Paystand announced the launch of USDb, a stablecoin designed specifically for commercial-scale business finance, including accounts receivable, accounts payable, payroll, and treasury operations, on the Bitcoin network.
Paystand is a Bitcoin-powered B2B payments network that processes accounts receivable and accounts payable for more than one million businesses across North America and Latin America. The company has handled over $20 billion in payment volume and built a full-stack CFO platform through acquisitions of Yaydoo, Teampay, and Bitwage, covering AR automation, spend management, LATAM compliance, and cross-border payroll. Founded in 2013 and headquartered in Santa Cruz, California, Paystand operates Paystand.org, a non-profit advancing financial inclusion through Bitcoin.
According to a press release shared with Bitcoin Magazine, USDb is backed 1:1 by USD reserves and is native two Blockstream’s Liquid network as well as Rootstock, both layers on top of Bitcoin. The company is pursuing a dual licensing strategy to support both U.S. and international growth. In the U.S., Paystand expects to launch in a GENIUS-aligned manner and achieve full compliance by the end of 2026. Internationally, the company “already maintains licenses enabling digital asset and wallet operations in relevant jurisdictions” according to Meredith Petty, GM at Paystand. Both the U.S. and international offerings are intended to be fully backed 1:1 by USD, with any distinctions relating only to regulatory structure, distribution, and use case rather than reserve backing.
