Press & recognition
StableNet, by SpendTheBits, is compliant stablecoin payment infrastructure for banks, money service businesses and fintechs. Our work has been recognised by Ripple, Circle and the wider payments community — the highlights and coverage are gathered here, each with an independent source you can verify.
Back-to-back winner (2022 & 2023)
Won Ripple’s CBDC Innovate competition in consecutive years for a comprehensive, interoperable CBDC and stablecoin settlement solution — judged by executives from Ripple, the Bank of Finland and leading blockchain institutions.
VerifyVerified Circle Alliance member
Listed in the Circle Alliance directory as a vetted partner in the USDC ecosystem, building compliant stablecoin payment infrastructure on Circle’s rails.
Verify- Innovation in Central Bank Digital CurrenciesRipple · 2023
- SpendTheBits Wins Ripple CBDC Innovate Competition Back-to-BackThe Crypto Basic · Sep 2023
- Ripple CBDC Hackathon Concluded, Here Are the WinnersU.Today · 2023
- XRPL Payment Protocol Taps Mega Partnership (Circle / USDC)U.Today · Oct 2023
- SpendTheBits — Comprehensive CBDC Solution, InteroperabilityDevpost · 2023
- SpendTheBits — ecosystem project profileXRPL Commons
StableNet, by SpendTheBits, is compliant stablecoin payment infrastructure for banks, money service businesses and fintechs. It provides the financial-messaging, compliance and settlement layer — with FATF Travel Rule, KYC, KYB, KYT and sanctions screening built in, and SWIFT MT/MX (ISO 20022) support — that lets regulated institutions settle cross-border in real time over stablecoin rails while keeping custody of funds. Founded in 2019 and based in Edmonton, Canada, SpendTheBits is a two-time Ripple CBDC Innovate winner and a Circle Alliance member.