Blue Star Capital (AIM:BLU), the AIM-listed investing company focused on blockchain and payments, reported that its investee SatoshiPay has reached approximately $3 million in monthly foreign exchange volume following the migration of its FX DEX to the Base blockchain network.
The volume, generated through EURC and BRLA swaps to and from USDC, follows the Pendulum community's completion of a migration intended to improve settlement efficiency and tap Base's aggregated stablecoin liquidity.
SatoshiPay expects the move to support liquidity rebalancing for its SEPA-to-crypto ramp infrastructure through Base's broader stablecoin ecosystem.
As a consequence of the shift to Base, SatoshiPay intends to deprecate its Spacewalk bridge on 8 July, with the transition to alternative bridging infrastructure expected to free up locked collateral for redeployment within its Vortex platform.
On the commercial side, SatoshiPay's Vortex fiat-to-crypto infrastructure has launched corridors across Mexico, Argentina, Colombia and the United States via an integration with Alfredpay, and relaunched its European SEPA ramp in partnership with Mykobo.
SatoshiPay is also developing AI agent-ready integration documentation and piloting a direct-to-DeFi onboarding flow that would route users from traditional bank accounts into yield-bearing Morpho vaults.
