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Neri Oxman launches OXMAN, a revolutionary practice transforming design generation, manufacturing, and construction for the simultaneous benefit of humans and the natural environment

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Groundbreaking company advances design innovation at the intersection of computational design, robotics, green chemistry, and ecological engineering

OXMAN also announces a partnership with Goodman Group, focused on maximizing the positive impact of built structures on the environment

NEW YORK, Oct. 1, 2024 /PRNewswire/ — Neri Oxman has announced the launch of OXMAN, a design lab whose mission is to create and deliver nature-centric products and environments to its clients and the natural world. Bringing together computational design, robotics, materials science, green chemistry, biology, and ecosystem engineering, OXMAN’s work reinvents the industrial systems that dictate how we design and produce everyday things—from the foods we eat and the clothes we wear to the buildings we inhabit.

OXMAN operates on three scales of design: product design, architectural design, and molecular design. The lab and the projects that it undertakes – currently focusing on fashion, architecture, and scent design — are intertwined such that inventions made in one domain inform innovations in another. The lab creates fully integrated systems that unify design, materials, production, and decomposition, to create positive impacts across the lifecycle of products and buildings.

“We are a design and innovation company that creates new technologies, products, and environments across a range of scales and applications, from the molecular to the urban scale,” remarked Dr. Neri Oxman, Founder and CEO, OXMAN. “We advocate for synergy between biology and technology, moving towards products and buildings that are designed for the immediate and long-term well-being of human civilization and the natural world.”

OXMAN, established in 2020, has recently completed the construction of the OXMAN lab, designed in collaboration with Foster + Partners; expanded the OXMAN team, and developed cutting-edge innovations and inventions. Led by Dr. Oxman, the OXMAN team includes architects and product designers, biomedical, mechanical, and textile engineers; molecular biologists, chemists, and materials scientists; data visualization specialists, computational and parametric designers, instrument makers, and other expert creators.

OXMAN’s work challenges the status quo of product, architectural, and molecular design by creating products that can grow and decompose with beneficial properties for soil microbiomes, urban masterplans designed to rewild ecosystems, and molecular compounds that encode signals of biodiversity and resilience, respectively.

Overview video: https://youtu.be/O54zJTBMnP0

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THREE PRACTICE AREAS

OXMAN’s ethos is rooted in Material Ecology, a design approach developed by Dr. Oxman at the Massachusetts Institute of Technology (MIT) in 2006. The approach considers all aspects of design – from generative design through material sourcing and processing, digital fabrication, and construction, to end-of-life scenarios – as part of the natural ecology. OXMAN believes that manmade materials and constructs have a holistic relationship with the environment and should be designed to maximize their net positive contributions to it. The principles of Material Ecology aim to reduce the dimensional mismatch between things that are made and things that are grown; for example, by increasing the resolution of the design space to match that of biological systems, and/or by creating design systems that can adapt and respond to their environment in real-time.

OXMAN’s long-term vision is to impart positive impact upon the natural environment through systems that unite top-down planning and engineering, with bottom-up emergence and growth. A summary of OXMAN’s long-term goals, recent inventions and how they revolutionize current practice follows below.

Scale

OXMAN Goals

OXMAN Inventions

OXMAN Transformations

Product

Design the lifecycle of consumer goods to borrow matter and energy from the natural environment and return them upon obsolescence.

A revolutionary class of biologically programmed, computationally grown, and robotically manufactured shoes and textiles that are 100% biocompatible and biodegradable, and made with no microplastics.

In place of assembling discrete parts, each with their own inert material and homogeneous properties, OXMAN cultivates biocompatible mono-materials characterized by highly tunable property gradients and multi-functionality.

Architectural

Promote the biodiversity, resilience, and productivity of ecosystems for the mutual empowerment of humans and the environment.

A software environment that applies computational decision-making algorithms to master planning approaches that incorporate ecosystem engineering principles.

In contrast to ‘net-zero’ construction – which aims to minimize negative impact – OXMAN seeks to maximize ecological well-being through new forms of ecological construction.

Molecular

Simulate, revive, restore, and rewild ancient and novel ecosystems, capturing molecular “signature compounds” of biodiverse, resilient, and productive environments.

