SquareFi emerged from stealth with a stablecoin-enabled financial infrastructure platform aimed at fintechs and international platforms. The company debuted after processing $250 million in transaction volume.
In a statement, SquareFi said its product is an API stack intended to help businesses move funds, launch financial services, and manage cross-border operations. The company said that the platform supports activities in more than 150 countries and in more than 25 currencies.
SquareFi co-founder and CEO Denis Spasibo said: “Stablecoins will be the backbone of the modern financial system.
“In our conversations with companies, the same challenge kept coming up: they couldn’t easily connect money, stablecoins, and payments, and ensure compliance. We built the infrastructure for all of these systems to work together, and the growth we’ve seen demonstrates that this gap is real and urgent.”
The company said its infrastructure includes merchant accounts with designated IBANs, virtual and physical card issuance, integrated crypto wallets, and fiat-to-cryptocurrency conversion. It also offers on-ramp and off-ramp functionality within the same platform.
SquareFi said it connects to multiple payment pathways, including SWIFT, SEPA, ACH, WIRE, and local pathways. The company said that stablecoins serve as an internal settlement layer for cross-border transfers. He said this approach is designed to reduce transaction costs and speed up settlement, while maintaining compliance.
SquareFi said the platform is designed for B2B use cases, such as multi-party deals, cross-border payroll, crypto-to-fiat and fiat-to-crypto flows, and programmatic payments. The company said customers can access the service through direct API integration, through a white-label implementation, or as an end-to-end branded solution.
SquareFi co-founder and CPO Anton Lobintsev said: “Every system, from SWIFT to on-chain settlement, was built in a different decade with different assumptions. No one designed them to work together. Companies have been paying the price for that ever since, patching together workarounds that add costs, delays and risks at every step.
“The financial industry spent decades pretending that wasn’t a problem, but stablecoins made it impossible to ignore. We’ve spent the last year building the new infrastructure that solves this fragmentation.”
“SquareFi Stealth Out With Stablecoin Payments Infrastructure” was created and originally published by Electronic Payments International, a brand owned by GlobalData.
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