Modern Treasury

Breaking: there’s a new way to move money! Today, we’re launching Payments, our integrated payment service provider (PSP) built to let teams move money easier than ever. For too long, teams building payment products have had to juggle fragmented vendors, slow bank integrations, evolving regulations, and infrastructure that needs to be rebuilt every time a new rail appears. Payments changes that. With one API, teams can: - Go live in days, not 6-12 months - Move money across ACH, wires, cards, RTP, FedNow, and stablecoins as first-class rails - Build with confidence, using built-in KYC/KYB and transaction monitoring - Scale forever by starting with our PSP and plugging in more banking partners overtime, without re-integrating All powered by the same orchestration, ledgering, and reconciliation software that’s already processed $400B+ in payments, with 99.99% uptime and 99% CSAT over the last six months. Our goal is simple: to be the forever payments platform for teams of all sizes, wherever they are on their journey. Ready to build payments products faster and scale without limits? Visit go.moderntreasury.com/4tZthxd to get started.

You can launch stablecoin on ramp, off ramp and fiat payment capabilities in one day using @ModernTreasury’s new PSP.

Big news. Spritz has partnered with @ModernTreasury to power our fiat and stablecoin payment infrastructure. This means faster, more reliable money movement across ACH, RTP, push-to-card, and USDC. This is the infrastructure behind the experience we're building. More to come!

GENIUS led to a sea change in usage, perception, and acceptance of stablecoins. Don't understimate the effect of passing CLARITY on all things payments and markets.

Crypto spending is broken for consumers. Spritz is fixing that. With Modern Treasury, they use one API for payins, payouts, stablecoin orchestration, U.S. accounts, and built-in compliance, so they can abstract complexity and scale faster. Details: go.moderntreasury.com/3Ro1t6B

@spritzfinance MT 🤝 Spritz

@marshallsebas 🫡

@ModernTreasury Bullish!

We now support USDT! Combine USD <> USDT orchestration with built-in compliance controls, every major U.S. payment rail, and named U.S. accounts across 90+ countries. All through a single API. Powered by the same infra that's moved $400B+. Learn more: go.moderntreasury.com/4tzv8Y2

USDT on and off ramps, now available in @ModernTreasury

USDT is the godfather of stablecoins. MT now supports it natively reach out if you're interested in adding USDT payment capabilities for your customers

With the addition of USDT, Modern Treasury now supports the majority of coins in circulation, between USDG, USDC, and now USDT. Combined with our fiat capabilities across wire, ACH, and RTP/FedNow, @ModernTreasury is now a best-in-class platform for on- and off-ramps.

@OseroHQ @SkyEcosystem @Plasma Congrats on the raise!

Osero has raised $13.5M, led by @SkyEcosystem and @Plasma. We're building the savings account for where your stablecoins already are.

infrastructure bloat happens when you build around a problem instead of through it. in US stablecoin orchestration, ACH pull has been that problem for years. ACH pull is the funding mechanism that underpins most consumer and business fintech products in the US. when Robinhood lets you buy stock the moment you link a bank account, that's ACH pull with instant purchasing power. when Brex sweeps your operating account, that's ACH pull. under the hood, they + their payment partners have built out a credit risk model that gives you access to the funds instantly even though ACH pull has a multi-day settlement lag. the reason those products feel seamless is because the user never has to think about where the money is coming from. money just moves. when a platform initiates the debit, it signals to the user that the product is in control of the flow. when you ask a user to push funds themselves, you've handed them a step they can abandon.  pull-based funding flows create a smoother UX. so why don't most stablecoin orchestration platforms offer this? ACH debit origination requires a bank sponsor willing to take on return risk on your behalf. NSF and account closed returns typically resolve within a few business days, but unauthorized return claims can come back up to 60 days after settlement, long after stablecoins have already moved. that's a recon headache & financial risk that compounds fast when handled incorrectly, so most PSPs decided to ship something simpler. as a result, fixing this with a workaround is painful. you're typically integrating Plaid or MX for bank linking, a separate ACH originator for the debit, a conversion layer for USD <> stables, and an AML wrapper around all of it.  four vendors/contracts/failure points, all converging on the critical moment a new user tries to put money in for the first time. it's bloat that traditional fintech solved years ago, but the stablecoin layer added enough complexity that most platforms retreated to ACH credits and called it good enough. we didn't think that was good enough. that first funding moment is where users decide whether your product works. it's too important to route around. so we faced it head on at Modern Treasury. we built one API for the full funding lifecycle: bank connection, ACH debit origination, stablecoin orchestration, compliance. with the full funding lifecycle natively supported via one integration, users get a Venmo-like funding experience and platforms get better conversions + eng time back to ship features that move the needle. routing around hard problems is how you get to v1 but solving them is how you get to what stablecoins are actually capable of. @ModernTreasury is committed to the latter and ACH pull is just one example of many more to come