Data-driven grow rooms (or “Capsules”) that enable the revival and restoration of ancient and/or struggling ecosystems, including the creation of ancient smells that embody biodiverse and resilient environments.

Rather than producing and consuming monocultures, OXMAN pursues the study of ancient ecosystems – as well as the exploration of novel ones – that sustain diverse, internally regulated, and highly networked life-forms.

 

PROJECT DESCRIPTIONS
OXMAN’s current work includes three initiatives and platforms. Developed in complementarity, OXMAN’s work propagates the company’s foundational precept that the design of anything and everything need not be harmful to the environment and can indeed be designed to remediate, replenish, and even rewild existing ecosystems.

Oo (pronounced “O-Zero”) explores how designed objects can borrow – rather than consume – matter and energy from the natural world and return them upon obsolescence. It is driven by the belief that the lifecycles of consumer goods can be designed from end-to-end to embody the growth and decomposition of ecosystems.

By defaulting to over-engineered assemblies of diverse materials, each requiring different manufacturing and disposal processes, human-made products cause health and environmental harm while struggling to match the performance and sustainability of natural material systems. OXMAN is focused instead on creating consumer products made from one material class, using one machine, under one roof.

The Oo platform is a vertically integrated approach to biopolymer design, digital fabrication, and programmable decomposition. It removes the complexity involved in fabricating objects by tuning polyhydroxyalkanoates (PHAs), a single, versatile material class known for its biodegradability in ambient conditions. PHAs are produced by bacteria fed on abundant natural resources such as atmospheric carbon dioxide, methane, and food waste. OXMAN’s compact robotic system 3D prints custom PHA blends onto a textile that is 3D knitted from a PHA-based yarn produced through a process of extrusion and melt spinning. Interlacing fibers to create shape and movement eliminates the cut-and-sew and adhesion processes associated with traditional assembly lines. As a result, the Oo knitting technology approaches a zero-waste process.

Oo knitting technology first appears in a collection of fully biodegradable shoes made entirely from PHAs. It embodies the versatility of PHAs by incorporating them as knitted textiles and 3D printed elements in precise designs informed by the kinetics of human motion. The heart of each shoe is a unifying base layer of a knitted sock. Given the shoe’s intent (e.g., ballet slipper, shoe, clog), outer layers are printed on the knitted textile to provide specific functionalities such as reinforcement, cushioning, strength, and pliability. The versatility and automation built into the Oo platform enable rapid iterations and an accelerated development process from design to production.

The material for all components of the Oo products is produced and can be consumed by bacteria. This circular process points to a future where biodegrading products can nourish the soil from which they originate, growing from and reincarnating into plant matter. Dr. Oxman summarizes the project as: “100% PHA, 100% biodegradable, 0% microplastics, infinite life.”

EDEN explores how structures and landscapes can enhance – rather than degrade – ecosystems for the mutual empowerment of humans and the natural world. It is driven by the belief that buildings can be designed and used in ways that help rewild ecosystems.

By neglecting non-human organisms and ecosystems, modern-day building and planning practices contribute to habitat loss, environmental pollution, and biodiversity loss. OXMAN seeks instead to design structures that not only meet the needs of human occupants but also promote biodiversity, resilience, and the performance of critical ecosystem services.

OXMAN proposes a new paradigm for architectural design called Ecological Programming whereby structures and spaces are designed to not only meet the needs of human occupants but also promote biodiversity, ecosystem resilience, and the performance of critical ecosystem services, i.e., the production of environmental outputs that humans rely on. OXMAN applies a novel design approach called “generative optimization” that applies computational decision-making algorithms to site-specific data to refine a vast solution space of architectural configurations over many iterations. The team has also developed a suite of “rapid environmental simulation” tools that can be leveraged to determine which design solutions will yield the greatest positive environmental impacts. Factors considered as part of the optimization process include environmental conditions, habitat connectivity, resource availability, ecosystem stability, and the provision of specific ecosystem services such as carbon sequestration or air purification.

