Chinese cross-border payments platform LianLian Global is set to introduce stablecoin payments for its merchant base in collaboration with BVNK.
The integration will allow LianLian Global’s international merchants, spanning over 100 countries, to fund cross-border transactions in minutes rather than days using major stablecoins. Through this partnership, BVNK will automatically convert merchant stablecoin deposits to USD, which LianLian Global will then route through its global network.
This development follows recent partnerships between BVNK and Worldpay, as well as an investment from Visa. BVNK currently processes $14.5 billion in annualized stablecoin volume for various providers, including Worldpay and Deel.
Adora Wang, CEO of LianLian Europe, stated: “Stablecoins have emerged as a powerful global settlement tool. By partnering with BVNK, we’re addressing the growing demand for stablecoin payment rails, enabling our customers in e-commerce, marketplaces, and other sectors to enhance liquidity and execute cross-border payouts in 130 currencies. We chose BVNK for their proven expertise in serving global payment service providers, extensive banking relationships, and comprehensive multi-stablecoin offering that provides our customers with maximum flexibility.”