Bitso integrated Stellar's Anchor Network to enable USDC payments to Argentina, Colombia, and Mexico, leveraging blockchain to improve cross-border settlement times and costs for businesses and remittances.
Bitso, a major Latin American crypto exchange, has integrated Stellar's Anchor Network in partnership with the Stellar Development Foundation to create a payments corridor enabling businesses worldwide to transact in USDC directly to Argentina, Colombia, and Mexico through Bitso's local banking connections. The integration addresses growing demand for faster, cheaper cross-border payments in international commerce and remittances. Bitso processed $3.3 billion in Mexico-U.S. transactions and saw a 32% increase in international transfers in the second half of 2022, demonstrating strong market demand for improved payment infrastructure.