Tribal Credit, Bitso, and the Stellar Development Foundation launched a cross-border payment system enabling SMBs in Mexico and the U.S. to transact using USDC stablecoins, reducing costs and settlement times for international payments.
Tribal Credit partnered with Latin American exchange Bitso and the Stellar Development Foundation to build a cross-border payment platform for small and medium-sized businesses in Mexico and the U.S. The system allows businesses holding USDC to make real-world payments through Tribal's platform, with Bitso handling peso-to-USDC conversion. Tribal, which raised $34.3 million in April, provides corporate credit cards and expense management tools alongside this new payment capability. The company is expanding across Latin America, with operations in Colombia, Peru, and Chile, and plans to enter Argentina and Brazil.
