Understanding founding coverage.
75+ markets describes the aggregate founding-partner coverage baseline used in today’s site presentation. It is not Plexo’s own licences, guaranteed execution capacity or the availability of every corridor.
Source: Plexo’s reporting of the combined operating reach of its founding partners, alongside the founding-cohort announcement below. A separate measurement date and detailed counting methodology for the 75+ aggregate are not published.
The original announcement reported 75 markets. That number remains unchanged in the historical text. The newer “75+” presentation does not establish a new measurement date.
Only participants already named in this public announcement appear here. The full network, institution-level capabilities and counterparties remain access-controlled.
Editorial note added 17 September 2026.
PRAGUE / WILMINGTON, DE. 1 September 2026.
Connectivity in cross-border stablecoin payments is solved. Everything between the institutions moving that money is not: no directory of counterparties, compliance documents still sent by hand, and liquidity that does not cross issuers or chains. Plexo’s founding cohort is building the layer that closes all three.
Plexo, the coordination network for financial institutions, today announced that Hercle, TradeVu, Echo Money, Kii Global, Zynta, Zuba and Schuman Financial have joined its founding cohort alongside 18 additional licensed financial institutions. Together, the 25-member group spans on-ramp and off-ramp providers, payment aggregators and remittance companies across 75 markets in Africa, Latin America, Asia and Europe.
Cross-border stablecoin volume has grown fastest in the corridors correspondent banking retreated from, and hundreds of licensed on-ramp and off-ramp providers now serve them. Connectivity is not the bottleneck.
What is missing is everything between those providers, and it divides into three layers. There is no directory where a licensed institution can find a qualified counterparty in a given corridor. Compliance documents still move between payment and crypto-asset service providers by hand, over WhatsApp, email and shared drives, while the documentation supervisors expect keeps growing. And liquidity does not cross issuers or chains, so USDC and USDT, Tron and Polygon, remain separate worlds.
The result is a market shaped like banking before 1973: a skyline of well-built institutions with no roads between them. Opening one corridor takes three to six months, and the second costs as much as the first.
Plexo builds the roads. Members complete one compliance profile, covering licences, incorporation documents and beneficial ownership, and reuse it with every counterparty instead of assembling it again. Each side reviews the other before any funds move. Settlement happens directly between the two institutions, in whichever stablecoin and on whichever chain they already use, and every transaction closes with a shared evidence bundle that meets Travel Rule obligations and is available to both sides.
The network is issuer-neutral and chain-neutral by design, supporting USDT, USDC and others rather than routing members into a single issuer’s closed network.
“No single company can cover every stablecoin corridor with its own ramps. Licences, liquidity and local strength are spread across dozens of strong operators. Plexo’s job is to make partnering between them easy, with every member offering the network the corridors it is genuinely best at,”
Plexo coordinates; institutions execute. The network never touches the money flow, and members retain their own approval obligations.
Membership is subject to institutional qualification. Licensing, AML programme and operational readiness are reviewed before activation. The network is in its founding phase, with API-assisted execution planned as transaction activity expands.
Publication context.
References to planned APIs, timelines and regulatory evidence above are statements from the historical release, not a representation that a feature is currently available or that Plexo grants regulatory approval. For the current process and responsibility model, see How it works.
The wider founding footprint.
The earlier Plexo website reported 44 currencies, 75 markets and 5 regions in the founding partners’ combined operating reach. These are historical company-reported figures, not today’s live network availability.
They describe different dimensions of the same starting footprint, not additional coverage. A detailed currency list, regional counting method and independently verified measurement date are not published here; the current 75+ presentation does not update those historical counts.
Source: the earlier Plexo Global founding-partner footprint. The earlier site labelled this snapshot “as of 13 July 2026”; this is the source’s reporting date, not an independently verified measurement date. No institution-to-corridor mapping is disclosed.
Announcement artwork.
Original co-branded materials from the 1 September 2026 release, for reporting on this announcement.
These materials identify participants named in the historical announcement, not the full or current network. They do not imply live corridor availability or additional endorsement.