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The Next Bridge.xyz? BlindPay’s CEO Wants to Revolutionize Global Payments

With payment firm Stripe’s recent $1.1 billion acquisition of stablecoin platform Bridge.xyz sending shockwaves through the crypto payments sphere, attention is turning to the next generation of stablecoin payment infrastructure providers.
Among them is BlindPay, a 2024 Consensus hackathon winner and Y Combinator 2025 (W25) batch company that’s taking a distinct approach to the challenge of global payments (if you’d like to apply for the EasyA Hackathon at Consensus Hong Kong 2025, please go here).
While Bridge.xyz captured the U.S. and European markets with its enterprise-focused strategy, BlindPay is betting on emerging markets — particularly those in Latin America — as the key to widespread stablecoin adoption. This focus comes at a time when a16z crypto predicts increasing enterprise acceptance of stablecoins for payments, calling them «the cheapest way to send a dollar.»
«What differentiates us from Bridge is our focus on emerging markets,» says Bernardo Simonassi Moura, BlindPay’s 26-year-old CEO. «We already operate in Argentina, Mexico, Colombia and Brazil, and we have our compliance and regulations in place to onboard customers in those regions.»
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Unlike Bridge’s enterprise-centric model that relies on monthly commitment fees, BlindPay takes what Moura calls a «Shopify approach» of trying to democratize access to global payment rails for small and medium-sized businesses via a transaction-fee model. This strategy aligns with a16z’s prediction that small and medium-sized businesses will be among the first to embrace stablecoin payments in order to avoid the hefty transaction fees levied by traditional finance companies.
Since its launch in July, the approach has proven highly effective, with BlindPay securing 19 customers across gaming, payments, and DAOs, including notable names such as LootRush in gaming and Hifibridge and WalaPay in payments. Monthly payment volumes have grown from $30,000 at launch to over $300,000 recently, and Moura expects that figure to grow to $2.5 million by the addition of new customers.
BlindPay’s competitive advantage lies in its deep integration with Latin American markets, particularly Brazil, where crypto adoption ranks top ten globally, according to Chainlysis. In addition, Moura is focusing heavily on developer experience, drawing on his seven years of experience as a software engineer and product designer. «I always strive to bring the seamless and intuitive developer experience that platforms like Resend, Stripe, Ankey, SVX, and Clerk offer to the Web3 space,» he says.
The market opportunity
BlindPay’s potential market is substantial. The cross-border payment industry, currently dominated by SWIFT, processes approximately $33 trillion annually. Stablecoins, which moved $8.5 trillion in 2024, offer a compelling alternative. «If I want to send money from Brazil to Argentina using stablecoins, it takes 30 seconds, while SWIFT takes five business days,» Moura points out.
Looking ahead, BlindPay’s ambitions extend beyond stablecoin integrations. «We have a long-term strategy of leveraging our team’s fintech experience to launch banking-as-a-service features powered by stablecoins,» Moura says. To that end, the company plans to connect with card networks, enable stablecoin spending through card issuance and facilitate buying tokenized stocks from regulated regions.
With its four co-founders bringing experience from traditional fintech — including Silicon Valley’s Lending Club and Brazilian fintech unicorns — BlindPay is well positioned to bridge the gap between traditional finance and crypto-native solutions. As the stablecoin payment landscape evolves, their focus on emerging markets, developer-friendly infrastructure and developing a comprehensive stablecoin-powered banking ecosystem could prove to be a winning strategy in the race to revolutionize global payments.
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Trump’s Memecoin Dinner Questioned by Top Democrat on House Judiciary Committee

