Brex Introduces USDC Stablecoin Payments, Expanding Fintech Options for Global Businesses

Brex, the San Francisco-based financial technology company, is taking another step toward reshaping global payments by introducing stablecoin transactions on its platform. The company announced that clients will soon be able to send and receive USDC, the dollar-backed stablecoin issued by Circle, offering businesses faster and more flexible payment options.

The new feature is powered by Column Bank N.A., Brex’s banking partner, and reflects the company’s strategy to stand apart from traditional financial institutions. Erica Dorfman, executive vice president of finance at Brex, described stablecoins as a “critical rail for money movement in the future,” highlighting the speed and adaptability they bring to modern business transactions.

Unlike some platforms that reward users for holding stablecoins, Brex’s initial focus will be on enabling efficient payments. When a client accepts a USDC transaction, the funds are automatically converted into U.S. dollars and deposited into their Brex account, streamlining both accounting and compliance. Businesses will also have the flexibility to make payments or pay off credit balances directly with USDC.

One of the major advantages Brex is promoting is the combination of zero transaction fees with near-instant settlement. This allows companies to leverage stablecoin technology for daily operations without needing to hold digital assets on their balance sheets. In addition, Brex customers can access its treasury product, which invests in money market funds managed by BNY Dreyfus, letting them earn interest tied to U.S. Treasuries—the same assets that typically support stablecoins.

The fintech competition around stablecoins is intensifying. Ramp recently introduced a stablecoin-backed corporate card, while payment leaders like Stripe and PayPal have expanded their offerings to include stablecoin features that enable faster settlements and multi-currency accounts.

Brex has already opened a waitlist for the service, with crypto-focused firms such as Solana and Alchemy among the early adopters. Dorfman noted that demand from businesses already operating in the crypto and stablecoin ecosystem helped drive the decision, though Brex expects the appeal to extend to a much wider customer base.