Modern Treasury integrates stablecoin settlement alongside ACH and wires
The payment software company has integrated stablecoin settlement into its existing payments stack, combining USDG, USDP and USDC with traditional rails.
Modern Treasury, a payments operations software provider that helps companies manage and reconcile money movement, has introduced an integrated payment service provider (PSP) that supports both traditional fiat rails and stablecoins.
On Wednesday, the company announced that it has added stablecoin settlement to the same infrastructure that businesses already use for ACH transfers, wire payments and real-time payment networks. At launch, the platform supports Global Dollar (USDG), Pax Dollar (USDP) and USDC (USDC), with USDt (USDT) expected to be added in the future.
Modern Treasure acquired stablecoin and fiat payment platform Beam in October.