Hong Kong Fintech Reap Integrates Paxos Stablecoin for Business Payments

Hong Kong's fintech scene just got a major crypto injection—Reap is now using Paxos stablecoins for business payments.

Why This Move Matters

This isn't just another payment option. It's a direct shot across the bow of traditional cross-border finance. Reap's integration lets businesses settle invoices and move funds globally using blockchain rails—cutting out the usual banking middlemen, their delays, and their fees. Think of it as a corporate-grade stablecoin pipeline, built for speed.

The Stablecoin Advantage

Paxos brings the regulatory muscle. Its stablecoins are built for institutional use, offering the price stability of the dollar with the 24/7 settlement of crypto. For businesses tired of waiting days for international transfers or dealing with FX markups, this is a tangible alternative. It bypasses the old correspondent banking network entirely.

A Signal for Asia's Finance Hub

Hong Kong's push to become a digital asset hub gets real-world validation here. When a homegrown fintech adopts a regulated stablecoin for core operations, it signals a market that's moving beyond speculation into utility. Other regional players are watching—this could set a new operational standard.

The Bottom Line

Reap's play is a pragmatic step toward a more efficient financial layer. It leverages crypto's best trait—frictionless value transfer—and applies it to a perennial business pain point. Sure, some traditional finance veterans might scoff, calling it a solution in search of a problem. But those are often the same folks who thought the internet was just for email. The race to rebuild business payments is on, and blockchain is providing the new track.

Hong Kong-based business payments platform Reap has integrated Paxos' USDG stablecoin into its infrastructure, enabling regulated dollar settlement for corporate clients across Asia, Africa, and Latin America, the company announced today in a statement.

The MOVE allows Reap's customers, including payment institutions, neobanks, and multi-market corporations, to access 24/7 USD settlement through USDG, a dollar-pegged token issued by Paxos Digital Singapore under Monetary Authority of Singapore supervision and compliant with the EU's MiCA regulation.

"Joining the Global Dollar Network allows us to deliver faster and more capital-efficient settlements for web3 clients or traditional enterprises modernizing their financial operations," said Daren Guo, Reap's co-founder.

Reap operates stablecoin-enabled corporate card programs and cross-border payment rails targeting emerging market corridors where dollar-denominated transactions dominate.

The integration connects Reap to the Global Dollar Network, Paxos' enterprise-focused stablecoin ecosystem. Reap said it plans to embed USDG across its card issuance, treasury management, and expense tools, allowing finance teams to move between blockchain and traditional banking rails within a single platform.

"Enterprises are asking for trusted, interoperable digital dollars they can plug into existing payment and treasury systems," said Nick Robnett, head of crypto business at Paxos. "Reap meets that need across multiple markets."