12 Best Stablecoin Payment Providers Compared (2026)

Real-world stablecoin payment volume doubled in 2025 to $400 billion, with an estimated 60% of that being B2B payments. For fintechs, neobanks, PSPs, and payroll platforms building on stablecoin rails, choosing the right infrastructure provider shapes which markets you can reach, how fast funds settle, and what your unit economics look like at scale.

All 12 providers on this list operate in the same infrastructure layer. We evaluated them on geographic coverage and local rail access (direct local rails vs. SWIFT reach), chain and stablecoin support, licensing and regulatory standing, FX pricing transparency, and transaction volume. 

Country counts refer to local rail or direct banking access, not SWIFT reach. Volume figures are sourced from each provider's public disclosures or verified third-party reporting. Please note that most figures are self-reported by the companies.

1. Due 

Due is a hybrid stablecoin payment infrastructure provider connecting fintechs, neobanks, PSPs, and payroll platforms to stablecoin rails and traditional banking networks across 85 countries through a single payment API. Founded in 2022 and independently operated with $9.8M raised, Due is purpose-built for the B2B infrastructure layer.

Best for: Neobanks, payroll platforms, PSPs, crypto exchanges, and remittance providers that need simultaneous local rail coverage across APAC, Africa, the Middle East, and LATAM alongside Europe. The only independent provider on this list with direct rails across all four regions in a single integration. Due is covering corridors like India (UPI), Nigeria (NIP), Brazil (PIX), Mexico (SPEI), and Singapore (PayNow) that most infrastructure providers reach only via SWIFT.

Geographic coverage (85 countries)

• Africa (17): Benin, Burkina Faso, Cameroon, Congo, Cote d'Ivoire, Egypt, Gabon, Ghana, Kenya, Nigeria, Rwanda, Senegal, Sierra Leone, Tanzania, Uganda, Zambia, South Africa
• Americas (18): Argentina, Bolivia, Brazil, Canada, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Jamaica, Mexico, Peru, Puerto Rico, US, Uruguay
• APAC (16): Australia, Bangladesh, China, Hong Kong, India, Indonesia, Israel, Japan, Malaysia, New Zealand, Pakistan, Philippines, Singapore, South Korea, Thailand, Vietnam
• Middle East (3): Saudi Arabia, Turkey, UAE
• Europe (31): Full EEA + UK

Chains and stablecoins (14 chains)

Ethereum, Solana, Base, Arbitrum, Optimism, Polygon, Tron, Avalanche, Starknet, HyperEVM, Tempo, Plasma, Stable, BNB Chain. Stablecoins: USDC, USDT, EURC, BRLA, DAI, USDT0.

Fiat rails

SEPA Instant + SEPA Credit Transfer (EU), Faster Payments + BACS (UK), ACH + FedWire (US), PIX (Brazil), SPEI (Mexico), UPI + IMPS (India), FAST (Singapore), PromptPay (Thailand), DuitNow (Malaysia), NAPAS (Vietnam), BI-FAST (Indonesia), Raast (Pakistan), SARIE (Saudi Arabia), IPP + FTS (UAE), NIP (Nigeria), M-Pesa (Kenya), mobile money across 10 African markets, SWIFT (global).

Virtual accounts

AED, BRL, COP, EUR (IBAN), GBP (Sort code), MXN (CLABE), NGN, PHP, USD (ACH/Wire), USD (SWIFT). Coming soon: ARS, GHS, IDR, KES, PEN.

FX pricing

5-25 bps on major pairs (EUR, GBP, MXN, BRL); 30-90 bps on exotic pairs; RFQ pricing for African corridors. Mid-market rates with no hidden markups.

Licensing

• MiCA VASP: Spain/EU (active)
• FinCEN MSB: US (active)
• MSB: Canada (active)
• VASP: Argentina (active)

Considerations

• Card issuance and card processing not yet live
• Earlier stage in processed volume than BVNK or Bridge

2. BVNK

BVNK is an enterprise stablecoin payments platform processing $30B in annualized volume. In March 2026, Mastercard announced a definitive agreement to acquire BVNK for up to $1.8B, pending regulatory approval expected before year-end 2026.