From @YCombinator S18 to raising $183M and moving over $400B, this month we’re celebrating 8 years of Modern Treasury. Join our founders on May 21st for insights on scaling an idea into enterprise-grade payments infra and what’s next. Save your spot: go.moderntreasury.com/4ns7wD9

@gaspardlezin appreciate the mention 🫡

Bridge → Stripe. BVNK → Mastercard. Reap → Kraken (today, $600M). 4 acquisitions in 18 months, $3B+ deployed. The stablecoin infrastructure market is consolidating before most fintechs have even noticed it exists. Stripe's $1.1B acquisition made Bridge the obvious answer. The non-obvious answer is that the rest of the world isn't waiting for Stripe. Stablecoin infrastructure isn't one product. It's virtual accounts, on/off-ramps, local rails, FX, stablecoin orchestration, issuance, custody, and compliance, each requiring a different layer. That's why the category has split into a full stack of specialized providers across every region. Bridge is still the reference. But its share of the global market keeps shrinking as regional champions pick up corridors Bridge doesn't reach. The Stablecoin Infrastructure Stack reflects the diversity of corridors and use cases: - USA & Canada: Sphere Labs, Mural Pay, Brale, Modern Treasury, Layer2 Financial, Iron, Conduit, Routefusion, Crossmint, Cybrid - Europe: BVNK, Due, Currencycloud, Rapyd, Merge Money, Fipto, OpenPayd, Wise Platform, AMINA Bank - LATAM: Bitso, dLocal, Pomelo, CambioReal, BlindPay, Koywe - UAE & Middle East: Hubpay, TransFi, Fuze - Africa: Yellow Card, Flutterwave, ivorypay, Quidax, Paychant, VALR, Kotani Pay - Asia: Tazapay, Stables, Triple-A, PhotonPay Aggregators connecting them all: Borderless xyz plugs regional liquidity providers into a single global stablecoin network, turning the fragmentation above into one API. Capital and consolidation explain this shift. 4 acquisitions in 18 months, $3B+ deployed: - Bridge → Stripe ($1.1B) - BVNK → Mastercard ($1.8B closing late 2026) - Iron → MoonPay - Reap → Kraken By 2026, the global B2B stablecoin payment volume breaks down roughly as: - ~60% Asia ($245B, concentrated in Singapore, Hong Kong, Japan) - ~23% North America ($95B) - ~12% Europe ($50B) - The rest split between LATAM, Africa, and MENA, growing fastest Stablecoin infrastructure is no longer a single product. It's becoming a critical infrastructure layer of every cross-border business, and the map is global. PS: I post about payments with @Subyhq, stablecoins & the reality of building a payment startup, every week. Follow for more!

@obchakevich_ @reapglobal @krakenfx the convergence between traditional payment rails and stablecoins is inevitable

