TruBit and Bridge strategically cooperate to open an efficient channel for cross-border stablecoin payments between the United States and Latin America

BlockBeats reported that on December 12, TruBit, the leading crypto payment platform in Latin America, announced a strategic partnership with Bridge, a global stablecoin payment platform, to jointly launch a low-cost, efficient cross-border payment solution between the United States and Latin America. This move will significantly reduce the cost of traditional cross-border payments and accelerate fund settlement.

According to Forbes, the market value of the stablecoin market has reached $200 billion in 2024 (only $15 million in 2017). Based on blockchain technology and the high liquidity of stablecoins, the cooperation between TruBit and Bridge has reduced the transfer cost to 0.6% - 0.8%, which is much lower than the 5-10% handling fee usually charged by banks. The two parties provide users with a safe, efficient and compliant payment experience through API integration and two-way channels for fiat and cryptocurrency. At present, many Latin American companies have benefited from this solution, with the transfer cost reduced by more than 80% from the previous transfer period of at least five days to the current same-day arrival.

TruBit co-founder and CEO Maggie Wu said: "By working with Bridge, we have achieved seamless payment connectivity across the Americas, significantly reducing costs and enabling nearly instant cross-border transactions." Bridge CEO Zach Abrams added: "This collaboration provides businesses with scalable cross-border financial infrastructure and significantly improves efficiency."