Best for: Large enterprises and PSPs operating primarily in EU, UK, and US that need high-volume stablecoin settlement with institutional-grade compliance. Clients include Worldpay, Deel, Flywire, Rapyd, and Thunes.

Geographic coverage (32 countries)

• Americas (1): US
• Europe (31): Full EEA + UK

Chains and stablecoins (6 chains)

Ethereum, Tron, Solana, Polygon, BNB Chain, Bitcoin. Stablecoins: USDC, USDT, EURC, PYUSD, DAI, USDG, FDUSD.

Fiat rails

ACH + FedWire (US), SEPA + SEPA Instant (EU), Faster Payments + CHAPS (UK), SWIFT (global).

Virtual accounts

EUR (vIBAN), GBP (Sort code/vIBAN).

FX pricing

Custom enterprise pricing; spread structure not publicly disclosed.

Licensing

• MiCA: EU (active)
• EMI: EU + UK (active)
• MSB: US (active)
• MTL: US full state coverage (active)

Considerations

• Mastercard acquisition pending; roadmap may shift post-close
• Local rail coverage limited to EU, UK, and US; no APAC, Africa, or Middle East
• Americas coverage limited to US only
• Virtual accounts in EUR and GBP only

3. Bridge (via Stripe)

Bridge is a stablecoin orchestration API acquired by Stripe for $1.1B in February 2025. It powers Starlink's global payouts and reached $10B+ in annualized volume in 2025.

Best for: Developers and fintechs already built on Stripe that want to add stablecoin settlement within their existing stack, primarily for US and European corridors.

Geographic coverage (35 countries)

• Americas (4): US, Mexico, Brazil, Colombia
• Europe (31): Full EEA + UK

Chains and stablecoins (8 chains)

Ethereum, Solana, Base, Polygon, Arbitrum, Avalanche, BNB Chain, OP Mainnet. Stablecoins: USDC, USDT, USDB (native), EURC, BRLA.

Fiat rails

ACH + FedWire (US), SPEI (Mexico), PIX (Brazil), bank transfer (Colombia), SEPA (EU), SWIFT (global).

Virtual accounts

USD (ACH routing), EUR (IBAN), GBP (Sort code), BRL (PIX key), MXN (CLABE).

FX pricing

Up to 1% FX on conversions -- the highest disclosed spread on this list.

Licensing

• OCC national bank charter: US (active)
• MSB: US (active)
• MTL: 48 US states (active)
• MiCA: EU (pending)

4. Conduit

Conduit is a stablecoin cross-border payments platform with $53M raised, backed by Circle, Dragonfly, and Altos Ventures. It processes $10B+ in annualized volume and has the deepest Africa coverage of any provider on this list -- 23 countries with local rails including mobile money across West and Central Africa.

Best for: Fintechs and payroll platforms focused on African corridors, particularly sub-Saharan Africa, alongside Americas and APAC coverage.

Geographic coverage (64 countries)

• Africa (23): Benin, Burkina Faso, Cameroon, Congo, Cote d'Ivoire, Egypt, Ethiopia, Gabon, Ghana, Kenya, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, Sierra Leone, South Africa, Tanzania, Togo, Uganda, Zambia
• Americas (5): US, Canada, Mexico, Colombia, Brazil
• APAC (5): India, Indonesia, Philippines, Singapore, Vietnam
• Europe (31): Full EEA + UK

Chains and stablecoins (4 chains)

Ethereum, Tron, Polygon, Solana. Stablecoins: USDC, USDT.

Fiat rails

ACH + FedWire + FedNow + RTP (US), EFT (Canada), SPEI (Mexico), PIX (Brazil), bank transfer (Colombia), SEPA + SEPA Instant (EU), Faster Payments (UK), M-Pesa + bank transfer (Kenya), bank transfer (Nigeria), mobile money + bank transfer (Ghana), EFT (South Africa), mobile money across Tanzania, Uganda, Rwanda, West Africa (XOF), Central Africa (XAF), Zambia, Ethiopia, Egypt.

