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An independent annual ranking of the services that let a business receive and pay in stablecoins and settle to bank money, scored from each provider's own published terms. 14 providers, six criteria, nothing paid for.
Scores out of 100. Each segment weights the criteria differently; the method is below. Facts read on 21 October 2026 from the providers' own pages.
The mean of the 3 segment scores.
| Rank and provider | Score /100 | Status | Strongest for |
|---|---|---|---|
| 1. Circle Mint | 79 | US money transmitter, EU e-money institution | Minting and redeeming USDC at scale |
| 2. Bridge | 74 | US money transmitter, EU e-money institution, Stripe group | Moving between stablecoins and local bank rails |
| 3. Brale | 73 | US money transmitter and stablecoin issuer | US businesses wanting a full public price list |
| 4. BVNK | 67 | UK and Malta e-money institution, US money transmitter | Businesses needing US, EU and UK rails together |
| 5. Paxos | 66 | US national trust bank (OCC) | Fee-free minting of USDG and PYUSD |
| 6. Stripe | 62 | US money transmitter; stablecoins custodied by Bridge | Taking stablecoin payments at checkout |
| 7. Ramp | 61 | US fintech; stablecoin services by Bridge | US firms paying suppliers in stablecoins at no fee |
| 8. Bitso Business | 55 | Latin American payments group, Mexican IFPE | Real-time payouts in Mexico and Brazil |
| 9. Conduit | 51 | US and Canadian registered money services business | Emerging market firms needing USD accounts and payouts |
| 10. Reap | 48 | Hong Kong fintech, Payward group | Asian firms paying suppliers from USDC or USDT |
| 11. MoonPay Enterprise | 40 | US money transmitter, EU crypto-asset service provider | Platforms paying out stablecoins as local fiat |
| 12. Revolut Business | 39 | UK bank group; FCA registered cryptoasset firm | Firms already banking with Revolut |
| 13. Coinbase Business | 38 | US money transmitter | US and Singapore firms invoicing in USDC |
| 14. Triple-A | 22 | Singapore major payment institution, EU payment institution | Merchants in Asia and Europe settling to IBAN |
Weighted to licences, fees, rails and settlement speed in equal measure.
| Rank and provider | Score /100 | Status | Strongest for |
|---|---|---|---|
| 1. Circle Mint | 76 | US money transmitter, EU e-money institution | Minting and redeeming USDC at scale |
| 2. Bridge | 76 | US money transmitter, EU e-money institution, Stripe group | Moving between stablecoins and local bank rails |
| 3. Brale | 74 | US money transmitter and stablecoin issuer | US businesses wanting a full public price list |
| 4. BVNK | 70 | UK and Malta e-money institution, US money transmitter | Businesses needing US, EU and UK rails together |
| 5. Paxos | 66 | US national trust bank (OCC) | Fee-free minting of USDG and PYUSD |
| 6. Ramp | 64 | US fintech; stablecoin services by Bridge | US firms paying suppliers in stablecoins at no fee |
| 7. Stripe | 60 | US money transmitter; stablecoins custodied by Bridge | Taking stablecoin payments at checkout |
| 8. Bitso Business | 58 | Latin American payments group, Mexican IFPE | Real-time payouts in Mexico and Brazil |
| 9. Reap | 56 | Hong Kong fintech, Payward group | Asian firms paying suppliers from USDC or USDT |
| 10. Conduit | 52 | US and Canadian registered money services business | Emerging market firms needing USD accounts and payouts |
| 11. MoonPay Enterprise | 40 | US money transmitter, EU crypto-asset service provider | Platforms paying out stablecoins as local fiat |
| 12. Revolut Business | 38 | UK bank group; FCA registered cryptoasset firm | Firms already banking with Revolut |
| 13. Coinbase Business | 36 | US money transmitter | US and Singapore firms invoicing in USDC |
| 14. Triple-A | 20 | Singapore major payment institution, EU payment institution | Merchants in Asia and Europe settling to IBAN |
Weighted to published fees and licences, with rails and access close behind.