In a case study project entitled EDEN Tower, OXMAN proposes a novel urban typology that integrates living spaces with ecological infrastructure. Grassland and forest ecosystems growing on the tower exterior manage regulating services for thermal buffering and other natural processes. Transparent interior spaces facilitate human-centered cultural services such as recreation and education. Interstitial zones host services for provisioning material resources such as timber from a young forest, and foraging and pollination processes in flower meadows. While the tower provides a base for ecosystems to flourish, the ecologies, in turn, generate essential ecosystem services that support human life, fostering a symbiotic relationship of collaboration and cohabitation between the natural and the constructed.

OXMAN has partnered with Goodman Group (ASX: GMG) to further the work of maximizing the positive impact of built structures on the environment. Goodman, a AU$69 billion market cap global company headquartered in Australia, is a provider of essential infrastructure with a development and management portfolio of high-quality, sustainable logistics properties and data centers in major cities worldwide. In line with its commitment to reduce the environmental impact of its built work while enhancing social benefits, Goodman has commissioned OXMAN to conduct studies that will inform future building practices and extend beyond sustainability to promote ecological well-being and the rewilding of ecosystems. Click here for more information on the Goodman-OXMAN partnership.

ALEF explores how the production of ingredients for foods, fragrances, and flavors can add to – rather than subtract from – native plant life, soil fertility, and bacterial composition. It is driven by the belief that molecular goods can be designed to revive ancient ecosystems and drive overall health in future ecosystems.

By growing the same species in the same field, year after year, modern agricultural practices of continuous monocropping lead to unstable ecologies vulnerable to soil degradation, water contamination, and rampant pests and diseases. OXMAN is instead working to design polycultures that reflect natural ecosystems and empower multiple species in the same region to interact in mutually beneficial ways.

The ALEF platform is a combination of technologies for polyculture research and engineering. Novel sensors decode the dynamic chemical signals released by bacteria, plants, and entire ecosystems. Each signal is a unique composition of biogenic volatile organic compounds (bVOCs), often carrying an associated smell.

Smells can be collected and recreated from real-world, simulated, and designed ecologies to access new information about species composition and the state of various ecological systems. OXMAN has developed four specialized grow rooms, called “Capsules,” that can each be programmed with custom organisms, temperature, light, humidity, and airflow to target a unique ecological challenge.

“From a biodiversity chamber designed to study and heal a struggling ecosystem to a ‘scent computer’ designed to concoct a functionalized fragrance with no harm to the environment, we seek to advance our understanding of the natural world while offering alternatives to methods of designing molecular goods that rely on monocropping,” remarked Dr. Oxman. “In fact, we are currently working on developing one of the most ecologically biodiverse environments in New York City, and it is thriving in our lab.”

OXMAN currently targets two main pathways: restoring and monitoring an ancient ecosystem and developing synthetic biology tools for bVOC research. In the former, OXMAN has used a Capsule to revive the ancient Oak-Tulip Tree Forest. While individual species are not all extinct, the natural ecology of the forest no longer exists in its entirety – until now. OXMAN’s “surrogate ecology” is historically accurate beyond the selection of plants: DNA sequencing was implemented to identify the trillions of soil microorganisms; species distribution was computationally designed; and the environmental conditions mimic weather patterns from the earliest recordings in Manhattan. Remnants of the ecology still exist in the New York Botanical Garden (NYBG). Courtesy of NYBG, OXMAN has collected on-site bVOC samples over four seasons. The two environments – the wild forest and the controlled lab – are connected via custom-designed sensors that create a conduit for real-time communication.

By deciphering the language of biological communication, OXMAN generates insights that have the potential to inform molecular design across domains, including horticulture and companion planting design, agriculture, scent and flavor design, aromatherapy, cosmeceuticals, and more. These insights provide a deeper understanding of what constitutes a healthy ecosystem, the range of potentially beneficial interventions, and new ways to resurrect ancient ecosystems and promote biodiversity worldwide. OXMAN aims to extend its work in this area to advances in human health and precision agriculture.

