Summary
- Modern Treasury said it has introduced stablecoin settlement capabilities into its existing payments stack.
- It added that corporate customers can process USDG, USDP and USDC payments within existing treasury and accounting systems without building separate infrastructure.
- Modern Treasury said it plans to support Tether (USDT) and has strengthened related capabilities through the acquisition of stablecoin startup Beam.
Payments infrastructure firm Modern Treasury has introduced stablecoin settlement capabilities into its existing payments stack. As a result, corporate customers can process stablecoin payments using their current infrastructure.
According to Cointelegraph, a digital asset (cryptocurrency) outlet, on the 18th (local time), Modern Treasury said it will support stablecoin settlement through the same systems it has used for ACH, wire transfers and real-time payment rails. Supported stablecoins currently include USDG, USDP and USDC, with plans to add Tether (USDT) later.
With the rollout, companies can integrate stablecoin payments into existing treasury and accounting systems without building separate payments infrastructure. Modern Treasury previously bolstered its capabilities in the space by acquiring stablecoin startup Beam.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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