Xapo partners with BVNK to power global stablecoin deposits
In 2025, Xapo VASP, the Virtual Assets Services Provider of the Xapo Bank Group, partnered with BVNK to enable seamless stablecoin deposits, giving their users a faster, more affordable way to fund their USD accounts from anywhere in the world.
The challenge: Making dollars accessible globally
For millions worldwide, accessing US dollars remains challenging. International wire transfers are slow, expensive, and often unavailable to those who need them most. In regions with high inflation, this isn't just inconvenient, it's financially devastating.
“For people in South America, Southeast Asia, and other regions, using stablecoins isn't a preference, it's necessity," explains Anton Iribozov, Product Manager at Xapo. "It's the only reliable way to move funds internationally and protect against inflation.”
Xapo was already seeing more than 55% of all deposits coming through stablecoins, but customer demand was shifting toward networks like Tron and Solana, where transactions settle faster and cost significantly less than other networks like Ethereum.
The solution: Flexible stablecoin infrastructure with BVNK
The Xapo Bank group selected BVNK to power their stablecoin deposits for three critical reasons: flexibility, speed to market, and technical expertise.
How it works:
1. A Xapo member sends stablecoins from their wallet to their Xapo Bank account. BVNK processes the transaction through our enterprise-grade infrastructure.
2. Funds are auto-converted and appear in the member's USD account at Xapo Bank, where they earn annual interest paid daily in Bitcoin (powered by Xapo Bank).
“We needed a partner who could help us scale quickly as the stablecoin landscape evolves. BVNK has the payments, stablecoin and regulatory expertise we need. Working with them feels more like partnering with a tech company than a traditional institution – they provide the infrastructure that lets us adapt to whatever networks our members prefer.”
The results: Faster deposits globally
Within just three months of launch, Xapo processed over $32 million in stablecoin deposits through BVNK's infrastructure and members in 100+ countries can now fund their accounts in seconds rather than days.
"This is what banking should look like in 2025, programmable, global, and built for speed,” notes Iribozov. "By partnering with BVNK, we've eliminated friction that stood between our members and their money."
As stablecoins continue transforming cross-border finance, the Xapo Bank group and BVNK are planning to add support for additional networks and assets, ensuring members have access to the most efficient financial rails available.
“Customer behavior is driving this shift. More than half of our USD inflows are now coming through stablecoins. This isn't an experiment, it's an upgrade to how global users move money."