| Rank and provider | Score /100 | Status | Strongest for |
|---|---|---|---|
| 1. Brale | 75 | US money transmitter and stablecoin issuer | US businesses wanting a full public price list |
| 2. Circle Mint | 74 | US money transmitter, EU e-money institution | Minting and redeeming USDC at scale |
| 3. Bridge | 69 | US money transmitter, EU e-money institution, Stripe group | Moving between stablecoins and local bank rails |
| 4. Paxos | 66 | US national trust bank (OCC) | Fee-free minting of USDG and PYUSD |
| 5. Stripe | 65 | US money transmitter; stablecoins custodied by Bridge | Taking stablecoin payments at checkout |
| 6. Ramp | 64 | US fintech; stablecoin services by Bridge | US firms paying suppliers in stablecoins at no fee |
| 7. BVNK | 63 | UK and Malta e-money institution, US money transmitter | Businesses needing US, EU and UK rails together |
| 8. Reap | 53 | Hong Kong fintech, Payward group | Asian firms paying suppliers from USDC or USDT |
| 9. Bitso Business | 51 | Latin American payments group, Mexican IFPE | Real-time payouts in Mexico and Brazil |
| 10. Conduit | 47 | US and Canadian registered money services business | Emerging market firms needing USD accounts and payouts |
| 11. Revolut Business | 43 | UK bank group; FCA registered cryptoasset firm | Firms already banking with Revolut |
| 12. MoonPay Enterprise | 42 | US money transmitter, EU crypto-asset service provider | Platforms paying out stablecoins as local fiat |
| 13. Coinbase Business | 37 | US money transmitter | US and Singapore firms invoicing in USDC |
| 14. Triple-A | 22 | Singapore major payment institution, EU payment institution | Merchants in Asia and Europe settling to IBAN |
Weighted to protection and licences: how safely balances are held.
| Rank and provider | Score /100 | Status | Strongest for |
|---|---|---|---|
| 1. Circle Mint | 88 | US money transmitter, EU e-money institution | Minting and redeeming USDC at scale |
| 2. Bridge | 77 | US money transmitter, EU e-money institution, Stripe group | Moving between stablecoins and local bank rails |
| 3. BVNK | 69 | UK and Malta e-money institution, US money transmitter | Businesses needing US, EU and UK rails together |
| 4. Brale | 69 | US money transmitter and stablecoin issuer | US businesses wanting a full public price list |
| 5. Paxos | 67 | US national trust bank (OCC) | Fee-free minting of USDG and PYUSD |
| 6. Stripe | 60 | US money transmitter; stablecoins custodied by Bridge | Taking stablecoin payments at checkout |
| 7. Bitso Business | 57 | Latin American payments group, Mexican IFPE | Real-time payouts in Mexico and Brazil |
| 8. Ramp | 56 | US fintech; stablecoin services by Bridge | US firms paying suppliers in stablecoins at no fee |
| 9. Conduit | 53 | US and Canadian registered money services business | Emerging market firms needing USD accounts and payouts |
| 10. Coinbase Business | 41 | US money transmitter | US and Singapore firms invoicing in USDC |
| 11. MoonPay Enterprise | 39 | US money transmitter, EU crypto-asset service provider | Platforms paying out stablecoins as local fiat |
| 12. Revolut Business | 37 | UK bank group; FCA registered cryptoasset firm | Firms already banking with Revolut |
| 13. Reap | 35 | Hong Kong fintech, Payward group | Asian firms paying suppliers from USDC or USDT |
| 14. Triple-A | 23 | Singapore major payment institution, EU payment institution | Merchants in Asia and Europe settling to IBAN |
Each criterion is scored 0 to 5 against the best published offer in this edition. 0 means not offered or not published.
| Provider | Licences | Published fees | Coins and rails | Settlement | Access | Protection |
|---|---|---|---|---|---|---|
| Circle Mint | 5 | 1 | 4 | 4 | 5 | 5 |
| Bridge | 5 | 1 | 5 | 5 | 2 | 4 |
| Brale | 3 | 5 | 3 | 4 | 4 | 3 |
| BVNK | 5 | 1 | 4 | 5 | 2 | 3 |
| Paxos | 5 | 4 | 2 | 3 | 2 | 3 |
| Stripe | 4 | 3 | 4 | 1 | 4 | 2 |
| Ramp | 1 | 5 | 3 | 4 | 3 | 3 |
| Bitso Business | 3 | 1 | 3 | 5 | 2 | 3 |
| Conduit | 2 | 0 | 4 | 4 | 3 | 3 |
| Reap | 1 | 3 | 5 | 4 | 2 | 0 |
| MoonPay Enterprise | 5 | 0 | 4 | 0 | 2 | 0 |
| Revolut Business | 3 | 3 | 2 | 0 | 2 | 1 |
| Coinbase Business | 4 | 0 | 2 | 1 | 3 | 1 |
| Triple-A | 3 | 0 | 1 | 0 | 2 | 0 |
6 criteria, scored only from what each provider publishes.
Licences held in the provider's own name: US state money transmitter licences, FCA, MiCA, MAS, VARA and others, with numbers published.
On-ramp and off-ramp percentages, FX margins and minimums on a pricing page.
