OwlTing Group reported that July payment volume on its OwlPay Harbor cross-border payments platform rose 107.6% from June, while transaction count increased 109.5%.
The figures mark the first operating disclosure for OwlPay Harbor, a stablecoin-based system for enterprise cross-border payments. The platform lets businesses send funds in U.S. dollars or stablecoins, with recipients receiving local currency in bank accounts in destination markets.
July was the sixth straight month of payment volume growth. Enterprise clients on the platform rose to 79 from 67 at the end of June, suggesting growth came from both new customers and broader use by existing ones.
The increase in transaction count slightly outpaced the rise in payment volume, pointing to a higher number of payments moving through the system rather than a small number of larger transfers.
Trade flows
Most activity on OwlPay Harbor this year has been tied to commercial payments rather than digital asset trading. More than 90% of payment value involved stablecoins being converted into fiat currency and deposited into bank accounts in destination markets.
Those payouts reached more than 40 countries and territories across North America, Asia, the Middle East, Europe and Africa. Roughly two-thirds of payout value went to corporate recipients, including container shipping lines, freight forwarding businesses in Asia and Europe, and manufacturers and trading companies in Greater China supplying industrial and consumer goods.
The client base includes cross-border payment platforms, digital asset businesses, import-export companies and international non-governmental organisations. Brazil and Nigeria were among the most active markets by client sending activity this year, alongside the European Union as an early focus area.
Network role
OwlTing joined the Circle Payments Network in December 2025 and participates as an Originating Financial Institution, initiating payments into the network on behalf of clients.
More than 60% of the value of the company's cross-border payouts this year settled through that network, with the share increasing further in July. OwlTing linked that activity to its regulatory presence in the United States, the European Union and Japan, as well as its banking relationships and compliance systems in destination markets.
Its U.S. coverage spans 42 states. Operating in this area requires local payout partnerships, liquidity arrangements, bank routing and screening procedures.
Revenue focus
OwlPay Harbor generates revenue by charging a fee on each payment processed through the platform, making transaction growth and payment volume central to the unit's financial contribution.
OwlTing described OwlPay Harbor as a potential driver of broader revenue growth. It said enterprise customers typically move onto the platform in stages, with technical integration, compliance review, corridor testing and phased activation before broader use.
That process helps explain why payment volumes can build over time rather than fluctuate solely on one-off transactions. Existing clients continued to expand payment activity in July, while newly activated customers added further volume.
Across the market, stablecoins are increasingly being discussed as tools for settling real-world payments rather than serving only as instruments for crypto trading. OwlTing's data offers one example of that shift, particularly in trade-related payments and cross-border supplier settlements.
A brief statement from Chief Executive Darren Wang accompanied the disclosure. "For years, the work was building the network. Harbor's work now is bringing the world's payments into it," said Darren Wang, Founder and CEO of OwlTing Group. "We are not waiting for stablecoin payments to find a use case. Those use cases are already happening - in freight invoices, in supplier payments, in humanitarian disbursements that settled this month, in currencies and countries where the traditional banking system has been slow and expensive for decades."