PayFi has become a category everyone wants to be in. Most of it is just two products glued together — a payment app on one side, a lending or yield product on the other, sharing a logo. The "fi" runs in a separate venue from the "pay." That is not PayFi. That is fintech with adjacent rooms. Real PayFi is the inverse. The finance happens inside the payment flow, not next to it. Yield comes from capital structurally embedded in how money is already moving — not parked beside it. Once you draw the line that way, most "PayFi" projects fall out. What remains is a narrower question: where is there enough real, recurring payment flow that capital can actually live inside? E-commerce disbursements are one of the few honest answers.

PayFi is moving from whitepaper to infrastructure. And the corridor it's moving along first runs between Singapore and Hong Kong. This week at #HKWeb3Festival#, three of the teams building that corridor sit down together. 🗓 April 22, 6pm · CAI CAFE, Causeway Bay Hosted by @SporeBlockchain, the world's first cross-border blockchain week, bridging Singapore and the Johor-Singapore Special Economic Zone. When they bring their flagship format into Hong Kong, it isn't a side event. It's a statement. Joined by @RealGoOfficial, the first AR + AI + Web3 consumer application on BNB Chain, turning Meme 3.0 into a product people actually open while the rest of the industry is still writing decks about mass adoption. And PolyFlow, building the PayFi infrastructure that bridges RWA with DeFi. Our CMO @EBerlindao in the room, in person. This is night one. April 22 and 23, catch us on the main floor at HK Web3 Festival. More lands this week. #PayFi# #PolyFlow# #Web3Festival#

Another massive week for PayFi and for the partners building alongside us. Headlines ↓ 1️⃣ @SolanaFndn, @Ripple, Visa, and Mastercard join x402 Foundation, pushing open payment standards and agentic platforms. 2️⃣ SBI Group and @DigiFTTech launched JX, bringing Japanese capital markets to Solana, enabled by ecosystem participants including Huma. 3️⃣ @galaxyhq launched GOFR (Galaxy Onchain Financing Rate), enabling borrowing at an optimized blended rate across top DeFi venues. 4️⃣ @HSBC and Marketnode completed Hong Kong’s first tokenized structured product issuance, testing tokenization across issuance, PayFi, and servicing. 5️⃣ The House Financial Services Committee holds a CLARITY Act field hearing tomorrow, pushing the market structure bill toward a Senate vote. 6️⃣ JCB and @Circle are exploring USDC for cross-border payments and merchant transactions. 7️⃣ @Tether led a $7M round in Pact Labs to grow adoption of USAT. 8️⃣ @dragonfly_xyz and @firstmarkcap co-led @velocityxyz_ $38M round, backing a platform that lets companies hold and settle funds in stablecoins across existing banking rails.

Another massive week for PayFi and our ecosystem partners. Headlines ↓ 1️⃣ Cross-border payments startup @NiumGlobal acquired @Cypher_HQ_, a crypto wallet and card-issuing startup, to expand its crypto card push. 2️⃣ @Ripple received full MiCA CASP authorization from Luxembourg's CSSF, unlocking crypto payments across all 30 EEA countries. 3️⃣ UNDP and @Stellar extended their partnership to scale proven digital payment solutions. 4️⃣ @Tether to invest $20M in a strategic growth financing round for Mercado Bitcoin to push into capital markets across Latin America. 5️⃣ @PayPal's PYUSD launches natively on @0xPolygon with built-in support for the Open Money Stack. 6️⃣ @BNBCHAIN is building a new Layer 1 targeting sub-50ms transaction preconfirmation for agentic and high-frequency trading. 7️⃣ @binance pay reported 114% YoY growth, observing strong demand on day to day crypto payments. 8️⃣ @gauntlet_xyz raised $125M from SBI Holdings to scale its DeFi vault risk-curation business. 9️⃣ @Aave introduced Stable Vaults, an all-in-one solution for embedding fixed-rate stablecoin yield into any financial product.

Another defining week for PayFi. Headlines ↓ 1️⃣ @Visa @stripe @Mastercard @coinbase @blackrock and 140+ partners unveiled Open USD (OUSD), a consortium stablecoin launching natively on @solana, with reserve yield shared across issuers. 2️⃣ @sparkdotfi and @Uniswap teamed up to build a stablecoin FX layer with $150M in Uniswap v4 liquidity across USDS/USDT and USDS/PYUSD. 3️⃣ Huma surpasses $15B in PayFi Transactions, continuing to grow at 3x YoY. 4️⃣ SBI Group and Startale Group launched @JPYStableCoin, Japan’s first trust bank-backed yen stablecoin. 5️⃣ Standard Chartered teamed up with @Circle to enable its institutional clients to access USDC stablecoin minting and redemption. 6️⃣ @coinbase partnered with @Spiko_finance for instant stablecoin entry and exit in European UCITS funds. 7️⃣ BNY expanded its relationship with Circle, adding to its institutional-grade stablecoin enablement services. 8️⃣ @SoFi's stablecoin SOFID went from $100M to $300M after expanding to Solana.