Stablecoins and networks supported, and the bank rails in and out: ACH, Fedwire, SWIFT, SEPA, Faster Payments, Pix, SPEI.
The stated time from stablecoin receipt to money in a bank account, and the reverse.
Countries of incorporation accepted, minimums, onboarding time and whether a dashboard is offered as well as an API.
How client funds and coins are held: custody arrangement, reserves, insurance and segregation.
| Criterion | Receiving from buyers | Paying suppliers | Treasury and holding |
|---|---|---|---|
| Licences | 20 | 20 | 25 |
| Published fees | 20 | 25 | 10 |
| Coins and rails | 20 | 20 | 10 |
| Settlement | 20 | 10 | 10 |
| Access | 10 | 15 | 15 |
| Protection | 10 | 10 | 30 |
| Criterion | 5 | 3 | 0 |
|---|---|---|---|
| Licences | Licences in its own name in the US and at least one other major market, with numbers | Licences in one market, or registration only | Relies on partners only, or not published |
| Published fees | On and off-ramp fees and FX published on a pricing page | A fee range or example only | Not published |
| Coins and rails | USDC and USDT on four or more networks, plus US, EU and UK bank rails | Two coins and one region's rails | Not published |
| Settlement | Same-day settlement to bank published | Within three business days | Not published |
| Access | 100 or more countries, published list, dashboard and API | One region, or API only | Not published |
| Protection | Named custody, published reserves or insurance figure, segregated client funds | Segregation stated without detail | Not published |
Score out of 100 is the sum of each criterion score divided by five and multiplied by its weight. The overall ranking is the mean of the segment scores. Ties are broken by licences, then published fees. A provider that does not publish a price is scored as though the price were high, because a business cannot plan on an unpublished price. Prices are scored on the standard published rate, never an introductory, promotional or "from" rate, and a figure counts only when it appears on a pricing, fee or terms page rather than in a marketing line. A provider that serves one country only is scored on access for that country, and the limitation is printed in its profile.
What each provider publishes, criterion by criterion, with the date read and the source.
Circle issues USDC and EURC. Circle Mint lets institutions convert bank money into USDC or EURC and redeem 1:1 back to a bank account, through a web console or API. It holds the widest set of licences in its own name of any provider assessed, but publishes no fee schedule and does not list USDT.
| Legal status | US: 'Circle Internet Financial, LLC (NMLS ID# 1201441)'; New York 'Virtual Currency License, BL000042' and 'New York Money Transmitter License, MT104963'; First National Digital Currency Bank, N.A., operating as Circle National Trust, OCC 'Federal - Charter Number 25361'. |
| Licences | State licences listed for 46 states (45 money transmitter licences and a Georgia seller of payment instruments licence), Washington DC and Puerto Rico (California DFAL 'Application Pending'). France: Circle Internet Financial Europe SAS, ACPR 'Electronic Money Institution License No. 17788' and AMF 'Crypto-Asset Services Provider - Authorization No. E2026-005'. Singapore: 'Major Payment Institution License No. PS20200630'. UK: 'Financial Conduct Authority E-Money Issuer License, No. 900480'. Bermuda: DAB License No. 54786. ADGM: 'Financial Services Permission Number 250035'. |
| Stablecoins and networks | USDC, EURC and cirBTC. 'USDC is natively supported across 38 blockchain networks' (multi-chain page, June 2026). USDT not listed. |
| Bank rails | 'FedWire and SWIFT'; real-time rails 'RTP, SPEI, SEPA, and CHATS, in supported regions'; book transfers with a Circle settlement partner. |
| Fees | No fee schedule published. Business page: 'distributors can avoid extra fees'. Developer docs: 'Circle covers gas fees for outbound stablecoin transfers in most cases.' |
| Settlement | Mint: domestic wires received before the daily cutoff 'settle on the same business day'; international wires 1 to 3 business days. Redemption: payouts 'typically settle on the next business day.' |
| Access | 'Circle stablecoins are available to mint and redeem' in '185+ countries', with a linked list of eligible regions. 'Circle Mint is not available to individuals.' Web console and APIs. |
| Protection | US assets held at Circle National Trust, 'institutional-grade protection and asset segregation', 'structured to be bankruptcy remote'; 'not FDIC-insured'. Reserves: majority in the Circle Reserve Fund (USDXX), 'an SEC-registered 2a-7 government money market fund', with portfolio reporting published via BlackRock; remainder in cash, mostly at large banks; monthly assurance by 'a Big Four accounting firm'; holdings disclosed weekly. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: circle.com, www.circle.com, circle.com, developers.circle.com, www.circle.com, www.circle.com.
