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Conduit gives businesses and platforms USD, EUR and GBP virtual accounts and stablecoin wallets, with payouts over SWIFT, SEPA and local rails, through an API or a web dashboard.
Conduit is ranked in 2 Buckingham Intelligence indices. Its highest score is 2.5 out of 5 (51 out of 100) in the Stablecoin Settlement Index, where it ranks 9 of 14. It is strongest for emerging market firms needing USD accounts and payouts, and its best criterion is coins and rails at 4 out of 5. Not published or not stated on the pages read: licences, stablecoins and networks, fees and protection.
Also ranked in: Global Trade Banking Index (1.9 out of 5, rank 21 of 26).
Scores from the Global Trade Banking Index and Stablecoin Settlement Index 2026.
No award in the Stablecoin Settlement Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For receiving from buyers | 52 | 10 of 14 |
| For paying suppliers | 47 | 10 of 14 |
| For treasury and holding | 53 | 9 of 14 |
No award in the Global Trade Banking Index 2026.
| Segment | Score out of 100 | Rank |
|---|---|---|
| For importers | 34 | 21 of 26 |
| For exporters | 41 | 21 of 26 |
| For wholesalers and distributors | 39 | 20 of 26 |
The score out of 5 is the overall score out of 100 divided by 20. Leader goes to the top three overall, Best for to the first in each segment, and Top rated for to a score of 5 out of 5 on a criterion. Awards cannot be bought.
Where it scores best, and where to check closely, as shown in each ranking.
Emerging market firms needing USD accounts and payouts.
Companies in 100+ countries settling trade in stablecoins.
What Conduit publishes on its own pages, read on 21 October 2026.
Conduit gives businesses and platforms USD, EUR and GBP virtual accounts and stablecoin wallets, with payouts over SWIFT, SEPA and local rails, through an API or a web dashboard. It is registered rather than licensed in the US and Canada and uses partner banks; fees sit inside the exchange rate and are not published.
| Fact | What the provider publishes |
|---|---|
| Legal status | Conduit Technology, Inc. 'is registered with the Financial Crimes Enforcement Network (FinCEN) as an MSB and operates from the state of Montana'. Canada: 12835304 Canada Inc. (d/b/a Conduit), FINTRAC MSB and Bank of Canada payment service provider. 'Conduit is a financial technology company, not a bank.' |
| Licences | No state money transmitter licences or registration numbers published. 'Any banking services made available through Conduit are provided by third-party banking partners.' |
| Stablecoins and networks | Stablecoins 'such as USDC and USDT'; homepage also lists USDH. Wallets hold 'any stablecoin across multiple chains'; networks not named. Virtual accounts in USD, EUR and GBP. |
| Bank rails | Homepage: Fedwire, FedNow, RTP, SWIFT, SEPA Instant, UK RTGS, PIX, TED and SPEI; 'Send named payments via SWIFT, SEPA and many near-instant local rails'. |
| Fees | Money transmission fees deducted and notified before each transfer; exchange rates 'shall be inclusive of service fees, if any'; Conduit converts 'as principal'. Homepage: 'Competitive, tiered pricing based on volume.' No figures published. |
| Settlement | Terms: USD to USD transfers initiated by 11:00 am ET 'sent the same day'; other requests 'processed within two (2) banking days'. Homepage rail times: Fedwire '0-4 hours', SWIFT '0-8 hours', FedNow, RTP, SEPA Instant, PIX and SPEI instant. |
| Access | 'Onboard customers from 100+ countries' with a map of supported, enhanced due diligence and unsupported countries; no country list in text; a restricted countries list applies. Business use only. API and 'No-Code Treasury Dashboard'. |
| Protection | 'Conduit maintains Client funds in safeguarded accounts that are segregated from Conduit's corporate operating accounts'; client value 'is not loaned, pledged, or rehypothecated'; may sit temporarily in accounts holding Conduit's own funds. |
| Date read | 21 October 2026 |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 21 October 2026 from: conduitpay.com, conduitpay.com/mta-terms, conduitpay.com/guides/….
Conduit is a FinCEN and FINTRAC registered money services business, not a bank, offering named USD accounts, virtual IBANs and USD, EUR and GBP alongside stablecoins for businesses from more than 100 countries under a published country risk ranking. Pricing is tiered and not published beyond a 10 basis point USDT example, with a $35 fee under its 10,000 USD minimum. It publishes no protection statement.
| Fact | What the provider publishes |
|---|---|
| Account fee | Not published |
| FX margin | Not published; 10 basis points quoted as a USDT example |
| Receiving | Named USD accounts and virtual IBANs; USD, EUR, GBP and stablecoins |
| Paying suppliers | Tiered, not published; $35 under the 10,000 USD minimum |
| Stablecoins | USDT and USDC in and out |
| Finance | None |
| Onboarding | 100+ countries by published risk ranking |
| Protection | No protection statement published |
| Date read | 21 October 2026 |
Who can open an account, by country of registration
| Country | Published position |
|---|---|
| United Kingdom | Yes |
| United States | Yes |
| Mexico | Yes |
| Brazil | Yes |
| Colombia | Yes |
| Hong Kong | Yes |
| China | Enhanced due diligence |
| Türkiye | Enhanced due diligence |
| UAE | Yes |
| Nigeria | Enhanced due diligence |
| Pakistan | Enhanced due diligence |
A fact that is not published is scored as not offered or, for a fee, as if it were high. It is never estimated.
