Accepting crypto payments for the sale of goods and services and using stablecoins for cross-border payments and repatriation of funds from a foreign jurisdiction to a home country remain early-stage business opportunities among merchant acquirers’ payment service providers (PSPs), but the market is moving.

Stripe’s $1.15-billion all-cash acquisition of stablecoin platform provider Bridge, which closed in February 2025, heralds the traction.

To start accepting and sending stablecoins, legacy payment industry companies need a digital asset operations platform that integrates with their gateway. Utila provides that platform on a software-as-a-service (SaaS) basis.

The company, which recently raised $18 million in a Series A funding round, is handling $8 billion in stablecoin transactions monthly and expects to be at the $1-billion-a-day mark by the end of this year.

Utila’s digital asset adoption technology is enterprise-grade and was designed for the high-speed operations needed by payment service providers, payment gateways, issuers of stablecoin products, neobanks and others.

The Utila platform, which was built by cryptography and cybersecurity experts, is agnostic to blockchains and can create and manage wallets on multiple blockchains. Users can manage their own stablecoin treasury.

It enables organizations to assign roles and set approvals based on multiple parameters, offers a tokenization engine and allows for many integrations of relevant support products and services such as disaster recovery, connections to exchanges and anti-money laundering tools.

Customers pay a monthly fee and usage fees priced on a tiered level based on the number of transactions processed or wallets managed.

Utila has customers in Asia-Pacific, Europe, Latin America, Middle East, Africa and the US. The mix is divided between midsized (70%) and enterprise-sized (30%) entities.

Payment providers that use Utila include DMALink, Axepay, MS Pay, Prosper and DTR.