Stablecoin payments now available through Modern Treasury platform with ACH and wire transfers
Modern Treasury has added stablecoin capabilities to its payment infrastructure, merging USDG, USDP and USDC with conventional payment systems.
A payment operations software company called Modern Treasury, which specializes in helping businesses manage and reconcile the movement of funds, has launched an integrated payment service provider (PSP) offering support for both conventional fiat payment rails and digital stablecoins.
The announcement came on Wednesday, revealing that the firm has incorporated stablecoin settlement capabilities into the same infrastructure currently utilized by businesses for ACH transfers, wire payments and real-time payment systems. The platform initially supports Global Dollar (USDG), Pax Dollar (USDP) and USDC (USDC) at launch, while USDt (USDT) is planned for future integration.
Modern Treasure completed the acquisition of Beam, a platform handling both stablecoin and fiat payments, in October.
Through a partnership with Paxos, the company has integrated regulated stablecoins and settlement functionalities into its platform, and has become a member of the Global Dollar Network. The San Francisco-headquartered Modern Treasury is also a participant in Circle's Alliance Program, which functions as a partner network supporting expanded adoption of the USDC stablecoin across payments and financial services sectors.
This development brings stablecoins under a unified compliance framework that also encompasses traditional banking rails. Businesses leveraging Modern Treasury's services will no longer require separate vendors or distinct technical integrations for handling crypto-based and fiat payment processing.
This enhancement essentially positions stablecoins as an additional settlement alternative within standard payment workflows, which could reduce operational hurdles for companies looking to incorporate blockchain-based payment rails into their systems.
Stablecoins move deeper into mainstream financial infrastructure
The newest integration from Modern Treasury arrives during a period of expanding stablecoin adoption throughout the payments sector, especially following the enactment of the US GENIUS Act last July, which created a federal regulatory framework for dollar-backed stablecoins.
The aggregate value of stablecoins in circulation experienced growth of nearly 50% last year, crossing the $300 billion threshold for the first time. Recent months have seen this growth decelerate, with supply levels stabilizing around that benchmark amid more restrictive liquidity conditions and a moderating crypto market environment.
Nevertheless, issuance volumes continue near all-time peaks, indicating persistent demand for dollar-pegged digital assets across use cases including trading, cross-border transfers and settlement operations.
The nation's largest banking institutions have also indicated growing interest in stablecoins and associated technologies. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo have reportedly been engaging in preliminary discussions regarding a collaboratively operated stablecoin project, although these plans remain in a conceptual phase.
Last month, Fidelity Investments revealed its intentions to launch a new stablecoin named the Fidelity Digital Dollar. Fidelity Digital Assets president Mike O'Reilly characterized stablecoins as "foundational payment and settlement services."