Stablecoin Treasury for LatAm SMBs

The real shift was that cash safety itself became the product. After Silicon Valley Bank failed on March 10, 2023, U.S. startups stopped treating a business account like a passive place to park money and started demanding explicit protection for operating cash, either through higher aggregate FDIC coverage via sweep networks or through treasury products that moved excess balances into short term government securities. Kapital is solving the same fear, but in LatAm the threat is currency instability rather than bank failure.

• Mercury captured $2B plus of deposits during the SVB panic, then packaged a simple playbook for founders, keep near term payroll cash in insured operating accounts, move the rest into T bills through Mercury Treasury, and spread balances across partner banks for higher insurance coverage.
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• Kapital translates that same treasury logic into a different local problem. Instead of asking a Colombian or Mexican SMB to choose between one bank and another, it lets them hold part of treasury in USDC next to local currency accounts, then spend from that balance with a card or use it to pay overseas suppliers.
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• The surrounding startup stack in the U.S. filled out fast after SVB. Brex paired checking with treasury and FDIC sweep programs, Meow marketed crypto yield for corporate treasuries, and Vesto built software to monitor and move idle cash, showing that founders now expected active cash management, not just a ledger and routing number.
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This points toward business banking becoming treasury software with money movement attached. In the U.S., that means more bundled sweep, T bill, and cash allocation tools. In LatAm and other volatile markets, it means stablecoin balances becoming a standard treasury layer inside the neobank, then expanding outward into cross border payments, vendor finance, and global dollar operating accounts.