Wello

Wello is a stablecoin-based cross-border payment platform built on the BNB Chain. Its core service allows users to deposit local fiat currencies (via bank transfers, cards, or mobile wallets), convert them into USDC, and send payments globally. The platform also offers a QR payment rail for merchant acceptance, enabling stablecoins to be spent in real-world retail scenarios.

The company's key value proposition is "fiat on/off-ramp simplicity": it handles KYC, compliance, and liquidity routing so end users can move money across borders without needing to understand blockchain technology. Compared to traditional remittance services, Wello claims lower fees and faster settlement by leveraging stablecoin infrastructure.

In the past six months, Wello has expanded its coverage to over 100 countries and 120+ local currencies, with a particular focus on emerging markets in Africa, Latin America, and Southeast Asia. The platform has also made progress on regulatory compliance, obtaining a VASP license in Europe and a DCE license in Australia, with applications underway in the UAE and under MiCA frameworks. Its QR payment network has been rolled out in select pilot markets, allowing users to pay at local merchants using USDC.