Virtual accounts

USD (ACH routing/Wire), EUR (IBAN), GBP (Sort code).

FX pricing

~10 bps on USD/USDT conversions; $35 fixed fee on small transactions.

Licensing

• MSB: US (active)
• MSB: Canada (active)

Considerations

• Only 4 chains; narrowest chain support in the top tier
• No MiCA license; EU coverage via MSB arrangement
• No Middle East coverage
• Virtual accounts in USD, EUR, and GBP only

Product overview

5. Noah

Noah is a stablecoin-native infrastructure provider founded by ex-Adyen and Visa executives, with $22M seed raised in June 2025. It focuses on providing virtual accounts, fiat-stablecoin conversion, and payout rails to fintechs and wallets building across Africa, LATAM, and APAC. $1B+ in processed volume.

Best for: Wallet infrastructure providers, remittance platforms, and B2B fintechs in Africa and LATAM that need compliant virtual accounts and stablecoin settlement as a backend service.

Geographic coverage (50 countries)

• Africa (11): Kenya, Nigeria, Ghana, Tanzania, Uganda, Rwanda, South Africa, Ethiopia, Senegal, Cameroon, Cote d'Ivoire
• Americas (5): US, Brazil, Mexico, Argentina, Colombia
• APAC (3): India, Philippines, Indonesia
• Europe (31): Full EEA + UK

Chains and stablecoins (5 chains)

Ethereum, Solana, Polygon, Tron, Celo. Stablecoins: USDC, USDT.

Fiat rails

ACH (US), PIX (Brazil), SPEI (Mexico), Mercado Pago + bank transfer (Argentina), bank transfer (Colombia), SEPA (EU), M-Pesa (Kenya), bank transfer (Nigeria), mobile money + bank transfer (Ghana), mobile money across Tanzania, Uganda, Rwanda, XOF, XAF, bank transfer (South Africa, Ethiopia), UPI (India), bank transfer (Philippines, Indonesia), PayPal (global), SWIFT (global).

Virtual accounts

EUR (IBAN), USD (ACH routing).

FX pricing

0.25% conversion fee; mid-market FX rates.

Licensing

• VASP: Lithuania/EU (active)

Considerations

• $1B+ processed volume; lower than top-tier providers
• Only EUR and USD virtual accounts
• Africa coverage partly partnership-dependent via NALA/Rafiki
• No Middle East coverage
• Lithuania VASP only; limited regulatory coverage outside EU

6. Routefusion

Routefusion is a multi-rail financial infrastructure provider founded in 2018, with $40.7M raised. It consolidates SWIFT, RTP, and stablecoin networks into a single API with redundancy across multiple banking partners.

Best for: Fintechs and platforms that need SWIFT and local fiat rails alongside stablecoin settlement in one integration. Particularly payroll, EOR, and B2B platforms serving corridors where stablecoin off-ramps are still unreliable.

Geographic coverage (54 countries)

• Americas (8): Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, US
• Europe (31): Full EEA + UK
• APAC (9): Australia, Hong Kong, India, Indonesia, Japan, Philippines, Singapore, South Korea, Thailand
• Africa (4): Ghana, Kenya, Nigeria, South Africa
• Middle East (2): Saudi Arabia, UAE

Chains and stablecoins (1 chain)

Ethereum (USDC only). Routefusion is not stablecoin-native - stablecoin support is additive to a fiat-first multi-rail architecture.

Fiat rails

ACH + RTP (US), PIX (Brazil), SPEI (Mexico), EFT (Canada), bank transfers across Chile, Peru, Argentina, Colombia, SEPA Credit Transfer (EU), Faster Payments (UK), UPI (India), PromptPay (Thailand), bank transfers across APAC, M-Pesa (Kenya), EFT (South Africa), bank transfers across Ghana, Nigeria, Saudi Arabia, UAE, SWIFT (global).

