Aroot Joins Forces with U.S. Firm Sphere Laboratories to Expand Global Stablecoin Payments Network

Aroot is joining forces with U.S. payments infrastructure company Sphere Laboratories to expand its cross-border payments and digital finance businesses. The company plans to establish a foundation for payments cooperation in trade and logistics, with Kazakhstan as its base, and to enter the global business-to-business payments market using its own stablecoin.

Aroot announced on November 4 that it had signed a memorandum of understanding (MOU) with Sphere Laboratories to expand their cross-border payments and digital finance businesses.

Under the agreement, the two companies will work to integrate Aroot's digital finance platform, FORTA, with Sphere Laboratories' SpherePay, an API for business-to-business (B2B) payments. Once the integration is complete, corporate customers using FORTA are expected to be able to send and receive payments for overseas transactions in their existing currencies, the company said.

Aroot aims to establish a foundation for providing global payment services without building separate payment networks for each country, while Sphere Laboratories plans to expand its customer base among trade and logistics companies connected to Kazakhstan.

Sphere Laboratories is a payments infrastructure company that operates a B2B cross-border payments API and dashboard. It has raised investment from Coinbase Ventures and Kraken Ventures, among others, and processes payments worth billions of dollars annually for hundreds of companies in the United States, Latin America and the Asia-Pacific region. In July 2026, it joined the Mastercard Crypto Partner Program.

Alongside integrating SpherePay and FORTA, the companies will also explore using USDFT (U.S. Dollar FORTA), a U.S. dollar-pegged stablecoin, for payments made through FORTA. They plan to apply customer identification (KYC/KYB) and anti-money laundering (AML) procedures to transactions and identify opportunities for cooperation in trade payments across Central Asia, including Kazakhstan.

Through its local subsidiary in Kazakhstan, Aroot has obtained licenses from the Astana Financial Services Authority (AFSA) to issue fiat-pegged stablecoins and provide digital asset custody services. USDFT was designed to be fully backed by reserves, and Alatau City Bank (ACB) was selected to hold the reserves.

The companies are also pursuing links with domestic payment infrastructure. Through its subsidiary Most P&S, a payment gateway (PG) company, Aroot plans to explore connecting domestic won payment and settlement services with Sphere Laboratories' payment network. The company aims to pursue cooperation on won settlements in compliance with relevant domestic laws and regulatory requirements, and to expand this into cross-border trade payments.

An Aroot representative said, "This MOU will provide an opportunity to expand Aroot's USDFT and FORTA into the global corporate payments sector. We will continue our cooperation, drawing on both companies' payment infrastructure and regulatory compliance capabilities, to provide corporate customers with reliable payment and settlement services."

This content was produced with the assistance of AI translation services.