ABOUT THE OXMAN LAB
Located in New York City, the 36,000-square-foot laboratory, designed in collaboration with Foster + Partners, is a one-of-a-kind facility. The lab integrates an architectural studio with a state-of-the-art workshop – one of the most advanced digital fabrication facilities in New York City – including a robotics shop that enables experimental work with large-scale collaborative robots, and a wet lab that meets Biosafety Level 2 standards, allowing the OXMAN team to develop biologically augmented digital fabrication technologies. Spread across two floors, OXMAN lab includes private meeting spaces, a library, an exhibition gallery, an open-concept kitchen, a garden terrace, and a nursery, with abundant indoor and outdoor spaces for reflection and discovery. The lab is equipped to accommodate the work of more than 133 designers, scientists, and engineers.

ABOUT NERI OXMAN
Neri Oxman, PhD
Founder and CEO, OXMAN

Hailed as Nature’s Architect, Neri Oxman is a designer, inventor, and researcher. Her design approach and philosophy, entitled Material Ecology, lies at the intersection of culture and nature calling for the unification of the made and the grown across scales and species.

A multi-disciplinary designer, Oxman founded The Mediated Matter Group at the Massachusetts Institute of Technology (MIT) in 2010 where she established and pioneered the field of Material Ecology, fusing technology and biology to deliver designs that align with principles of ecological sustainability. Oxman became a tenured professor at MIT in 2017. Oxman received her PhD in Design Computation at MIT in 2010. Prior to that, she earned a diploma from the Architectural Association in London, complementing studies at the Faculty of Architecture and Town Planning at the Technion Israel Institute of Technology, and training at the Department of Medical Sciences at the Hebrew University, Jerusalem.

In addition to over 150 scientific publications and inventions, Oxman’s work is included in the permanent collections of leading international museums including the Museum of Modern Art (MoMA), San Francisco Museum of Modern Art (SFMOMA), Centre Pompidou, MAK Museum of Applied Arts, FRAC Collection for Art and Architecture, and the Cooper Hewitt Smithsonian Design Museum. Her work has been recognized at the World Economic Forum, where she was named a Cultural Leader in 2016 and is a member of the Expert Network. In 2018, Oxman was honored with the Cooper Hewitt National Design Award and the London Design Innovation Medal. In 2019, she received an Honorary Fellowship by the Royal Institute of British Architects and the Contemporary Vision Award by SFMOMA. Oxman’s work was presented in monograph shows at MoMA in 2020 and SFMOMA in 2022.

MEDIA CONTACT
Alex Klimoski
oxman@resnicow.com
+1 (212) 671-5184

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HiBy Launches RS2 II Portable Hi-Fi Player with Flagship DARWIN III Architecture

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LEWES, Del., Oct. 19, 2026 /CNW/ — HiBy has officially launched the RS2 II, a compact portable Hi-Fi player featuring the company’s third-generation DARWIN III audio architecture, the same architecture used in the flagship RS8 II. Designed for audiophiles seeking flagship-level sound in a smaller and more portable form, the RS2 II combines HiBy’s proprietary R2R technology, a fully balanced analog stage, HiByOS, and flexible connectivity.

At the heart of the RS2 II is the DARWIN III architecture, powered by a newly developed FPGA digital engine featuring more than 35K logic units and 40 high-speed, high-performance DSP units. This processing platform provides the computing power required for HiBy’s adjustable pure FIR filters, multiple DARWIN filters, harmonic control, NOS/OS switching, and native DSD processing.

Digital-to-analog conversion is handled by a high-precision R2R resistor network. High-speed electronic switches drive the resistor network to convert digital signals into corresponding analog voltage levels, helping reduce high-frequency noise introduced by digital modulation while delivering a natural, transparent, and musical presentation.

The analog stage uses a four-stage OPA1612 signal chain. One OPA1612 performs low-pass filtering after the DAC stage, another provides current amplification after volume control, while two additional OPA1612 devices form a fully balanced voltage amplification stage. At the headphone output, four flagship-grade OPA1622 amplifiers provide independent four-channel current amplification for improved dynamics, control, and compatibility with multi-driver earphones.

