USDC Preferred for Business Treasuries
Fernando Sandoval, co-founder of Kapital, on stablecoins for cross-border payments
Choosing USDC signals that Kapital is selling safety and operational trust, not crypto upside. For a business customer, the product is a dollar parking place and payment rail inside the same account. A company can move part of its treasury from pesos into USDC, spend from that balance with a card, and use the same rail for supplier payments, which makes reserve transparency and regulatory posture more important than trading volume alone.
-
Kapital built the product around business treasury defense. In the interview, the wallet sits next to local currency accounts and is used to protect cash from swings like the Colombian peso moving from 3,200 to 5,000 to 3,800 per USD. Adoption is broad, with almost every onboarded customer taking the stablecoin option.
-
USDC fits that use case because the key buying criterion is perceived safety. Related research ties USDC's lead in LatAm to clearer reserve transparency, while Kapital explicitly contrasts business usage with consumers who may prefer more speculative behavior. For an SME CFO, the coin needs to behave like digital dollars, not a trading instrument.
-
This is different from consumer and informal market behavior, where USDT can be the default savings and payments coin in places like Colombia. Kapital is effectively segmenting the market, USDC for regulated business workflows, while other stablecoins can dominate where liquidity and habit matter more than formal trust signals.
The next step is for USDC to become less a standalone treasury feature and more the invisible backend for B2B finance. As Kapital expands lending, supplier payments, and treasury tools, the winning stablecoin for its customer base will be the one that best supports compliant bank-like workflows across Latin America, which strengthens USDC's position inside business fintech even if consumer flows stay more fragmented.