Bridge, part of the Stripe group, converts between stablecoins and bank money through virtual accounts and an API, with one of the widest sets of networks and local rails among the providers assessed. It publishes rail timings and minimums but not its on-ramp or off-ramp fees.
| Legal status | 'Bridge Building Inc. (NMLS ID 2450917)' for US residents. Company page: EEA services from Bridge Building S.A., 'authorized by the CSSF as a crypto-asset service provider (N00000012) and an electronic money institution (W00000024)'; residents outside the US and EEA served by Bridge Building Limited. Stripe blog: stablecoin balances are 'powered by Bridge', which Stripe acquired. |
| Licences | Money transmitter or equivalent licences listed for 32 states and Washington DC, plus a Louisiana virtual currency licence. Poland: Bridge Building Sp. z o.o., 'Register of Activity in the Scope of Virtual Currencies: RDWW-794' (Polish Financial Supervision Authority). |
| Stablecoins and networks | Route tables include USDC, EURC, USDT, PYUSD, USDB, USDP, USDG and others on Arbitrum, Avalanche, Base, Celo, Ethereum, Optimism, Polygon, Solana, Stellar, Tron, Sui, Aptos and others. 'USDC & EURC are the only stablecoins supported for users in the EEA.' |
| Bank rails | ACH, FedNow and wire (USD), SEPA (EUR), SPEI (MXN), Pix (BRL), Faster Payments (GBP), Bre-B (COP). SWIFT 'Limited availability'. |
| Fees | No on-ramp or off-ramp fee figures published. Virtual account docs: exchange fee 'may be 0'; gas fee 'usually 0 for most currencies and chains'. Fee disclosure statement for users reached through partners: fiat to fiat conversions carry a currency spread 'up to 1%'. Minimums per route, for example USDC: ACH and wire 1, Faster Payments 2, Pix 10, SPEI 50. |
| Settlement | 'ACH - depends on the bank, T+0 or 1'; 'Fedwire - <3 hours'; 'SEPA Instant - <15 mins'; 'SEPA Credit - <1 business day'; 'SPEI - <15 mins'. |
| Access | No country list published. Customers must be KYC or KYB approved before a virtual account is created. Built for developers through the API. |
| Protection | 'Bridge directly provides custody services'; 'individual segregated wallets per customer'; funds 'bankruptcy-remote from Bridge's operating funds'. 'The majority of reserves are held in Treasury bills with BlackRock'; cash in For Benefit Of accounts at regulated banks. No insurance stated. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: www.bridge.xyz, bridge.xyz, bridge.xyz, apidocs.bridge.xyz, apidocs.bridge.xyz, support.bridge.xyz, support.bridge.xyz, stripe.com, bridge.xyz.
Brale issues and moves stablecoins for US businesses, with a public price list: no fee on standard money movement, fixed fees per bank transfer and 0.05% on USDT conversions. It is licensed in US states only.
| Legal status | Brale Inc., 'NMLS ID #2376957'. Product page: '45 US jurisdictions licensed or exempt'. |
| Licences | Disclosures page (updated 10 September 2026) lists 28 states and Washington DC: 25 states and DC with licence numbers (for example Alaska #AKMT-016633, Florida #FT230000475, Washington #550-MT-150453; five shown as the NMLS number) and 3 exempt (Hawaii, Indiana, Utah). No non-US licence. |
| Stablecoins and networks | Developer docs list USDC, USDT, USDP, RLUSD, USDB, SBC, USDGLO and others; '30+ chains deployed & maintained'. |
| Bank rails | Virtual accounts, ACH, wire and RTP. |
| Fees | '0 bps on standard money movement'; RTP $2, wire $20, ACH $0.25 per transfer; on-chain transfers gas fee plus 20%; USDT conversions 5 bps; '1:1 swaps - no spread'; Business plan $0 a month, no minimums. |
| Settlement | RTP: 'Real-time payouts where enabled. No batch windows.' Stablecoins minted 'the moment funds clear'. |
| Access | End User Agreement: 'End User custodial accounts are available only to incorporated businesses registered and located in the United States'. Developer docs: business custodial accounts in 48 US jurisdictions (not New York, Tennessee, Texas or Virginia), and outside the US for regulated businesses and transactional accounts in 131 listed countries. US business KYB 'completed in minutes'. Dashboard and REST API. |
| Protection | 'Segregated reserves'; 'Tokens held in segregated sub-accounts. Brale manages keys and operations.' Not FDIC insured. No named custodian. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: brale.xyz, brale.xyz, brale.xyz, brale.xyz, docs.brale.xyz, docs.brale.xyz.
