Modern Treasury has introduced a payment service provider (PSP) that processes stablecoin payments on the same infrastructure as ACH and wire transfers, Cointelegraph reported on Feb. 18 local time.
The move allows companies to run cryptocurrency and fiat payments simultaneously without separate vendors or technical integration. The update processes stablecoins within the same regulatory framework as traditional payment systems, allowing companies to use them as a new payment option.
Modern Treasury acquired stablecoin and fiat payment platform Beam in October last year to secure related technology. The integration also includes a partnership with Paxos to support stablecoins and payment functions provided under regulation. Modern Treasury has also joined the Global Dollar Network. It is also participating in Circle’s Alliance Program, which supports use of the USDC stablecoin.
Chi-gyu Hwang
delight@d-today.co.kr