Virtual accounts

USD, CAD, EUR, GBP, MXN, AUD (virtual + dedicated), CNH, HKD, SGD (non-resident), PLN (virtual + dedicated).

FX pricing

Custom per client; FX layer queries all providers and applies configurable margin.

Licensing

No direct licenses published. Operates through regulated banking partners.

Product overview

7. Sphere

Sphere is a stablecoin payment API with $15M raised, backed by Coinbase Ventures and Kraken Ventures. It operates SphereNet, a native cross-chain orchestration network, across 8 chains and 51 countries. $3.5B+ in annualized stablecoin volume per Reuters reporting.

Best for: Crypto-native fintechs, licensed MTOs, and developer teams targeting LATAM, Southeast Asia, and MENA that need multi-chain stablecoin routing with a wide chain footprint.

Geographic coverage (51 countries)

• Americas (7): Argentina, Brazil, Chile, Colombia, Mexico, Peru, US
• APAC (6): India, Indonesia, Philippines, Singapore, Thailand, Vietnam
• Middle East (3): Saudi Arabia, Turkey, UAE
• Africa (4): Ghana, Kenya, Nigeria, South Africa
• Europe (31): Full EEA + UK

Chains and stablecoins (8 chains)

Solana, Ethereum, Polygon, Arbitrum, Avalanche, Base, Tron, Aptos. Stablecoins: USDC, USDT, EURC.

Fiat rails

ACH + Wire (US), PIX (Brazil), SPEI (Mexico), bank transfers across LATAM, SEPA + SEPA Instant (EU), Faster Payments (UK), local rails across APAC and MENA, bank transfers across Africa, SWIFT (global).

Virtual accounts

USD (ACH routing/Wire), EUR (IBAN).

FX pricing

Not publicly disclosed.

Licensing

No license data published.

Considerations

• No licensing disclosed
• Virtual accounts limited to USD and EUR only
• No card issuance, yield orchestration, or stablecoin issuance

8. TransFi

TransFi is a Dubai-based stablecoin payments infrastructure company focused on emerging markets, with $19.2M raised in March 2026. It covers 53 countries with particular depth in Southeast Asia and South Asia. The company reports 2M+ end users and 16x revenue growth since its 2024 seed round. Its $5B processed volume target for FY2026 is a forward-looking figure, not confirmed actuals.

Best for: Businesses with heavy Southeast Asia, South Asia, and MENA payment flows that need a wide local payment method library alongside stablecoin settlement.

Geographic coverage (53 countries)

• APAC (9): Bangladesh, India, Indonesia, Malaysia, Philippines, Singapore, South Korea, Thailand, Vietnam
• Americas (6): Argentina, Brazil, Colombia, Mexico, Peru, US
• Africa (4): Ghana, Kenya, Nigeria, South Africa
• Middle East (3): Saudi Arabia, Turkey, UAE
• Europe (31): Full EEA + UK

Chains and stablecoins (4 chains)

Ethereum, Polygon, Tron, Solana. Stablecoins: USDC, USDT.

Fiat rails

Bank transfer + cards (US), PIX (Brazil), SPEI (Mexico), bank transfers across LATAM, GCash + bank transfer (Philippines), UPI + bank transfer (India), PromptPay (Thailand), DuitNow (Malaysia), bank transfers across Indonesia, Vietnam, South Korea, Bangladesh, M-Pesa (Kenya), mobile money (Ghana), EFT (South Africa), bank transfer (Nigeria), bank transfers across UAE, Saudi Arabia, Turkey, SEPA Credit Transfer (EU), Faster Payments (UK).

Virtual accounts

USD (IBAN/virtual account), EUR (IBAN/virtual account).

FX pricing

Costs drop from 3.5% to under 1% vs. traditional rails per company disclosure.