Another incredible week for PayFi and our ecosystem partners. From global payment giants to the largest allocators, PayFi was the theme of the past week. Headlines ↓ 1️⃣ @WesternUnion, one of the largest payment networks, launched @USDPT_ on @solana via @Anchorage. 2️⃣ Kraken parent @Payward acquired @reapglobal for $600 million, expanding @PaywardServices with globally regulated card issuance and stablecoin payments. 3️⃣ @Visa expanded stablecoin settlement to Arc, Base, Canton, Polygon, and Tempo as volume reaches $7B with 50% QoQ growth. 4️⃣ @a16zcrypto raised $2.2B for their new fund, highlighting payments and on-chain finance as the leading use cases. 5️⃣ @HaunVentures raised $1B to invest in the new financial infrastructure including payments, banking, capital markets, custody, foreign exchange, as well as the agentic economy. 6️⃣ Huma selected @chainlink’s CCIP for cross-chain expansion of yield products, enabling the expansion of PST across chains while maintaining the highest level of security. 7️⃣ @raincards is now a @mastercard Principal Member. Stablecoin card infrastructure, now with global network reach. 8️⃣ @jpmorgan's 2026 Payments Outlook Report reiterates, “The next generation of payments will be defined by liquidity." 9️⃣ @Tether launched Developer Grants Program to fund local-first AI and payments infrastructure. 🔟 @fun announced $72 million Series A, co-led by @multicoin and @SignalFire to modernize global payments for modern fintechs. 1️⃣1️⃣ @Meta begins offering USDC creator payouts to wallets on Solana and Polygon.

The RWA DeFi & PayFi Summit is in full swing at #Web3Festival# 🇭🇰 Packed room and strong conversations around RWAs, on-chain yield, DeFi integration, and the future of stablecoin payments. Our CEO @mehler delivered a keynote on how payment rails and stablecoins power the next wave of RWA adoption. Co-hosted by @Stable, @AssetoFinance & @dtcpay_official.

Another huge week for the entire PayFi Ecosystem and the partners we’re building alongside. Headlines ↓ 1️⃣ Huma’s PST topped $200M market cap, now one of the fastest-growing yield assets and a top 3 yield-bearing asset on @Solana. 2️⃣ @galaxyhq joined @Morpho as a curator via @FireblocksHQ Earn, launching institutional stablecoin vaults with Huma’s PST among the first assets in the mix. 3️⃣ Nordic asset manager Alfakraft Fonder teamed up with @Bitwise to build digital asset investment solutions for professional investors across Europe. 4️⃣ @Visa launched the Visa Stablecoin Platform with Open USD, enabling banks and fintechs to mint, move, and manage stablecoins across 200M+ merchants. 5️⃣ @circle signed MOUs with Kakao and Toss Bank to explore won-backed stablecoins and USDC payment rails in South Korea. 6️⃣ @Morpho shipped Midnight on Base, enabling fixed-rate, fixed-term lending markets and unlocking new PayFi opportunities. 7️⃣ The Middle East Stablecoin Association officially incorporated in the @DIFC, creating a formal hub for stablecoin policy, research, and industry collaboration. 8️⃣ @FTDA_US forecasts AI Agents driving trillions in blockchain commerce by 2030. 9️⃣ Japan’s AZ-COM Maruwa, a major logistics partner to Amazon, will roll out JPYC stablecoin payments to 2,300 subcontractors. 🔟 @Samsung is adding native stablecoin support to Samsung Wallet, bringing blockchain payments to hundreds of millions of Galaxy users.

Been a huge week for PayFi. History was made with the largest single onchain USDC transfer ever. Headlines ↓ 1️⃣ @ethena allocated $250M to @Securitize’s tokenized AAA CLO fund (STAC) as it deploys on @solana. One of the largest commitments to onchain structured credit. 2️⃣ @Nuvei to acquire @Payoneer for $2.75B, merging payment acceptance with Payoneer’s cross-border payouts, multi-currency accounts, and same day settlement across 150 markets. 3️⃣ @StateStreet Investment Management announced the launch of the State Street Stablecoin Reserves Money Market Fund, a GENIUS Act-aligned money market fund designed specifically for the unique needs of stablecoin issuers. 4️⃣ @Bybit launched RWA Earn with @plumenetwork and @DigiFTTech, bringing tokenized PIMCO and CMBI bond funds onchain. 5️⃣ @masspay partnered with @coinbase to bring stablecoin-powered payouts to businesses across 180 countries. 6️⃣ @Ripple participated in @theflutterwave Series E funding round, marking a strategic partnership centered on integrating RLUSD and XRP Ledger into its PayFi infrastructure. 7️⃣ @Stable joined the @mesh Alliance Program as a Gold member, enabling enterprises to settle USDT-native payments through a single integration, without holding a separate volatile token. 8️⃣ The largest single on-chain USDC transfer ever. @circle transferred ~$4.4B USDC to @coinbase via HyperEVM. 9️⃣ Stablecoin payments infrastructure platform Trace Finance raised $32 million in Series A funding round. 1️⃣0️⃣ @crediblefin partnered with OwlTing Group to power cross-border stablecoin payments between China and India.