BVNK gives businesses an account to send, receive and convert stablecoins and fiat, with US, European and UK bank rails. It holds e-money licences in the UK and Malta, a MiCA authorisation and US money transmitter licences in 39 states. Prices are agreed per client and not published.
| Legal status | System Pay Services Ltd: 'authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution', reference '901057'. System Pay Services (Malta) Ltd: MFSA Electronic Money Institution and 'a Crypto-Asset Service Provider in accordance with the Markets in Crypto-Assets Act', reference 'C66961'. System Pay Services (US), Inc.: FinCEN registered MSB, 'NMLS ID 2531294', 'not licensed as a bank in the US'. |
| Licences | US money transmitter or equivalent licences listed for 39 states, Washington DC and Puerto Rico, each with a number. Partner banks named: Lead Bank and Cross River Bank. |
| Stablecoins and networks | 'From BTC to USDT, USDC and PYUSD'; 'We support all major chains and tokens'. Networks not named on the pages read. |
| Bank rails | US: ACH, same-day ACH, FedNow, Fedwire, RTP, SWIFT. Europe: SEPA, SEPA Instant, SWIFT. UK: Faster Payments, SWIFT. Brazil, Mexico, Argentina and Canada listed as upcoming. |
| Fees | MiCA pricing policy: custody and internal transfers free; conversions at a 'Conversion All-in Exchange Rate' including a 'Commercial Fee' 'as agreed with you'; external transfers a percentage and/or fixed fee. No figures published. |
| Settlement | Same-day ACH 'T+0 if submitted by COT'; FedNow and RTP 'Instant'; Fedwire 'Within one business day'; SEPA Instant 'Seconds'; Faster Payments 'Minutes to hours'; SWIFT 1 to 5 business days. |
| Access | Eligible countries not listed; documents for onboarding published (certificate of incorporation, articles, three months of bank statements and others). API documentation published. |
| Protection | 'Your e-money is held in segregated accounts - separate from BVNK's own funds'; '100% of customer e-money funds are safeguarded'; for digital assets 'we keep separate records for every fund type'. No named custodian or insurance. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: help.bvnk.com, www.BVNK.com, bvnk.com, bvnk.com, www.bvnk.com, docs.bvnk.com, docs.bvnk.com, bvnk.com.
Paxos issues USDG and PayPal USD and lets institutions mint and redeem them against US dollars with no fee. It is a US national trust bank with licensed entities in Singapore and the EU. The rails it describes are US dollar wire and CUBIX.
| Legal status | 'Paxos Trust Company, National Association', national trust bank charter, OCC 'Charter No. 25379'. Paxos Securities Settlement Company, LLC: SEC registered clearing agency, 'SEC Release No. 34-105562'. |
| Licences | Singapore: Paxos Digital Singapore Pte. Ltd. and Paxos Global Pte. Ltd., MAS 'Major Payment Institution' (no number listed). EU: Paxos Issuance Europe Oy, Finanssivalvonta, 'Authorization reference number 32368862'. Regulatory record page: 'Coverage across all 50 states.' |
| Stablecoins and networks | Mint and redeem USDG and PYUSD. Networks not stated on the pages read. |
| Bank rails | USD wire (domestic via FedWire and international) and CUBIX USD transfers. ACH, SWIFT and SEPA not mentioned. |
| Fees | 'Zero fees to mint or redeem Paxos-issued stablecoins USDG and PYUSD.' Wire fees not stated. |
| Settlement | Wire deposits credited 'as soon as it is received by our bank'; domestic wire withdrawals 'may take 1-3 business days to settle'; international wire withdrawals '1-5 days'; CUBIX 'processed 24/7'. |
| Access | For 'institutions'; eligible countries not stated. Onboarding flow, dashboard and developer documentation linked. |
| Protection | 'USDG and PYUSD reserves are held 100% in US dollar deposits, US treasuries and cash equivalents'; reserve reports and attestations published monthly. Custody arrangement for customer balances not described. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: www.paxos.com, www.paxos.com, www.paxos.com, docs.paxos.com.
Stripe lets businesses accept stablecoin payments that settle to their Stripe balance in local currency for a published 1.5%, and hold a USDC balance in a financial account. Stablecoin custody is with Bridge, Stripe's group company.
