia and Latin America.
Fireblocks provides digital asset infrastructure to banks and payment firms, securing more than US$4 trillion in digital asset transfers annually.
Its ecosystem includes companies such as Circle, Bridge by Stripe and Checkout.com, as well as payment service providers and remittance platforms using stablecoins for settlement and treasury operations.
“Global remittances represent one of the most powerful, real-world use cases for digital assets. WorldRemit and Sendwave are demonstrating how stablecoins can move real economies – delivering faster, cheaper, and more transparent payments at scale.
With Fireblocks, Zepz is proving how blockchain infrastructure can power the next generation of global consumer finance.”
said Michael Shaulov, Co-Founder & CEO of Fireblocks.
Featured image: Edited by Fintech News Singapore, based on image by noob via Freepik
