SquareFi has emerged from stealth with a stablecoin-enabled financial infrastructure platform targeted at fintechs and international platforms. The company debuted after processing $250m in transaction volume.
In a statement, SquareFi said its product is an API-first stack intended to help businesses move funds, launch financial services, and manage cross-border operations. The company said the platform supports activity in more than 150 countries and in more than 25 currencies.
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SquareFi co-founder and CEO Denis Spasibo said: “Stablecoins will be the backbone of the modern financial system.
“In our conversations with businesses, the same challenge kept coming up: they couldn’t easily connect money, stablecoins, and payments, and ensure compliance. We built the infrastructure to make all of these systems work together, and the growth we’ve witnessed proves that this gap is real and urgent.”
The company said its infrastructure includes business accounts with named IBANs, card issuing for virtual and physical cards, integrated crypto wallets, and fiat-to-crypto conversion. It also offers on-ramp and off-ramp functionality within the same platform.
SquareFi said it connects to multiple payment rails, including SWIFT, SEPA, ACH, WIRE and local rails. The company said stablecoins serve as an internal settlement layer for cross-border transfers. It said this approach is designed to lower transaction costs and speed up settlement, while maintaining compliance.
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By GlobalDataSquareFi said the platform is built for B2B use cases such as multi-party settlements, cross-border payroll, crypto-to-fiat and fiat-to-crypto flows, and programmatic payments. The company said customers can access the service through direct API integration, via a white-label deployment, or as an end-to-end branded solution.
SquareFi co-founder and CPO Anton Lobintsev said: “Every system, from SWIFT to onchain settlement, was built in a different decade with different assumptions. Nobody designed them to work together. Businesses have been paying the price for that ever since, patching together workarounds that add cost, delay, and risk at every step.
“The financial industry spent decades pretending that wasn’t a problem, but stablecoins made it impossible to ignore. We’ve spent the last year building the new infrastructure that solves this fragmentation.”
