With Stripe’s recent $1.1 billion acquisition of the stablecoin platform Bridge.xyz causing ripples in the crypto payments realm, the focus is shifting to the next evolution of stablecoin infrastructure providers.

Among those emerging is BlindPay, a notable winner from the 2024 Consensus hackathon and part of the Y Combinator 2025 batch, taking a unique stance in global payments — targeting emerging markets, especially in Latin America. This comes as a16z crypto predicts a surge in enterprise acceptance of stablecoins for payments, labeling them “the cheapest way to send a dollar.”

“What distinguishes us from Bridge is our emphasis on emerging markets,” states Bernardo Simonassi Moura, BlindPay’s 26-year-old CEO. “We operate in Argentina, Mexico, Colombia, and Brazil, with established compliance to onboard customers in these areas.”

The cross-border payment sector, currently under the sway of SWIFT, processes around $33 trillion annually. With stablecoins moving $8.5 trillion in 2024, they present an attractive alternative. “Sending money from Brazil to Argentina using stablecoins takes just 30 seconds, while SWIFT can take up to five business days,” Moura highlights.

BlindPay’s strategic focus on small and medium-sized businesses, coupled with deep market insights in Latin America, positions it as a strong contender in the rapidly evolving payments landscape. The firm is laying down a robust framework to integrate stablecoins into comprehensive banking solutions, aiming to revolutionize global payments.