Enhancing fund management efficiency and strengthening security safeguards through stablecoin payments.

Client Overview

The client is a leading video and live-streaming platform providing content services to users worldwide. The platform processes a large volume of user top-up transactions daily and supports high-frequency settlements to streamers, agencies, and ecosystem partners globally.

Business Challenges

Prior to its digital infrastructure upgrade, the platform relied primarily on traditional fiat payment channels, including credit cards, local wallets, and wire transfers. As its global footprint expanded, limitations in the existing model became apparent:

• Fragmented payment channels: Different countries required different service providers, resulting in inconsistent accounting standards and risk controls. Reconciliation became complex, driving up financial and operational costs.

• Rising costs and settlement latency: Cross-border payments involved multiple FX conversions and intermediary fees, with settlement timelines that were hard to guarantee. This directly affected user experience and partner retention.

• Lack of unified compliance and risk oversight: Funds were distributed across multiple currencies and payment channels, making it difficult to establish a consolidated, end-to-end view of fund flows and risk exposure.

• Barriers to in-house on-chain development: The platform had previously attempted to build a basic wallet-based collection solution internally. However, high-concurrency conditions, manual gas top-ups, on-chain transaction checks, and complex reconciliation workflows prevented the solution from effective scaling.

The platform sought to enable global settlement through stablecoins, while avoiding the high development and maintenance costs associated with building and operating a proprietary wallet and clearing infrastructure.

Cobo’s Solution

Through deep API integration, Cobo helped the platform establish a standardized stablecoin payment system with the following components:

• Order-based deposits: Replacing fixed-address collection with a “one order, one address” model. Upon successful deposit, the system triggers near real-time callbacks. Common scenarios such as overpayment, underpayment, and late payment are automatically identified and handled based on predefined logic, significantly reducing manual intervention.

• KYT / AML risk screening: On-chain KYT and AML checks are deployed across both inbound and outbound flows. Sanctioned addresses and high-risk funds are automatically flagged or blocked, ensuring that assets are screened before entering the platform’s ecosystem and supporting ongoing compliance.

• Fee management: Cobo’s Payments API eliminates gas fee management complexity. Finance teams pre-fund stablecoins, which are then used automatically to cover on-chain transaction fees, removing settlement disputes caused by fee deductions.

• Intelligent fund aggregation: Funds are automatically consolidated based on network conditions and predefined strategies, reducing on-chain costs. Granular data APIs support multi-dimensional reconciliation and reporting.

Results and Impact

Following the integration of Cobo Payments API, the platform achieved a step change in fund management capabilities:

• Infrastructure modernization: Fund management evolved from fragmented payment flows to a unified account system. Stablecoin assets are fully traceable and auditable on-chain, ensuring transparent, compliant tracking of every digital asset movement.

• Cost reduction and operational efficiency: Leveraging Cobo’s all-inclusive pricing model, previously unpredictable gas fees were converted into a single fixed cost, eliminating cost compounding in high-frequency transaction scenarios. Automated reconciliation replaced manual processes, reducing both financial expenditure and operational overhead.

Improved settlement experience: The platform now delivers a clear and predictable settlement experience for global users and partners, supported by a highly reliable fund infrastructure that provides a strong foundation for continued international expansion.