Disclosure. Bridge, also assessed in this index, is part of the Stripe group and custodies Stripe's stablecoin balances.
| Legal status | Stripe Payments Company, 'NMLS No. 1280479'. 'Bridge custodies USDC and OUSD.' |
| Licences | Licence table covers 49 states, DC, Guam, Puerto Rico and the US Virgin Islands (Montana not listed). Non-US Stripe entities not checked on the pages read. |
| Stablecoins and networks | Payments: 'USDC (Tempo, Ethereum, Solana, Polygon, and Base networks), USDP (Ethereum and Solana, US-only), USDG (Ethereum, US-only)'. Financial accounts hold OUSD or USDC. USDT not listed. |
| Bank rails | Payments settle 'in your Stripe balance in your local currency'. Financial accounts hold USD, EUR and GBP; Stripe blog: USD 'via ACH and wire, EUR via SEPA'. |
| Fees | Pricing page: stablecoin payments '1.5%' 'of the transaction amount in USD', including conversion to fiat, screening and gas. Link 0.8% is promotional and not scored. No fee listed for stablecoin financial accounts or stablecoin payouts. |
| Settlement | 'Payout timing: Varies by network.' |
| Access | Stablecoin payments for US businesses; private preview in the EU, Hong Kong, Mexico and Switzerland. Stablecoin balances in public preview in the US and private preview in about 100 listed countries. Dashboard and API. |
| Protection | 'Bridge custodies USDC and OUSD.' Segregation and reserves not described on the Stripe pages read. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: stripe.com, stripe.com, docs.stripe.com, docs.stripe.com, docs.stripe.com, stripe.com.
Ramp, the US spend management company, gives US businesses a stablecoin account for USDC, USDT and OUSD with no on-ramp or off-ramp fee and gas covered. Custody and stablecoin services come from Bridge.
Disclosure. Ramp's stablecoin services are provided by Bridge, which is also assessed in this index.
| Legal status | 'Ramp Business Corporation is not a bank or a digital asset custodian.' NMLS registrations: Ramp Payments Corporation (2371465), Ramp Financing Corporation (2431387). 'Stablecoin custody and other services are provided by Bridge Building Inc and its affiliates.' |
| Licences | No licence covering the stablecoin account is named. |
| Stablecoins and networks | USDC, USDT and OUSD; deposit networks 'Base, Ethereum, Polygon, Arbitrum, Optimism, Solana, and Tempo'. |
| Bank rails | USD funding 'by ACH or wire', converted to stablecoin automatically. |
| Fees | 'No on-ramping or off-ramping fees from USD to stablecoins.' 'Ramp covers gas fees on stablecoin payments from your account.' |
| Settlement | Transfers between stablecoins and USD 'typically take ~1 business day to complete'. |
| Access | 'available to all US-based businesses, except businesses based in New York'; primary entity only. Dashboard. |
| Protection | 'Your funds are held in a custodial segregated wallet'; custody by Bridge Building Inc. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: ramp.com, support.ramp.com.
Bitso Business uses stablecoins to move money into and out of Latin America, with real-time SPEI and Pix payouts and its own Mexican and Brazilian payment entities. Fees and licence numbers are not published.
| Legal status | Mexico: 'NVIO Pagos México, S.A.P.I. de C.V., IFPE ("NVIO México") is authorised and regulated by the Mexican National Banking and Securities Commission (CNBV)'. Brazil: Nvio Brasil Instituição de Pagamento Ltda., 'a Payment Institution regulated by the Central Bank of Brazil'. |
| Licences | Argentina: Nvio Pagos Argentina SAS, Central Bank of Argentina PSPCP. Colombia: Nvio Pagos Colombia in the Superintendencia Financiera sandbox via Banco de Bogotá. Gibraltar: DLT licence from the GFSC. No licence numbers published; no US licence listed. |
| Stablecoins and networks | USDC, MXNB and BRL1 named. Networks not named. |
| Bank rails | SPEI (Mexico), Pix (Brazil), CBU/CVU (Argentina), PSE (Colombia). ACH, wire and SWIFT not mentioned. |
| Fees | No fee schedule. Pages state 'lower fees' and local currency payouts 'without FX markups', without figures. |
| Settlement | 'All the transactions are made in real-time'; 'Execute instant payouts 24/7 via SPEI'; Pix 'Real-time payments'. |
| Access | Pay-ins in Mexico, Brazil, Argentina and Colombia, cross-border from the USA and Europe. 'Developer-first APIs'; dashboard not described. |
| Protection | 'We're audited by a third party'; Coincover 'insurance-backed guarantee that protects almost all of our digital assets'. No figure or named custodian. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: bitso.com, bitso.com, bitso.com, business.bitso.com.
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.
| 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 |
Facts read on 21 October 2026 from: conduitpay.com, conduitpay.com, conduitpay.com.
