Loading
Loading
Case Study
A unified stablecoin + fiat operating layer collapsed treasury, collections, compliance, and settlement into a single workflow.
Live in production · July 2025 · Colombia ↔ China · Hong Kong · Singapore
Executive snapshot
Customer
Mandioca
FinTech · Trade Aggregation
Use cases
Results at a glance
Payment operating costs
Reduction across treasury, collections, compliance, and settlement — from consolidating multiple providers into one operating layer.
Customer overview
Mandioca is a leading fintech platform and trade aggregator serving several hundred enterprises across Latin America — facilitating hundreds of millions of dollars in trade between LATAM and Asia, with a particularly strong presence in the Colombia–China corridor.
Many of its customers maintain a significant portion of working capital in stablecoins to reduce exposure to local currency volatility while preserving liquidity for international trade. These businesses regularly transact with suppliers across China, Hong Kong, and Singapore, where commercial settlements are predominantly conducted in U.S. dollars.
As trade volumes grew, Mandioca sought a payment infrastructure capable of supporting both blockchain-native treasury operations and traditional international banking rails within a single operating model.
Situation
Stablecoin treasury
Protects capital from currency volatility and moves funds efficiently across borders.
Fiat supplier settlement
Suppliers across Asia expect settlement in USD via traditional banking infrastructure.
Reverse flow
Exporters receive USD collections and convert back to stablecoins to improve treasury flexibility.
The friction
Managing these movements required multiple providers, fragmented operational processes, and lengthy customer onboarding — creating unnecessary complexity as Mandioca expanded its trade network.
Task
Business requirement
Objective
Convert stablecoins into USD
Enable supplier payments across Asia
Collect USD globally
Support exporters receiving international payments
Convert USD back into stablecoins
Improve treasury liquidity
Accelerate compliance onboarding
Reduce time to activate new customers
Simplify payment operations
Improve reliability while reducing operational overhead
Scale with growing trade volumes
Support continued expansion across LATAM and Asia
Action · July 2025
Payment flow · Mandioca × Mesta
Bidirectional
LATAM Businesses
Trade aggregation
Stablecoin Treasury
USDC · USDT
USD Collections
Global customers
Mesta
Unified operating layer
China
CNY · Suppliers
Hong Kong
HKD · Suppliers
Singapore
SGD · Suppliers
Infrastructure delivered
Rather than coordinating multiple providers across treasury, compliance, collections, and international payments, Mandioca manages these functions through a single unified infrastructure platform.
01 · Conversion
Stablecoin conversion
Convert stablecoins into USD for international supplier payments.
02 · Accounts
Virtual USD accounts
Receive USD collections from customers around the world.
03 · Reverse flow
USD conversion
Convert incoming USD back into stablecoins for treasury management.
04 · Settlement
Rails & POBO SWIFT
Deliver supplier payments across the United States and Asia.
05 · Compliance
Compliance infrastructure
Streamline sender and beneficiary onboarding at scale.
06 · Operations
Payment operations desk
Proactive monitoring and rapid issue resolution.
Results
Operational impact
Commercial impact
Customer experience
Faster onboarding, quicker settlements, and more reliable payment execution strengthened customer satisfaction — creating a foundation to scale trade network expansion without adding providers.
Conclusion
For businesses engaged in international trade, treasury management increasingly spans both traditional financial infrastructure and blockchain-based assets. Supporting that model requires more than payment processing — it requires infrastructure that can move value seamlessly between both worlds.
By combining stablecoin conversions, virtual USD accounts, compliance, and global payment rails within a single operating platform, Mesta enabled Mandioca to simplify treasury operations, accelerate customer onboarding, and support the continued growth of trade between Latin America and Asia.
Contact
moneymoves@mesta.xyzExecutive briefings · API documentation · Customer references