Reap’s plans suggest a potential use case for local-currency tokens, enabling companies to move money and manage foreign-echange exposure outside banking hours, rather than merely using stablecoins for crypto trading and dollar settlement.
“Demand for non-USD stablecoins is driven by market demand and Reap’s priorities, especially as clients aim to get a more localized and cost-efficient experience,” Guo said.
Reap holds VPIM licenses in Hong Kong and Mexico, making the peso token a practical first addition. It is also considering Hong Kong dollar, euro, won and yen stablecoins for onchain 24/7 foreign exchange, Guo said, without providing a rollout timetable or naming the prospective issuers.
The company said it is integrating stablecoin settlement into a broader product suite that includes cards, cross-border payouts, treasury tools and compliance and fraud controls. Reap’s card and payments volume rose 33% year over year…