Reap, part of Payward, lets businesses fund with USDC or USDT and pay suppliers in 25+ currencies over SWIFT and local rails across Asia, Europe and the Americas, with same-day payout initiation. Its licences are stated only in general terms.
| Legal status | 'Reap is a licensed financial technology company, regulated across Hong Kong and Mexico. Reap is not a bank.' Footer: Reap Technologies Limited; 'Reap by Payward', '© 2011-2026 Payward, Inc.' |
| Licences | Licensed in 'HK' and 'MX' per the business account page; no regulator, licence type or licence number published on the pages read. |
| Stablecoins and networks | USDC and USDT on 'Ethereum, Polygon, Solana, and TRON'. |
| Bank rails | SWIFT plus FPS, SEPA, ACH, CHATS, SPEI, PIX, FAST, BECS, EFT, IMPS, NEFT, INSTAPAY, PROMPTPAY, ZENGIN and others; '25+' currencies including USD, EUR, GBP, CNY, HKD, SGD, JPY, MXN, BRL and INR. |
| Fees | Help centre pricing: 'Reap Handling Fee' 0.8% for stablecoin-funded payments; local payments up to USD 5; non-local payouts USD 25; foreign transaction fee 'Varies'. A Reap blog post of 21 July 2025 states the stablecoin rate was cut to 0.5%; the two pages disagree and the pricing page is used. |
| Settlement | 'T+0 payment initiation within the UTC+8 banking timezone'; 'Stablecoin funding settles onchain in minutes, and Reap initiates the fiat payout the same day'; crediting depends on the corridor. |
| Access | Most companies approved 'within 24 to 72 hours'; eligible countries not listed; 'No monthly fees or minimum balances'. |
| Protection | Not stated: the 'Is my money protected?' answer on the business account page covers fees only. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: reap.global, reap.global, support.reap.global, reap.global.
MoonPay Enterprise, formerly Iron, converts stablecoin balances into local currency payouts and takes fiat in through an API and dashboard. MoonPay holds licences in the US and EU and registrations in the UK, Canada and Australia, but publishes no fees or timings for the business product.
| Legal status | MoonPay USA LLC, 'NMLS ID 2071245'; 'New York Virtual Currency Business Activity Company License - 0000045'. MoonPay Europe B.V., 'AFM-licensed crypto-asset service provider under the EU MiCA Regulation', reference 41000002. |
| Licences | 47 US jurisdiction licences (44 states, DC, Puerto Rico, Guam). MoonPay (UK) Limited registered with the FCA as a cryptoasset business. MoonPay AUS Pty Ltd, AUSTRAC DCE100858195-001. MoonPay Jersey Ltd., JFSC SCH - 14176. Canada: FINTRAC M24701825. |
| Stablecoins and networks | 'USDC, EURC, and others.' Networks not named. |
| Bank rails | ACH, Fedwire, SEPA, SEPA Instant, FPS, PIX, SPEI and SWIFT. |
| Fees | Not stated on the product page. |
| Settlement | Not stated. |
| Access | For 'B2B and B2C' customers; availability 'varies by jurisdiction, corridor, customer type, and payment rail'. 'REST API, Webhooks, Dashboard.' |
| Protection | Not stated for the business product. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: moonpay.com, www.moonpay.com.
Revolut Business lets a company send and receive USDT and USDC with customers and suppliers and convert into 30+ currencies inside its business account. The exchange fee is published by plan; network, timing and custody detail is thin.
| Legal status | Revolut Ltd, FCA-authorised for e-money and payment services (FRN 900562) and 'registered with the Financial Conduct Authority to offer cryptocurrency services' under the Money Laundering Regulations 2017. Revolut Bank UK Ltd authorised by the PRA and regulated by the FCA and PRA (FS Register No. 981170). |
| Licences | UK firm reference numbers on the crypto business page (Revolut Ltd FRN 900562; Revolut Bank UK Ltd 981170). No MiCA or US licence for business crypto stated on the page read. |
| Stablecoins and networks | 'send and receive stablecoins like USDT and USDC to and from your customers and suppliers'. Networks not named. |
| Bank rails | Convert into '30+ currencies' within the business account. Bank rails not named on the page read. |
| Fees | Business crypto fee schedule: 'This fee is 1.49% for the Basic plan, 0.99% for the Grow, Scale and Enterprise plans.' 'We do not charge any fees for deposits.' Withdrawal fees not stated. |
| Settlement | Not stated. |
| Access | Eligible countries not listed on the page; trades must use an account in the business's name. |
| Protection | 'Majority of funds held in cold storage.' Custodian not named. Risk warning: you should not expect to be protected if something goes wrong. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: www.revolut.com, cdn.revolut.com, www.revolut.com.
