The scenario
A Brazilian sugar exporter has a confirmed buyer in Angola. The product is ready for shipment. The buyer has funds in local currency. Neither party has a shared banking route — no correspondent bank covers this corridor.Exporter — Brazil
Cannot receive international wire from Angola. No correspondent banking exists in this corridor. Does not know how to structure a compliant cross-border receipt.
Buyer — Angola
Has funds in local currency. Cannot access USD wire easily. No verified business relationship with the exporter — no compliance on either side.
How Pythas solves it
Both parties onboard with Pythas
Pythas completes KYB on both the exporter and the buyer. Both entities are screened and verified. This establishes the compliance foundation for the transaction.
Buyer converts local funds to USDT
Buyer converts local currency to USDT via their local exchange or Pythas OTC desk. USDT is sent to the client-dedicated Fireblocks wallet assigned by Pythas.
Pythas executes off-ramp settlement
Pythas converts USDT to USD via the OTC Liquidity Provider and wires USD to the exporter registered bank account — or settles via PIX in BRL if preferred by the exporter.
Pythas was the only route that allowed this transaction to occur. No bank in either country offered a direct correspondent path. Settlement completed within 48 hours of fund receipt.