Reap Targets 5-7% FX Fees with Peso Stablecoin Launch

Reap plans to launch a Mexican peso stablecoin to cut cross-border transfer fees of 5% to 7%. The move enables round-the-clock foreign exchange settlement outside traditional banking hours.

The Payward-backed firm will expand its token portfolio to include the euro, won, and yen. This strategy targets the gap between continuous blockchain operations and limited banking access.

Local Currency Tokens Target FX Gaps

Founder Daren Guo stated that nearly 99% of stablecoin payments are dollar-denominated. This mismatch ignores local commercial activity and inflates costs for non-USD markets.

Reap aims to provide localized, cost-efficient experiences for clients managing foreign exchange exposure. The company will integrate these tokens into its card and treasury product suite.

Visa Partnership Drives Settlement Infrastructure

Visa provides the network-level settlement infrastructure for Reap’s stablecoin transactions. Reap handles regulated card issuance and compliance across more than 100 markets.

Stephen Karpin, Visa’s Asia-Pacific president, described blockchain and banking as complementary systems. The collaboration focuses on reducing friction while maintaining interoperability with existing financial rails.

Revenue Growth Supports Strategic Expansion

Reap reported a 33% year-over-year increase in card and payments volume in early 2026. The company’s revenue and volume tripled during the previous year.

CoinDesk reported that Reap is exploring tokens for the Hong Kong dollar and yen. The firm has not provided a specific rollout timetable or named prospective issuers.