Jeeves introduces instant stablecoin-based payments and corporate cards that reduce cross-border settlement times from days to minutes. Jeeves launches Jeeves Instant Pay and the first stablecoin-backed corporate card specifically designed for Latin American businesses with operations in the United States. This new financial infrastructure enables corporations in 191 countries to open accounts and settle international payments within minutes using digital asset rails. The technology aims to address the systemic inefficiencies found in traditional banking corridors that hinder global commerce.
“Seeing a corporate client try Instant Pay for the first time and realize that a payment from Brazil to the United States, or even to China, can settle in 10 minutes is what modern infrastructure makes possible,” says Dileep Thazhmon, CEO and founder, Jeeves. “That same transfer typically takes 24 to 48 hours. It feels like operating in the year 2050.” “That same transfer typically takes 24 to 48 hours.” It feels like operating in the year 2050.
“International trade in Latin America faces structural obstacles that limit the operational efficiency of organizations, says Jeeves.”
In the conventional banking model, cross-border transfers depend on a network of correspondent banks and legacy protocols such as the SWIFT system.
This architecture results in settlement times that range between two and five business days.
Such latency generates the phenomenon of trapped capital, where the financial resources of a company remain immobile during transit, negatively affecting cash flow and operational liquidity, argues the company.
For sectors such as agribusiness in Brazil, importers in Mexico, and exporters in Colombia, the reliance on restricted banking hours and exposure to fluctuating exchange rate margins during the transit period represents a constant financial risk, says Jeeves.
The fragmentation in accounting reconciliation, caused by the intervention of multiple intermediaries, adds a layer of technical and administrative complexity that increases operating costs.
Jeeves explains that the adoption of distributed ledger technology and stablecoins emerges as the technical solution to these bottlenecks.
By using these assets as transmission rails, it is possible to perform value transfers 24 hours a day, seven days a week.
This method eliminates the dependency on the operating cycles of traditional banking institutions and reduces friction in high-demand corridors, such as those connecting Latin America with the United States, the European Union, and Asia.
Stablecoin infrastructure now powers more than 50% of the international payment volume for Jeeves.
This segment has experienced a growth rate of 400% quarter to quarter.
This trend reflects an increasing corporate adoption of blockchain-based infrastructure when integrated into regulated and accessible financial workflows.
Business entities that operate in global markets require tools that provide the same immediacy for capital as they do for information.
This infrastructure allows companies to manage programmable treasuries without the necessity of interacting directly with the volatility typically associated with crypto assets.
The system operates under a model of technical abstraction: the issuing company initiates the transaction in its available local or fiat currency; Jeeves processes the movement of value through stablecoin rails; and the final recipient obtains the funds in the corresponding currency, such as US dollars, euros, or Chinese yuan, directly in a bank account or an enabled local rail.
This process ensures that the user experience remains within the parameters of standard corporate banking, while the efficiency is derived from blockchain technology.
Currently, active corridors include routes originating in Mexico, Brazil, the United States, and the European Union.
A significant addition is the enablement of disbursements to China, which allows Latin American companies to pay Asian suppliers with settlement in Chinese yuan or US dollars in a fraction of the time required by the traditional system.
A central component of this launch is the corporate card designed specifically for Latin American companies that maintain legal entities in the United States.
This financial instrument allows organizations to fund their operating expenses using balances derived from their stablecoin-based treasury infrastructure.
The integration of digital wallets in US dollars and euros with a corporate spending card creates a direct capital bridge between jurisdictions, says Jeeves.
This integration reduces the time required for internal fund transfers and optimizes the allocation of capital for payroll, suppliers, and digital marketing.
This product aims to support the high-growth companies in the region, such as startups and multinational corporations, enabling them to maintain holding structures in the United States.
The Jeeves card centralizes the management of these resources on a single platform, allowing for total traceability of capital movements and simplifying the processes of auditing and accounting compliance.
By removing the friction associated with moving capital between different jurisdictions, companies can focus on scaling operations rather than managing administrative delays.
Jeeves explains that the launch of these services provides a measurable impact on treasury management in three fundamental areas:
Liquidity Optimization: Reducing settlement times from several days to minutes releases capital that was previously immobilized, allowing for immediate reinvestment in operations.
Mitigation of Exchange Rate Risk: By accelerating the transaction, the window of exposure to exchange rate fluctuations between the time of issuance and the receipt of payment is reduced.
Reconciliation Efficiency: The unified platform allows for real-time tracking of funds, eliminating the opacity of intermediation costs and simplifying the administrative burden for accounting teams.
Thazhmon says that companies should not have to wait days for international payments to process when technology allows value to move in minutes.
By combining stablecoin-powered infrastructure, global account opening, and corporate cards, Jeeves provides financial teams with the tools to operate globally with greater speed, visibility, and control.
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