The RS2 II is also more compact than its predecessor. The standard aluminum alloy edition weighs just 156g and features a dark green finish with a houndstooth-pattern rear panel. Compared with the original RS2, the display area has increased by 45% and resolution by 122%. The new 3.55-inch 480 × 800 display, together with narrower bezels, provides a significantly improved visual experience. An upgraded X1600E dual-core platform further enhances system responsiveness.

Running HiBy’s dedicated HiByOS, the RS2 II supports coaxial output, Line Out, and USB DAC functionality. Dual microSD card slots support up to 4TB of total expandable storage.

The HiBy RS2 II Aluminum Alloy Edition is priced at US$439 and is available as a standard production model. The Limited Brass Edition is priced at US$549 and is expected to become available in October, with worldwide production restricted to just 500 units.

Contact
William Yueng
bd@hiby.com

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Beyond a Single Payment Rail: Building Resilience into Cross-Border B2B Trade

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At the 140th Canton Fair, PhotonPay examines how fiat and stablecoin infrastructure can give advanced manufacturers more flexibility in managing cross-border payments and working capital.

HONG KONG, Oct. 19, 2026 /PRNewswire/ — A piece of industrial machinery may take months to engineer, manufacture and deliver. The payments behind it follow a different timeline. Suppliers need to be paid, freight costs must be covered, and overseas buyers may settle invoices in stages. When production, delivery and payment span multiple markets, keeping these commitments aligned becomes a challenge of its own.

At the 140th Canton Fair, where manufacturers are showcasing industrial machinery, electronic components, automotive parts and other advanced manufacturing products, this less visible side of global trade deserves closer attention. PhotonPay is participating in the fair at Area D, Booths DT1714–DT1718, examining how more flexible financial infrastructure can help businesses manage cross-border payments alongside the demands of international trade.

The Payment Gap Behind Global Supply Chains

Supply chain resilience is often discussed in terms of sourcing, manufacturing capacity and logistics. The flow of money deserves the same attention.

A manufacturer may have sufficient orders and production capacity but still face pressure when incoming payments and outgoing obligations fall out of sync. A payment initiated by a buyer does not necessarily mean the funds are immediately available to the seller. The transfer may involve multiple financial institutions, currency conversion, local processing and compliance checks before the recipient can use the money.

Costs can also be difficult to assess across different payment corridors. Depending on the banks and arrangements involved, intermediary fees, foreign exchange charges and other transaction costs may affect the final amount received. Limited visibility into a payment’s status can make it harder for finance teams to plan supplier payments and reconcile invoices.

The answer is not to abandon established banking infrastructure. Bank transfers still remain important to international trade. Nor is every payment delayed or expensive simply because it crosses a border. The more useful question is whether businesses have the right payment options for different markets, currencies and settlement requirements, rather than relying on one approach for every transaction.

Why Fiat and Stablecoin Rails Need to Work Together

Discussions about cross-border payments increasingly include stablecoins, but the choice facing corporate finance teams is not simply traditional banking versus blockchain.

Banking infrastructure remains essential. It connects businesses to local accounts, domestic payment systems and established financial relationships. Stablecoin networks offer a different set of capabilities: transfers can take place outside conventional banking hours, subject to the network and service arrangements involved.

Each serves different needs. A stablecoin transfer alone may not put spendable local currency in a supplier’s hands. The recipient’s ability to accept the asset, conversion and liquidity arrangements, access to local payout channels and applicable regulatory requirements all matter. A business also needs to know how a transaction will be screened, recorded and reconciled with its underlying commercial documents.

This is where a dual-rail model becomes relevant. By connecting traditional fiat infrastructure with stablecoin payment channels, a business can access different ways to move funds within a unified financial environment, where supported and permitted.

The choice of payment route should reflect the corridor, currency, counterparty, timing requirements and compliance obligations. For advanced manufacturers, this flexibility can help finance teams coordinate incoming payments with supplier invoices, logistics costs and other business obligations. Foreign exchange exposure, liquidity constraints and compliance reviews still require careful management, while access to different payment rails gives businesses more options to work with.

From Payment Choice to Operational Control

More payment options are useful only when they fit into the way a business operates.

