Zebec Network is a crypto payments company that streams wages to workers in stablecoins in real time, settled by the second instead of once a month. It also issues Mastercard-powered spending cards and runs a consumer SuperApp. ZBCN is its token, used for governance and staking. The newest news is from 21 October 2026: Zebec said it had used Q3 2026 revenue from cards and payroll to buy back 40,536,539 ZBCN, about $100,000 worth, and that those tokens will not return to circulation.
Most of the operating figures below come from Zebec's own blog and reports. Very few have been confirmed by anyone else.
The latest: the Q3 2026 buyback (21 October 2026)
On 21 October 2026 Zebec posted on X that it had repurchased 40,536,539 ZBCN during Q3 2026, worth about $100,000, according to crypto.news coverage of that post. The money came from Zebec Cards and payroll revenue across Zebec Enterprise and the SuperApp.
How the programme works, according to Zebec's July 2026 explainer:
- Funding: operating revenue from payroll, payments infrastructure, cards and related services, not treasury allocations.
- Custody: the repurchased tokens sit in an on-chain Buyback Treasury Wallet and with an institutional custodian. They are held, not burned.
- Burn history: buyback-and-burn began under the old ZBC token in 2023. In early 2024 the DAO passed proposal ZIP-4, which paused burns but kept buybacks. The 2025 Roadmap vote on Solana Realms confirmed that direction.
- What's next: the DAO plans to decide by the end of 2026 whether to propose bringing burns back. Nothing has been decided.
For scale: crypto.news put the Q3 buyback at about 0.04% of ZBCN's market capitalisation on the day.
What Zebec actually does
Streaming payroll
Employers fund payroll in stablecoins, and pay flows to employees and contractors continuously instead of arriving on a fixed date. Workers can keep the funds in a wallet, spend them with a Zebec card, or convert them to local currency.
Zebec's Q1 2026 report (published 8 April 2026) gave these figures:
- $49 million monthly payroll volume ($24.5 million every two weeks)
- 13,100 employees paid
- 243 enterprise clients
Its homepage gives rounder marketing figures: "$500M annual payroll volume" and "250+ enterprise clients". Both sets of numbers come from Zebec and have not been audited independently.
Payroll beyond Solana: Stellar and MoneyGram (June to September 2026)
- 15 June 2026: Zebec launched enterprise payroll natively on Stellar, with a dashboard for HR teams that manage global staff. Its Q1 report calls Stellar its first major deployment beyond Solana.
- 9 September 2026: Zebec, the Stellar Development Foundation and MoneyGram added MoneyGram Ramps to Zebec's Stellar payroll. Workers can cash out eligible digital-dollar balances at participating MoneyGram locations in more than 170 countries and territories without a bank account, "subject to availability and applicable law". Zebec's MoneyGram documentation page says fees, limits and corridors have not been published yet.
- 16 September 2026: Zebec and AllUnity described a programme on Stellar that uses AllUnity's EURAU euro stablecoin for employee benefits and payments.
Bank-rail connections in the US
- 2 December 2025: Payroll Growth Partners (owner of PayBridge) and NatPay announced a partnership that combines NatPay's ACH and FedNow connectivity with Zebec's stablecoin rails. Payroll clients can send payouts over bank rails or Zebec's rails from one platform. The release says NatPay processes more than $170 billion a year for over 300,000 ACH clients.
- 2 April 2026: Nacha, which governs the US ACH Network, listed Zebec Network among 20 organisations that joined its Payments Innovation Alliance in Q1 2026. The Alliance is Nacha's membership and engagement programme for the payments industry. Membership does not mean Nacha endorses Zebec, and it does not give Zebec special access to ACH. Nacha says 35.2 billion ACH payments worth $93 trillion were made in 2025.
Zebec Cards
Zebec issues Silver, Carbon and Black card tiers, which can be used wherever Mastercard is accepted. The Q1 2026 report gave:
- 21,626 cards issued
- more than 500,000 transactions
- availability in 97 countries
- support for 100+ tokens across 19 chains
- 40+ white-label partners
SuperApp
The SuperApp launched on desktop in late February 2026. A mobile version followed on iOS and Android around 17 July 2026. Users connect their own self-custody wallet and can:
- send crypto and set up payment streams
- manage their cards
- stake ZBCN
Streaming and staking require moving funds into a Zebec vault. At the mobile launch, streaming supported eight tokens on Solana.
Earn on Pay (announced 13 August 2026)
Zebec said it would add Solstice Finance's USX dollar token so that prefunded payroll balances can earn USX rewards between top-up and payday. USX is backed by hedged positions in crypto assets and their perpetual futures, stablecoins and tokenised treasuries. At announcement the feature "will soon be live", and no reward rate was given.
