Ramp Adds Stablecoin Accounts and Bill Pay on Stripe Stack

Ramp, the all-in-one corporate finance platform with $200 billion in annualized purchase volume, launched two stablecoin products on Monday.

Ramp launched stablecoins as a payment option in Ramp Bill Pay, and Ramp Stablecoin Accounts for holding, earning on, and moving digital dollars. Both run on infrastructure from Stripe, its stablecoin orchestration platform Bridge, and its wallet provider Privy.

Customers can open a Stablecoin Account to store funds and send international payments around the clock, or pay a vendor in USDC or USDT funded directly from a USD bank account, Ramp said in its product blog.

The two products split cleanly across the stack. For Bill Pay, payments are funded from an external bank account, with Bridge converting the dollars and sending funds to the recipient's wallet, Stripe said in its newsroom. That way, customers who do not own crypto never touch stablecoins.

For Stablecoin Accounts, Privy securely stores customer balances as US dollar-denominated stablecoins, per the same Stripe statement.

Rewards on Stablecoin Balances

Ramp said accounts pay up to 3.25% in rewards on eligible USD stablecoin balances, with no fees to convert between USD and USDC or USDT. Businesses can send USDC or USDT directly to vendor or contractor wallets in 140-plus countries, or convert to fiat and pay in 40-plus currencies through local rails.

Eligible customers can open an account, and stablecoins are selectable as a Bill Pay method with no separate account required, Ramp said. The Stablecoin Account is not available to customers in New York.

"For Ramp customers, a dollar is a dollar, whether it's stablecoin or traditional fiat currency," Andrew Chapello, product at Ramp, said in Stripe's release. "Businesses can now hold and send stablecoins without any prior crypto expertise."

Privy said it built the enterprise wallet infrastructure behind the accounts, including enterprise custodial wallets, Solana support, authorization controls, wallet APIs, and reconciliation tooling, integrating with Stripe's stablecoin infrastructure.

Ramp reported that more than 1,000 businesses already use stablecoins to pay vendors on its platform, and that more than 70% of that payment volume moves outside traditional banking hours. Stripe cited one beta customer where stablecoin payments were roughly 10% of vendor payments but consumed 50% of accounts payable time.

Ramp states it is a financial technology company, not a bank or a digital asset custodian, and that stablecoin custody is provided by Bridge Building Inc. and affiliates. The launch extends the Stripe-Bridge-Privy stablecoin stack into business treasury and payables, following Privy's earlier fiat onramp work with Stripe.