Licensing

• VASP: Lithuania/EU (active)

Considerations

• $5B volume figure is a forward-looking target, not confirmed actuals
• Lithuania VASP only; limited regulatory coverage outside EU
• No card issuance or stablecoin issuance

9. Iron (via MoonPay)

Iron is a stablecoin banking API platform acquired by MoonPay for $100M+ in March 2025. Berlin-based, it serves PSPs, fintechs, and enterprise treasuries building stablecoin-powered banking products. It holds one of the most comprehensive licensing stacks on this list.

Best for: PSPs, enterprise treasuries, and regulated institutions in EU, UK, and US that need MiCA-compliant stablecoin settlement with deep multi-jurisdiction licensing.

Geographic coverage (35 countries)

• Americas (3): Brazil, Canada, US
• APAC (1): Australia
• Europe (31): Full EEA + UK

Chains and stablecoins (4 chains)

Ethereum, Solana, Polygon, Base. Stablecoins: USDC, USDT, PYUSD, EURC.

Fiat rails

ACH + Wire (US), EFT (Canada), PIX via MoonPay (Brazil), SEPA + SEPA Instant (EU), Faster Payments (UK), SWIFT (global).

Virtual accounts

EUR (IBAN), USD (ACH routing/Wire), GBP (Sort code).

FX pricing

~1% MoonPay transaction fee.

Licensing

• MiCA: EU (active)
• EMI: UK (active)
• MTL: 47 US states (active)
• BitLicense: New York (active)
• MSB: Canada (active)
• MSB: Australia (active)

Considerations

• Not independent; roadmap follows MoonPay priorities
• No APAC beyond Australia; no Africa; no Middle East
• Volume not separately disclosed from MoonPay

10. MuralPay

MuralPay is a stablecoin payroll and cross-border API with $5.6M seed raised, backed by Galaxy Digital, DCG, and Firstminute Capital. $200M+ in total processed volume with 5,000+ monthly stablecoin payment transactions.

Best for: Fintechs, marketplaces, and platforms making contractor, vendor, and AP payments across LATAM -- particularly Colombia, Mexico, Brazil, Argentina, Chile, and Peru.

Geographic coverage (38 countries)

• Americas (7): Argentina, Brazil, Chile, Colombia, Mexico, Peru, US
• Europe (31): Full EEA + UK

Chains and stablecoins (4 chains)

Solana, Ethereum, Arbitrum, Optimism. Stablecoins: USDC, USDT.

Fiat rails

ACH + Wire (US), PIX (Brazil, payout only), SPEI (Mexico, payout only), bank transfer (Colombia, payout only), bank transfers across Argentina, Chile, Peru, SEPA Credit Transfer (EU).

Virtual accounts

USD (Global Stablecoin Account).

FX pricing

Transparent FX; specific basis points not disclosed.

Licensing

No license data published.

Considerations

• No APAC, Africa, or Middle East coverage
• Several LATAM fiat rails are payout-only; no collections in Brazil, Mexico, or Colombia
• Only USD virtual accounts
• No licensing disclosed

11. Fipto

Fipto is Europe's first dual-licensed stablecoin settlement provider, holding both a Payment Institution license and a MiCA CASP license in France. EUR 15M seed raised from Serena and Motier Ventures.

Best for: Enterprise B2B cross-border platforms, payment companies, and treasury teams in the EU that require the highest level of EU regulatory credibility alongside stablecoin settlement.

Geographic coverage (47 countries)

• Europe (31): Full EEA + UK
• APAC (8): Australia, Hong Kong, India, Indonesia, Japan, Philippines, Singapore, Thailand
• Africa (4): Ghana, Kenya, Nigeria, South Africa
• Americas (2): Brazil, Mexico
• Middle East (2): Saudi Arabia, UAE

Chains and stablecoins (3 chains)

Ethereum, Solana, Base. Stablecoins: USDC, EURC, EURCV.

Fiat rails

SEPA Instant 24/7 + SEPA Credit Transfer (EU), Faster Payments (UK), PIX (Brazil), SPEI (Mexico), UPI (India), bank transfers across APAC, mobile money across Africa, bank transfers across Saudi Arabia and UAE, SWIFT (global).

