MiniPay Woos Freelancers with Stablecoin-Backed Virtual Dollar, Euro Accounts

Core Insights - A non-custodial stablecoin wallet provider, MiniPay, has introduced new payment features aimed at freelancers globally, allowing them to receive payments in dollars and euros, which are then converted into stablecoins like USDT and USDC [1][2] - The collaboration with Noah aims to simplify international payments, reducing costs and settlement times, addressing the need for local payment experiences without cross-border fees [2][4] - The demand for freelancers is increasing, particularly in emerging markets, with Africa's freelance tech sector projected to grow from $7.3 billion in 2023 to $37.7 billion by 2034, and India contributing 26% to the global online labor supply [3] Company Developments - MiniPay has activated over 10 million wallets across 60 countries since its launch in 2023, with accounts linked to phone numbers [5] - The new virtual bank transfer features will be free in most markets, although costs and cash-out methods may vary [4] Industry Trends - The partnership between MiniPay and Noah aims to create real-time interoperability between traditional bank networks and digital assets, enhancing the efficiency of global payments [4] - Analysts suggest that stablecoins could attract up to $1 trillion in deposits away from traditional banks, indicating a significant shift in the financial landscape [4]