Logo

Home Services & Solutions Payment and card Brex Becomes First Corporate C...

Brex Becomes First Corporate Card to Accept Stablecoins for Payments


Payment And Card

Brex Becomes First Corporate Card to Accept Stablecoins for Payments

The fintech innovator enables USDC payments for card balances, paving the way for broader crypto adoption in corporate finance.

San Francisco-based corporate card issuer Brex announced Tuesday that it will soon allow customers to make and accept payments using stablecoins, starting with Circle’s USDC. The platform will automatically convert stablecoins into U.S. dollars and enable businesses to pay card balances with crypto, with plans to expand to additional stablecoins in the future.

The launch positions Brex as the first company to offer a credit card that supports stablecoin payments, differentiating it from competitors who have focused on debit or charge cards. The approach combines the speed and flexibility of crypto with the reconciliation benefits of a traditional credit framework, allowing companies to manage statements at month-end while making instant payments.

The initiative comes amid rising corporate interest in digital assets, spurred by the passage of the Genius Act, the first federal law providing a regulatory framework for cryptocurrency. Early adopters of Brex’s stablecoin payments include Figure, Solana, and Alchemy, all of which plan to accept stablecoins once the platform goes live.

By integrating stablecoins, Brex aims to serve both crypto-native firms and traditional enterprises exploring digital assets, marking a significant step toward mainstream adoption of digital currencies in corporate finance.

Business News

Recommended News

Latest  Magazines