Virtual accounts

EUR (IBAN), USD (IBAN), GBP (Sort code).

FX pricing

Transparent upfront fees; degressive volume-based pricing; custom per client.

Licensing

• PI: France/EU (active)
• MiCA CASP: France/EU (active) -- Europe's first dual PI + MiCA licensed provider

Considerations

• Only 3 chains; narrowest chain support on this list
• Americas coverage limited to Brazil and Mexico
• No volume figures disclosed
• Stablecoin selection limited to USDC, EURC, and EURCV

12. BlindPay

BlindPay is a LATAM-focused stablecoin API out of YC W25, with $3.3M seed raised. Despite covering only 5 countries, it processed $300M+ in January 2026 alone -- a volume figure that signals strong product-market fit in its specific lane.

Best for: Developers and crypto-native fintechs that need deep, low-cost LATAM local rail integration -- particularly PIX for Brazil, SPEI for Mexico, and PSE for Colombia.

Geographic coverage (5 countries)

• Americas (5): Argentina, Brazil, Colombia, Mexico, US

Chains and stablecoins (7 chains)

Ethereum, Base, Arbitrum, Polygon, Stellar, Solana, Tron. Stablecoins: USDC, USDT.

Fiat rails

ACH + Wire + RTP + SWIFT (US), PIX (Brazil), SPEI (Mexico), PSE (Colombia), bank transfer (Argentina).

Virtual accounts

USD (Named Virtual Account).

FX pricing

Low fees, no pre-funding required; specific basis points not disclosed.

Licensing

No license data published.

Considerations

• 5 countries only; no coverage outside LATAM
• No licensing disclosed
• Seed stage

How to choose the right stablecoin infrastructure provider

The right provider depends on three variables: which corridors you need to cover, whether your flows are stablecoin-native or hybrid fiat-stablecoin, and what your regulatory counterparty requirements are.

You need APAC coverage

Due (16 APAC countries with local rails including UPI, FAST, PromptPay, DuitNow, BI-FAST, NAPAS, Raast) and TransFi (9 APAC countries with strong SEA depth including GCash and DuitNow) are the strongest options on this list for the region.

You need Africa coverage

Conduit leads with 23 African countries and mobile money across West and Central Africa. Due covers 17 African countries with direct local rails. Noah covers 11.

You need LATAM, Africa, and APAC from one integration

‍Due is the only provider on this list with verified local rail coverage across all three simultaneously.

You are enterprise EU/UK/US with high volume

‍BVNK processes $30B annualized with full MiCA, EMI, and MTL licensing across EU, UK, and US. Iron has the strongest multi-jurisdiction licensing stack for regulated institutions needing MiCA, EMI, UK BitLicense, and Australian MSB in a single counterparty. Fipto is the right choice if dual PI + MiCA CASP is a hard regulatory requirement.

You need multi-rail redundancy across SWIFT, local, and stablecoin

‍Routefusion is architecturally distinct from every other provider here. Its core value is automatic failover across multiple banking partners. Worth evaluating if corridor reliability matters more than stablecoin-native settlement depth.

You are LATAM-only

‍BlindPay for developer-first, crypto-native LATAM flows. MuralPay for contractor AP and payroll across Colombia, Mexico, Brazil, Argentina, Chile, and Peru.

You are Stripe-native

‍Bridge is the lowest-friction path. Account for the 1% FX ceiling and the absence of APAC, Africa, and Middle East coverage.

You need the widest chain footprint

‍Due (14 chains) leads, followed by Sphere (8 chains) and Bridge (8 chains). Routefusion (1 chain, USDC on Ethereum only) is the most constrained.

For more on how to evaluate payment rail depth by corridor, see our guide to local payment rails vs. SWIFT. For a breakdown of how FX spread structures compound at scale, see our analysis of FX spreads and hidden cross-border payment costs. For a deeper look at stablecoins in cross-border payments, see our guide to stablecoins in cross-border payments.

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