Jeeves has unveiled a new cross-border payments infrastructure called Jeeves Instant Pay and introduced a corporate card backed by stablecoin-based treasury balances for Latin American businesses with U.S. entities. The company said the launch enables businesses incorporated in as many as 191 countries to open corporate accounts and settle international payments in minutes across active payment corridors. The announcement reflects a broader push to modernize business payments in Latin America, where cross-border transactions often remain slow, costly, and operationally fragmented.
A response to longstanding payment friction
The new offering is aimed at companies that regularly move funds between Latin America, the United States, Europe, and Asia, particularly those managing suppliers, imports, and exports across multiple jurisdictions. In many cases, these businesses still rely on traditional banking rails that can take two to five business days to complete transfers, while also exposing them to opaque fees, banking-hour limits, and multiple intermediary handoffs. Jeeves says its new infrastructure addresses those pain points by using stablecoin rails behind the scenes while preserving a familiar fiat-based experience for finance teams.
Treasury efficiency as the central value proposition
Jeeves is positioning Instant Pay primarily as a treasury tool rather than as a crypto product, emphasizing speed, liquidity management, and operational control for corporate finance departments. By reducing settlement times from days to minutes, the company argues that businesses can free up working capital that would otherwise remain tied up in transit, while also lowering exposure to foreign exchange volatility and unpredictable intermediary charges. The platform is also designed to improve visibility over cross-border transactions and make reconciliation easier by consolidating payment activity into a single operating environment.
Stablecoin wallets and network expansion
At the core of the rollout are dedicated corporate stablecoin wallets denominated in digital dollars and euros, which Jeeves says are intended to function as a programmable treasury layer for international settlement. These wallets allow businesses to hold balances linked to USD and EUR while continuing to manage reporting and accounting through conventional financial workflows, which the company says reduces friction for adoption among mainstream finance teams. Jeeves added that more than 50 percent of its international payment volume already runs on stablecoin-powered rails, and that this segment has grown 400 percent quarter over quarter, suggesting stronger corporate acceptance of blockchain-based infrastructure when embedded within regulated business tools.
Corporate card for Latin American companies with U.S.entities
Alongside the payments network, Jeeves introduced what it describes as the first corporate card backed by stablecoin-based balances for Latin American companies operating through subsidiaries or parent entities in the United States. The structure is intended to let businesses fund corporate spending more efficiently by bridging treasury balances and operational expenses faster, reducing delays between capital allocation and real-world use. For companies managing payroll, vendor payments, marketing budgets, and international expansion, the integration of stablecoin wallets and corporate cards is designed to centralize treasury operations on one platform and improve the speed of capital deployment.
Compliance, execution, and market positioning
Jeeves said the platform operates under business compliance standards, including know-your-business checks and anti-money laundering controls, and that the service is built exclusively for business-to-business use. In practice, the company says a client initiates a transfer in its available fiat currency, Jeeves moves the value through stablecoin infrastructure, and the recipient receives funds in the relevant currency through a bank account or local payment rail, though final deposit timing may still depend on local banking hours in some markets. With the launch, Jeeves is reinforcing its position as a financial platform for globally active businesses and signaling that Latin America is becoming an increasingly important region for faster, more traceable, and more efficient corporate payments.
The launch marks a significant step in Jeeves’ effort to combine global accounts, cross-border payments, and corporate spending products into a single financial stack for multinational businesses. Backed by investors including Andreessen Horowitz and Y Combinator, the company says it processes billions of dollars annually for more than 5,000 customers worldwide, underscoring the scale at which it is pursuing expansion. As finance teams look for faster settlement, better visibility, and tighter control over international cash movement, Jeeves is betting that stablecoin-based infrastructure can move from niche innovation to practical business standard.