Zoth expands zPayments to Base, targeting $6B in annual cross-border stablecoin payouts

Zoth, a Dubai-headquartered stablecoin neobank, has launched its zPayments platform on Base, Coinbase’s Layer 2 network. The move enables businesses to send instant, compliant stablecoin payouts in local currencies across 171 countries, powered by USDC. In its first year of operation, zPayments processed over $500M in transaction volume, averaging roughly $40M per month with a 99.1% success rate. Now it wants to multiply that figure by more than tenfold, targeting $6B in annual volume. From managed desk to self-serve platform What started as a managed settlement desk has evolved into a self-serve model where businesses can initiate cross-border payouts on their own. Traditional money transfer services typically charge between 3% and 6% per transaction and take several business days to settle. Zoth claims its payouts settle within minutes at costs up to 80% lower than those legacy rails. The platform uses USDC as its primary stablecoin, converting it to local currencies through licensed partners on the ground. Zoth has built out a network of over 200 banking partners to handle the last-mile conversion and compliance requirements in each jurisdiction. Initial geographic coverage lean...