A senior Democrat in the House of Representatives, Jamie Raskin, joined his name to lawmakers seeking answers about President Donald Trump’s recent dinner for top investors in his memecoin, sending questions directly to Trump.
Raskin, the ranking Democrat on the House Judiciary Committee, has been a vocal critic of the president and becomes the latest of many from his party to probe details about the event, which they’ve called out as evidence of White House corruption. Because Raskin is in the minority party, his demands are unlikely to lead to further congressional action unless they regain the House or Senate in next year’s elections.
«I write today to demand that you release the names of all the attendees at this dinner and provide information about the source of the money they each used to buy $TRUMP coins, so that we can prevent illegal foreign government emoluments from being pocketed without congressional consent,» Raskin wrote this week to the president, joining many counterparts in the Senate in seeking the information, including Senators Elizabeth Warren, Chris Murphy and Richard Blumenthal.
«We deserve to know who is paying for access to our president, and what steps you took to ensure that the funds you receive are legitimate and legal, rather than the proceeds from foreign states or monarchs or illegal activities,» Rasking said, specifically highlighting Tron founder Justin Sun, a guest who was a major early investor in Trump’s family crypto operations.
Read More: Democrats Threaten Lawsuits, Join Protests Ahead of Trump Memecoin Dinner
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FTX Repayments May Have Positive Market Impact: Coinbase

The FTX Recovery Trust will begin distributing over $5 billion in cash and stablecoins to creditors starting on Friday, with funds expected to land in accounts within the next three business days via BitGo and Kraken.
And there’s a chance this wave of repayments will help lift the crypto market, analysts at Coinbase wrote in a report on Friday.
It’s the second major round of repayments following the exchange’s collapse. The first, which began on Feb. 18, returned roughly $7 billion to creditors with claims under $50,000. That did little to lift broader crypto markets at the time, which remained under pressure from macro headwinds.
This latest wave of distributions comes as investor sentiment has shifted, the analysts said. Payments will arrive in stablecoins, offering recipients immediate on-chain liquidity, instead of cash and crypto. That could influence whether the funds are reinvested.
There’s also a broader sense of optimism in crypto markets, thanks in part to a rally in major assets and increased political clarity around regulation. Institutional players, in particular, may feel more comfortable acting on incoming funds, especially as Congress moves closer to passing legislation that would define the roles of U.S. regulators overseeing digital assets.
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Judge Declines to Order DOJ to Review Records in Roman Storm Case

The federal judge overseeing Roman Storm’s prosecution declined to order the Department of Justice to review its records for any materials it might have missed that would help the Tornado Cash developer at the end of a 30-minute hearing Friday morning, though she told the government it should not have any disclosure issues.
Judge Katherine Polk Failla also ruled that there were no Brady violation concerns with the Department of Justice’s conversations with the Financial Crimes Enforcement Network (FinCEN) about whether mixers needed to register as money transmitters — the conversation that prosecutors pursuing Samourai Wallet developers had with FinCEN officials, but not the prosecutors on Storm’s case — one of the DOJ representatives said in the phone conference on Friday.
If the judge had found that prosecutors had withheld information, it could affect the case moving forward.
«I’m not going to require a further review based on the representations made that there’s no additional material of this type, and based on my views that I don’t believe the material was exculpatory,» she said.
«There’s a difference between ‘this is something I’d like to know’ and ‘this is a Brady violation,'» the judge said, referring to a Supreme Court precedent that requires prosecutors to share any and all information that might help a defendant with the defendant’s team.
Storm’s defense attorneys argued during the hearing that they needed to know when the prosecutors in their case learned about the FinCEN conversation.
«They do plan to say they’re charging a conspiracy to operate an unlicensed money transmitter,» said defense attorney Brian Klein. «My question is who are they supposed to be licensed with? … this is all in the same issue. They’ve only dropped one subpart … but they’re still going to say they’re charging an unlicensed money business.»
Thane Rehn, a prosecutor who worked on the DOJ case against Sam Bankman-Fried, said that his team wouldn’t argue that Tornado Cash needed to secure a license.
«The word ‘license’ doesn’t apply here and the jury won’t be instructed on licensing issues … what we intend to prove at trial is the defendant knew they were transmitting funds derived from criminals,» he said.
The judge did at multiple points ask the prosecutors if they planned to change any other theories or charges in the weeks leading up to the trial, saying doing so might be unfair to the defense. The trial is supposed to kick off in less than two months.
Read more: DOJ Will Still Pursue Roman Storm Case Despite Blanche Memo, Prosecutors Say
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