Facts read on 21 October 2026 from: conduitpay.com, conduitpay.com/about, conduitpay.com/restricted-countries, cdn.prod.website-files.com/…, support.conduitpay.com, support.conduitpay.com/faq.
Each score with the evidence behind it.
Each criterion is scored 0 to 5 against the best published offer in the Stablecoin Settlement Index. 0 means not offered or not published. How it is scored
Each criterion is scored 0 to 5 against the best published offer in the Global Trade Banking Index. 0 means not offered or not published. How it is scored
The other providers in the same ranking, ordered by score.
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Circle Mint | 4.0 | 1 of 14 | Minting and redeeming USDC at scale |
| Bridge | 3.7 | 2 of 14 | Moving between stablecoins and local bank rails |
| Brale | 3.6 | 3 of 14 | US businesses wanting a full public price list |
| BVNK | 3.4 | 4 of 14 | Businesses needing US, EU and UK rails together |
| Paxos | 3.3 | 5 of 14 | Fee-free minting of USDG and PYUSD |
| Stripe | 3.1 | 6 of 14 | Taking stablecoin payments at checkout |
| Ramp | 3.0 | 7 of 14 | US firms paying suppliers in stablecoins at no fee |
| Bitso Business | 2.8 | 8 of 14 | Real-time payouts in Mexico and Brazil |
| Reap | 2.4 | 10 of 14 | Asian firms paying suppliers from USDC or USDT |
| MoonPay Enterprise | 2.0 | 11 of 14 | Platforms paying out stablecoins as local fiat |
| Revolut Business | 1.9 | 12 of 14 | Firms already banking with Revolut |
| Coinbase Business | 1.9 | 13 of 14 | US and Singapore firms invoicing in USDC |
| Triple-A | 1.1 | 14 of 14 | Merchants in Asia and Europe settling to IBAN |
Full Stablecoin Settlement Index ranking
| Provider | Score out of 5 | Rank | Strongest for |
|---|---|---|---|
| Wise Business | 3.8 | 1 of 26 | Transparent FX and receiving in 22 currencies |
| WorldFirst | 3.5 | 2 of 26 | Importers paying Asian suppliers, no account fees |
| Airwallex | 3.5 | 3 of 26 | Free local supplier payments to 120+ countries |
| Statrys | 3.1 | 4 of 26 | Hong Kong, Singapore and BVI companies trading with Asia |
| XTransfer | 3.1 | 5 of 26 | Trade with China and emerging-market collection |
| Aspire | 3.0 | 6 of 26 | Singapore, Hong Kong and US-nexus companies trading in Asia |
| Currenxie | 3.0 | 7 of 26 | Asian and Mexican traders collecting in nine currencies |
| Payoneer | 3.0 | 8 of 26 | Marketplace sellers and exporters in 190+ countries |
| Mercury | 2.8 | 9 of 26 | US-registered companies with founders abroad |
| Ebury | 2.8 | 10 of 26 | Mid-size traders needing supplier finance with their FX |
| Verto | 2.7 | 11 of 26 | African exporters collecting in NGN, KES and ZAR |
| 3S Money | 2.7 | 12 of 26 | Non-resident companies from 190+ countries wanting UK and EU IBANs |
| Slash | 2.5 | 13 of 26 | Non-US wholesalers spending in dollars and receiving USDT |
| Revolut Business | 2.5 | 14 of 26 | UK, EEA and US companies wanting cards and FX allowances |
| Shield | 2.5 | 15 of 26 | Wholesalers in Latin America paid in USDT |
| OFX | 2.4 | 16 of 26 | FX-heavy traders wanting a dealer on the phone |
| Tazapay | 2.4 | 17 of 26 | Exporters collecting from buyers in 85+ markets |
| Wio Bank | 2.4 | 18 of 26 | UAE trade licence holders wanting a bank with lending |
| HSBC UK | 2.3 | 19 of 26 | UK traders needing letters of credit and trade finance |
| iBanFirst | 2.0 | 20 of 26 | EEA and UK companies exchanging €200,000 or more a year |
| Bitso Business | 1.8 | 22 of 26 | Latin American traders settling on Pix, SPEI and ACH |
| Flutterwave | 1.7 | 23 of 26 | African exporters receiving USD, GBP, EUR and AED |
| Equals Money | 1.7 | 24 of 26 | UK businesses wanting cards and 40 currencies in one account |
| Moneycorp | 1.7 | 25 of 26 | UK and Irish traders wanting dealer-led FX |
| Nium | 1.6 | 26 of 26 | Platforms and fintechs embedding payouts, not yet small traders |
Side by side on every criterion, fact and award.
Head-to-head comparisons cover pairs within the top five of each ranking. Conduit is compared with its alternatives in the table above.
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