Kraken just acquired Reap for $ 600M - and it's not just a bold move, it's a signal. @reapglobal builds payment infrastructure for businesses: corporate cards, expense management, cross-border settlements. For @krakenfx, this is a direct entry into the B2B payments stack - territory that crypto exchanges rarely touched before. But zoom out, and Kraken isn't alone. Over the past three years, the payments sector has become the most active M&A battleground in crypto. Nine major deals, over $5.5B deployed: @Mastercard → @BVNKFinance ($1.8B): the clearest sign yet that card networks are buying into stablecoin infrastructure rather than building it. @Ripple → Hidden Road ($1.25B): a prime brokerage play, but with settlement and payments at its core. @stripe → @Stablecoin ($1.1B): the deal that set the tone for everything that followed, stablecoins as serious payment rails, not a crypto experiment . @stripe → @privy_io (~*$230M): wallets as the missing layer on top of Bridge's orchestration @Ripple → Rail ($200M) and @0xPolygon → @Coinme / @0xsequence ($200M): infrastructure bets on on/off-ramp and wallet layers. @moonpay → Helio ($175M): doubling down on merchant-facing crypto payments. @ModernTreasury → @beam_cash ($40M): quiet but telling - a $ 2B fintech adding stablecoin rails for corporates. The pattern is consistent. Whether it's a card network, a crypto exchange, or a payments fintech, everyone is acquiring the same thing: the infrastructure to move money onchain. The consolidation phase has started. What used to be fragmented startups building isolated pieces of the stack is now becoming integrated platforms owned by well-capitalized players. The question isn't whether stablecoin payments will go mainstream. It's who controls the rails when they do.

We’re integrating AI into the systems our teams use every day so work can happen through natural language. The result is greater leverage across the company, which helps us better serve our customers. Matt Higgins, our Head of Engineering, shares how: go.moderntreasury.com/4tqUl6X

Nathan Sumekh spent years building software for 1k+ law firms through LegalSoft. Then he started his own law firm and realized the $154B legal disbursement market was still running on paper. Now he’s building Disbo on top of Modern Treasury to change that. Details: go.moderntreasury.com/49fUpyY

PSPs were built to move money but few can explain where funds are at every step. Matt Craig, our Payments PM, breaks down why the ledger is the foundation of a modern PSP. Without it, most PSPs are just APIs for sending bank instructions. Read more: go.moderntreasury.com/4whHaIe

Have you ever thought about how payment service providers are evolving to manage the full lifecycle of money movement? As payment infrastructure expands across more rails, providers, and systems, the role of the PSP is becoming harder to define. What used to sit inside a single provider is now fragmented across layers. The job of a PSP is no longer just to move money but to explain money movement. This shift reflects a deeper change. Execution alone is no longer enough. PSPs now need to support how companies represent, ledger, and reconcile money across systems. Here is how the stack is evolving: 1. Product layer Platforms like Shopify, Square, and Toast embed payments directly into software, abstracting the underlying infrastructure. 2. Execution PSPs like Stripe, Adyen, and Checkout move money across rails, but mainly operate at the execution layer. 3. Orchestration Providers like Primer and Spreedly route transactions across PSPs based on cost, performance, or geography. 4. Risk and compliance Vendors such as Sift and Sumsub decide whether a payment should happen before it is executed. 5. Banking infrastructure Sponsor banks hold funds and provide access to rails like ACH, wires, and RTP. 6. Card issuing Platforms like Marqeta and Lithic enable embedded card programs and new spend flows. 7. Payment rails ACH, cards, RTP, and others move funds, each with different rules and settlement logic. 8. Stablecoins Networks like Ethereum and Solana introduce new global settlement layers outside traditional banking. 9. Banking-as-a-service Platforms like Unit and Galileo connect fintechs to regulated banking infrastructure. — Each layer solves a specific problem, but none provides a complete view. Execution happens in one place, risk in another, funds in a bank, and settlement across multiple rails. Every system has its own logic, timelines, and data. That is the real shift. The PSP is no longer a single provider; with every development, it is becoming a fragmented system. And in that fragmentation, one problem becomes clear: No one fully explains what happened to a payment. As more providers are added, the complexity compounds. In a fragmented environment, no single provider can fully explain what happened to a payment. That problem does not appear at initiation. It appears later when systems disagree, when funds are delayed or returned, and when teams need answers. This is where payment systems begin to break down. Review the guide in the comments on how PSPs evolved, how their underlying architecture needs to adapt to modern payment systems, and how teams building payment products should approach their next PSP. Insights by @ModernTreasury

Compliance works best when it’s built with the product, not after the fact. Matt Janiga (@regulatorynerd), our General Counsel, shares how strong teams ship fast by looping in the right people early, plus an anecdote on how that alignment helped us quickly ship a recent feature.