Coinbase Business lets businesses in the US and Singapore take USDC and USDT payments, send payouts and withdraw to a bank. Fees are shown only after logging in.
| Legal status | Coinbase, Inc., 'NMLS ID: 1163082'; 'New York Virtual Currency Business Activity Company License, 122466' and 'New York Money Transmitter License, MT 103755'. Coinbase Custody Trust Company, LLC: NYDFS limited purpose trust company. |
| Licences | Licence table covers 45 states, Washington DC and Puerto Rico. No non-US licences on the licences page. |
| Stablecoins and networks | 'USDC payments are accepted from any crypto wallet on Ethereum, Base, Polygon, Optimism, Avalanche, or Arbitrum'; USDT on Ethereum only, 'in U.S. and select jurisdictions'. |
| Bank rails | 'Withdraw to your bank anytime. No lockups, no minimums.' Rails not named. |
| Fees | 'Coinbase Business charges a fee on each completed payment. Log into your Coinbase Business account to view current fees.' 'Auto-conversion from USDC to USD is subject to a fee.' |
| Settlement | 'Funds land in your Coinbase Business account in seconds, 24/7.' Time to a bank account not stated. |
| Access | 'Based in the US or Singapore?' businesses can onboard now; others join a waitlist. Business account, payment links, invoices and Checkouts API. |
| Protection | Custody of business balances not described. USDC described as 'backed by dollar-denominated assets held in segregated accounts with US-regulated financial institutions'. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: www.coinbase.com, www.coinbase.com, www.coinbase.com, www.coinbase.com.
Triple-A lets merchants accept stablecoins, settle to a named IBAN in stablecoins or local currency, and pay suppliers in 70+ countries. It holds licences in Singapore and France and four US states, but publishes no fees, coins or timings.
| Legal status | Singapore: Triple A Technologies Pte. Ltd. 'is licensed as a Major Payment Institution (MPI) by the Monetary Authority of Singapore (MAS)'. EU: Paytop SAS (Triple-A EU), ACPR 'Payment Institution', 'Passported across all European Union member states', and registered with the AMF as a 'Digital Asset Service Provider (DASP)'. |
| Licences | US: FinCEN 'Money Services Business (MSB)'; money transmitter licences in Delaware, Michigan, Washington and Florida; exemptions in North Carolina, Wisconsin and Wyoming. Canada: FINTRAC foreign MSB and Bank of Canada PSP. No licence numbers on the pages read. |
| Stablecoins and networks | Not named. |
| Bank rails | 'Get paid to your named IBAN'; payouts in '30+ local currencies across 70+ countries'. Rails not named. |
| Fees | Not published. |
| Settlement | Not stated. |
| Access | Sell to '140+ countries'; payouts to 70+ countries; eligible countries not listed. Dashboard and API documentation. |
| Protection | Not stated on the pages read. |
| Date read | 21 October 2026 |
Facts read on 21 October 2026 from: triple-a.io, support.triple-a.io.
The index is paid for by nobody.
No provider pays to be assessed, listed or ranked, and there are no sponsored places. Providers do not apply: BCC selects the providers a business is likely to consider and scores them from their own pages. Any provider may ask to be assessed; the request changes nothing about the score.
Every figure is read from the provider's own pricing, product, legal or help page on the date shown. Providers may send corrections to [email protected]; a correction changes the page only where the provider's own page supports it. Every provider is re-read monthly and a new edition is published each October.
Consumer apps and exchanges without a business settlement product are left out, as are wallet and payment-link tools that do not settle to a bank account.
Ranked providers may show the index badge on their own site.
The badge is free. The one condition is that it links to this page, so that a reader can check the score and the method behind it. It is withdrawn if the link is removed or the provider leaves the index.
Embed: <a href="https://www.buckinghamcapitalconsulting.com/stablecoin-settlement-index"><img src="https://www.buckinghamcapitalconsulting.com/assets/bcc-stablecoin-settlement-index-2026.svg" alt="Ranked in the Buckingham Capital Consulting Stablecoin Settlement Index 2026" width="300"></a>
Nobody. No provider pays to be assessed, listed or ranked.
Because a business receiving stablecoins is relying on the provider's right to move its money. A provider that holds licences in its own name can be checked on a public register; one that relies only on partners cannot.
Yes. By 18 January 2027 at the latest, only approved issuers may issue payment stablecoins in the United States, and from 18 July 2028 US digital asset service providers may only offer payment stablecoins from approved issuers. Each profile states the coins it supports.
Every provider is re-read monthly and a new edition is published every October.
No. The index compares published facts and is not a recommendation to use a particular provider.
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