Payoneer, the Nasdaq listed fintech payment firm, to launch stablecoin capabilities via Bridge

Nasdaq-listed fintech Payoneer is introducing a suite of stablecoin capabilities powered by Bridge, a Stripe company. The new functionality will allow businesses to receive, hold and send stablecoins as part of their day-to-day global treasury and payments operations.

Source: Payoneer Press

Why this matters

Payoneer is a $2B Nasdaq listed public payment company that is doing $80B in cross border volume and $120M in annual profit. Its business is to help SMEs move money across borders. It is the perfect target customer for 24/7 always on money solutions.

Last year, Payoneer partnered with Citi to access tokenized deposit capabilities (details: https://lnkd.in/e5z7F2Uq). In theory, that addressed a meaningful portion of real-time liquidity and settlement needs within the traditional banking perimeter. 

So why add stablecoins via Bridge?

This suggests one or more of the following dynamics:

1️⃣ Corridor asymmetry

Certain emerging market corridors remain fragmented, slow or balance sheet intensive for banks. Stablecoins can bypass local frictions where correspondent rails are thin.

2️⃣ Strategic optionality

Payoneer wants to run dual rails strategy and leave the transaction level choice to customers.

➡️ The key question

Will Payoneer deploy stablecoins selectively for underserved corridors while relying on Citi’s tokenized deposit infrastructure for major FX and institutional flows?

If so, this is less about “stablecoins vs bank money” and more about rail specialization by use case.