For an exporter, receiving funds is one step in a longer process. The money may need to be converted into another currency, held until a supplier payment is due, or distributed to different counterparties across markets. Managing these steps through disconnected accounts and systems can add work for finance teams and make it harder to maintain a consistent view of cash positions.

PhotonPay, a stablecoin-powered payment operating system, brings together global accounts, local collection capabilities, multi-currency fund management, currency conversion and global payouts across fiat and stablecoin infrastructure.

Through PhotonPay’s global accounts, businesses can collect payments from overseas customers through local accounts and international transfers. Its multi-asset wallet connects fiat currencies with stablecoins, while its 24/7 currency conversion capabilities give businesses greater flexibility in managing different currency needs. Global payout capabilities help businesses move funds onward to suppliers and other counterparties across markets.

Together, these capabilities connect the key stages of cross-border fund management, from receiving customer payments and converting currencies to making subsequent business payments. Finance teams can manage incoming funds and outgoing obligations within a more integrated financial environment, with greater visibility across their global operations.

For B2B trade, operational visibility is as important as the ability to initiate a transfer. Finance teams need to understand the amount received, the costs associated with a transaction, its processing status and how the resulting movement of funds relates to an invoice or supplier payment.

By bringing payment infrastructure and fund management into a more connected workflow, PhotonPay helps businesses manage the movement of money alongside the commercial activity it supports.

Making Money Move at the Pace of Business

Global trade depends on two flows moving in sync: goods moving through supply chains and money moving between counterparties. For manufacturers operating across markets, the ability to collect, convert and deploy funds efficiently can shape how they manage supplier commitments, working capital and the next stage of production.

At the 140th Canton Fair, PhotonPay is showcasing how integrated fiat and stablecoin capabilities can help businesses keep capital moving alongside their operations. Visit PhotonPay at Area D, Booths DT1714–DT1718, during the Canton Fair.

About PhotonPay

PhotonPay is a stablecoin-powered payment operating system built for global infrastructure. Designed for modern enterprises, PhotonPay enables businesses to send, receive, convert, and settle funds across both fiat and stablecoin rails through a single, compliance-first integration, spanning 200+ countries and territories.

For more information, visit [www.photonpay.com].

Disclaimer

This material is for general informational purposes only and does not constitute legal, regulatory, tax, accounting, or investment advice, nor an offer or solicitation for any product or service. The availability, features, and regulatory treatment of PhotonPay’s products and services may vary depending on the user’s location, business model, and the laws and regulations that apply. Any descriptions of functionality, performance, efficiency, cost savings, or compliance support (including, without limitation, references to “real‑time”, “24/7”, “high‑efficiency”, or “compliant” solutions) are aspirational or forward‑looking in nature. Actual outcomes may differ due to market conditions, technological constraints, and regulatory developments, and PhotonPay makes no express or implied representation, warranty, or guarantee as to the achievement of any particular result.

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Following the Money: Stablecoin Transfers Under $100 Account for 77% of Activity, While Large Transactions Move Two-Thirds of Value, Mercuryo and BNB Chain Report Finds

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LONDON, Oct. 19, 2026 /PRNewswire/ — Global payments infrastructure platform Mercuryo and BNB Chain, the community-driven blockchain ecosystem, have published a joint report highlighting the versatility of stablecoins, which facilitate activity ranging from low-value remittances to transactions made by ‘crypto whales’ moving digital assets across capital markets.  

The research found that 77.4% of stablecoin transfers on BNB Chain in Q3 2026 were valued at under $100, while transfers of $10,000 or more accounted for 66.2% of total transfer value.  

Combining Mercuryo’s fiat-to-crypto and crypto-to-fiat transaction data with BNB Chain’s on-chain data for Q3 2026, Stablecoins on BNB Chain: Fiat to Crypto and Back offers a complementary view of how stablecoins move. The findings show the versatility and usability of stablecoins and how they can serve very different purposes on the same permissionless blockchain infrastructure. 

Everyday Transfers & Large-Scale Capital Movements 

The findings point to a market serving multiple purposes simultaneously. While stablecoins remain an important component of digital asset markets, the data also highlights patterns consistent with their growing role in everyday stablecoin payments such as cross-border remittances. Most on-chain transfers are low-value, and stablecoins are frequently being converted between local currencies and digital dollars. 

