Key Takeaways:
Crypto payments firm Ramp has launched its Stablecoin Accounts in public beta, giving its more than 50,000 business clients the ability to hold and use Circle's USDC for treasury operations and global payments.
"Stablecoins are faster and cheaper than wires. The only reason more companies don't use them is they don't want to set up, learn and run a second system," Ramp CEO Eric Glyman said in a social media post. "We just removed that reason."
The new feature allows businesses to hold USDC, earn a 3.98 percent reward on balances, pay vendors and employees globally, and settle Ramp Card charges using the stablecoin. All activities are managed from the existing Ramp dashboard, integrating crypto-native payments into the same approval and accounting workflows as traditional dollar transactions. The service is available to all customers except those based in New York.
The launch positions Ramp, valued at $32 billion, to capture a larger share of the corporate treasury market that is increasingly looking to blockchain for efficiency. Stablecoins, which are digital assets pegged to a stable currency like the U.S. dollar, offer a way to bypass the slow and costly correspondent banking system for cross-border transactions. According to a recent EY study, 54 percent of non-financial corporations expect to use stablecoins within the next year.
Ramp's move comes as the competition to build enterprise-grade stablecoin infrastructure intensifies. The development reflects a broader industry trend where major financial players are acquiring or building capabilities to support blockchain-based payments.
In a signal of the market's value, Mastercard recently acquired stablecoin platform BVNK for $1.8 billion, more than double its previous valuation. Similarly, Ripple has been pushing its own stablecoin, RLUSD, for enterprise use, which has grown to a market cap of about $1.4 billion since its launch in late 2024, according to CoinGecko data. These moves underscore a race to provide regulated, compliant rails for corporate crypto payments.
The potential market for stablecoin payments is enormous. Bloomberg Intelligence has projected that payment flows using the digital assets could reach $56.6 trillion by 2030. By integrating USDC directly into its platform, Ramp is addressing the primary friction point for corporate adoption: operational complexity.
CFOs and corporate treasurers have been hesitant to adopt stablecoins due to the need to manage separate systems, ensure compliance, and handle new governance workflows. By embedding USDC payments within a familiar fintech platform, Ramp aims to make using digital dollars as seamless as traditional banking, targeting the high fees and settlement delays associated with international wire transfers.
This article is for informational purposes only and does not constitute investment advice.