Zebec's 2026 so far, step by step
Step through Zebec's dated moves this year, from the Nacha listing to the Q3 buyback, to see which ones are live and which are still announcements.
- 2 April 2026Listed in Nacha's Payments Innovation Alliancedone
Nacha listed Zebec Network among 20 organisations that joined its Payments Innovation Alliance in Q1 2026. Membership does not mean Nacha endorses Zebec, and it does not give Zebec special access to ACH.
- 8 April 2026Q1 2026 report publishedself-reported
Zebec reported $49 million monthly payroll volume, 13,100 employees paid, 243 enterprise clients and 21,626 cards issued. These figures have not been audited independently.
- 15 June 2026Enterprise payroll launches on Stellarlive
Zebec launched enterprise payroll natively on Stellar, which its Q1 report calls its first major deployment beyond Solana.
- 17 July 2026SuperApp arrives on mobilelive
A mobile version of the SuperApp followed on iOS and Android around this date, after the desktop launch in late February 2026. At launch, streaming supported eight tokens on Solana.
- 13 August 2026Earn on Pay announcedannounced
Zebec said prefunded payroll balances would earn USX rewards between top-up and payday. The feature "will soon be live" and no reward rate was given.
- 9 September 2026MoneyGram cash-out added to Stellar payrollterms pending
Workers can cash out eligible digital-dollar balances at participating MoneyGram locations in more than 170 countries and territories, subject to availability and applicable law. Fees, limits and corridors have not been published yet.
- 16 September 2026EURAU programme with AllUnityannounced
Zebec and AllUnity described a programme on Stellar that uses the EURAU euro stablecoin for employee benefits and payments.
- 21 October 2026Q3 2026 buyback discloseddone
Zebec said it repurchased 40,536,539 ZBCN, about $100,000 worth, from card and payroll revenue. The tokens are held, not burned, and crypto.news put the buyback at about 0.04% of market capitalisation.
- End of 2026DAO decision on bringing burns backpending
The DAO plans to decide whether to propose restarting burns, which have been paused since proposal ZIP-4 in early 2024. Nothing has been decided.
This timeline only lists the dates in the article, mostly taken from Zebec's own statements. It does not check whether any product works in your country, and it says nothing about ZBCN's price or where it goes next.
The ZBCN token
| Item | Figure | Source and date |
|---|---|---|
| Price | ~$0.00216 | CoinGecko, 25 Oct 2026 |
| Market cap | ~$216 million | CoinGecko, 25 Oct 2026 |
| Circulating / max supply | ~99.999 billion / 100 billion | CoinGecko, 25 Oct 2026 |
| All-time high / low | ~$0.0070 / ~$0.00070 | CoinGecko (dates not shown) |
| Holders | 100,000+ | Zebec Q1 2026 report |
| Final vesting unlock | Completed March 2026 | Zebec Q1 2026 report |
Prices move constantly, so check a live tracker before relying on these figures.
ZBC to ZBCN migration (2024). ZBCN replaced the original Solana token ZBC at 1 ZBC = 10 ZBCN. Zebec's migration guide says the old ZBC was burned through a smart contract and no new ZBCN was minted for the swap. The swap window closed on 10 May 2024. The guide is inconsistent on the start date, giving both 9 and 10 April. ZBCN's Solana contract address begins ZBCNpuD7. The old ZBC contract is no longer the live token.
Uses. ZBCN is used for:
- governance through the Zebec DAO (dao.zebec.io)
- staking in the SuperApp
- part of the payroll fee flow: depending on the network, Enterprise and SuperApp payroll fees are either used to buy ZBCN or paid in it
Staking terms. Zebec's site, SuperApp announcement and buyback explainer do not publish an APY or lock-up schedule. The app shows staked balances, maturity dates and yield earned. Rewards are paid in ZBCN, so their value in dollars rises and falls with the token price.
Funding and team
Zebec began on Solana in 2021 and was founded by Sam Thapaliya. Its June 2026 Stellar announcement names Simon Babakhani as CEO.
Early funding, as reported in 2022:
- February 2022: a $15 million round led by Solana Ventures and Distributed Global (The Block)
- March 2022: a token sale of about $28 million that included Circle and Lightspeed (CoinDesk)
Zebec and price-tracking sites give a cumulative total of about $35 million. Other databases show lower totals.
What to check before relying on Zebec
- Most figures are self-reported. Payroll volume, client counts and card statistics come from Zebec's own reports, not audited accounts.
- The buyback is small relative to the token. About $100,000 in a quarter, against a market cap of roughly $216 million.
- Several products are early. The Earn on Pay rewards and the MoneyGram cash-out terms had not been fully published when announced.
- Availability varies. Zebec states that not all products are available in all jurisdictions and that users can lose funds.
Limitations: this article relies mainly on Zebec's own statements, and its market data is a snapshot from 25 October 2026.