The median network fee for a stablecoin transfer on BNB Chain was just *$0.0068:Low costs matter both to people sending remittances and to institutions settling high-value payments.Together, these figures demonstrate how the same blockchain infrastructure can accommodate frequent, low-value transfers alongside large-scale movements of capital.

“The research by Mercuryo and BNB Chain sheds light on one of the defining features of stablecoins, that being their versatility,” said Arthur Firstov, Chief Business Officer at Mercuryo. “The same permissionless blockchain infrastructure that facilitates small-value transfers and cross-border payments is underpinning large-scale trading and liquidity across capital markets. Stablecoins were designed as a place to hold value between trades for those taking positions on Bitcoin. We now see the tokens being used for a host of different purposes as the efficiencies and lower costs of blockchain technology bring benefits to the masses.” 

Local Currencies & Familiar Payment Methods  

The report found that in Q3 2026, 70% of the value used to purchase dollar-denominated stablecoins on BNB Chain through Mercuryo was paid in non-US dollar currencies. The US accounted for just 9.8% of purchase value, with Asia the largest regional market at 39.3%, followed by Europe at 33.4%. 

Payment preferences also resemble mainstream online shopping behaviour. Everyday shopping patterns are mirrored on-chain, with Apple Pay and Google Pay accounting for 69.5% of stablecoin purchases and 57.7% of purchase value through Mercuryo. Their combined share of purchases increased from 42.3% in Q3 2025, while 87.2% of purchases with a recorded device were made on a phone.

Worldpay’s Global Payments Report 2026 found that digital wallets collectively accounted for 56% of global e-commerce value in 2025. The comparison suggests that stablecoin purchases are increasingly compatible with the familiar checkout experiences consumers already use online, rather than requiring every user to adopt specialist crypto payment methods. 

Self-Custody Leads

Self-custody leads at every stage of a stablecoin’s usage examined in the report. Through Mercuryo, 59.5% of stablecoin purchase value went to self-custody wallet channels. Across BNB Chain, individual addresses held 63.3% of stablecoin value, while 59.8% of off-ramp value processed through Mercuryo originated from self-custody wallet channels. 

Although the datasets use different measures of wallet activity, the findings point to the continued importance of self-custody wallets in accessing and managing stablecoins. These wallets allow users to hold and transfer assets directly, while providing access to applications and services across the on-chain ecosystem. 

Stablecoins in Active Circulation 

The report also found that 64.3% of stablecoin value on BNB Chain had moved within the previous 30 days, suggesting that much of the value was actively circulating. The findings highlight stablecoins’ dual role, facilitating the movement of value while continuing to support trading, decentralised finance (DeFi) and broader on-chain activity. 

Taken together, the findings of this report show stablecoins as more than digital tokens held on a blockchain. They form part of a broader financial lifecycle connecting fiat currencies, self-custody wallets, on-chain applications, and traditional payment infrastructure, serving a wider range of financial needs than trading alone. 

* Stablecoin transfers on BNB Chain are $0.0068. Additional fees for the purchase, sale or conversion into stablecoins may apply. 

Stablecoins carry risks, including potential loss of value, issuer and redemption risks, and risks associated with the underlying blockchain. They are not equivalent to bank deposits or cash, and are not be covered by deposit protection schemes. 

About Mercuryo 

Mercuryo is a leading payment infrastructure platform in the digital token space. Standing out in the decentralized ecosystem by enhancing payment use case growth and on-chain integration, Mercuryo’s intuitive and robust solutions are powering the next generation of Web3 payment services. Mercuryo’s innovative payment products such as Spend, bridge the gap between TradFi, Web2 and Web3. Mercuryo is the proud partner of leading pillars in the digital token economy such as Trust Wallet and MetaMask, along with Revolut, Mastercard and Visa. Driven by an evolving product suite, Mercuryo is expanding further and continuing to innovate with a diversified stack of payment services. 

Media Contact    
Joe Morgan, PR Manager, Mercuryo    
j.morgan@mercuryo.io  

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