Fintech platform adds 200+ stablecoins to regulated multi-currency banking product
London-based fintech Atlas has launched a new stablecoin banking solution enabling businesses and private wealth clients to send, receive and hold balances across more than 200 different stablecoins and 50+ blockchain networks.
Described by the firm as a “bank-like experience using DeFi rails”, the offering extends Atlas’ existing multi-currency product to include major stablecoins such as USDC (Circle), USDT (Tether), RLUSD (Ripple) and PYUSD (PayPal). The platform claims to support all active stablecoin issuers and blockchains globally.
James Robertson, Head of Product at Atlas, said: “We are currently connected to more than 50 blockchains, with all 200 stablecoin issuers available… always connected to whatever stablecoin and blockchain your customers want to pay you with.”
The announcement follows a significant rise in stablecoin usage. In 2024, annualised stablecoin transaction volumes reached $15.6 trillion, surpassing Visa and Mastercard, according to the firm.
The new Atlas accounts are pitched at those seeking round-the-clock, cross-border settlements without reliance on the traditional banking system.
Regulated fintech seeks to bridge fiat and DeFi
Unlike many crypto-native platforms, Atlas emphasises its regulatory credentials and traditional finance infrastructure. The firm has been operating under regulatory oversight since 2018 and offers fiat compatibility in 26 currencies alongside stablecoin support.
The new accounts offer customisable user permissions, downloadable transaction reports, and a 1:1 reserve model with on-chain verification. Atlas also touts a $30m insurance policy for account holders.
In addition, customers can reportedly earn yields of up to 11% APY on stablecoin balances, an eye-catching figure that may raise questions about underlying risk and lending models, particularly in the wake of regulatory scrutiny on similar claims in the decentralised finance sector.
Stablecoins under the spotlight
The move comes as global regulators step up oversight of stablecoin issuance and infrastructure. In the UK, the Bank of England and Financial Conduct Authority are preparing to regulate systemic stablecoins, while the European Central Bank is exploring integrated settlement layers for tokenised assets and digital currencies.
For Atlas, the product’s appeal may lie in its ability to offer institutional clients the perceived security of a regulated provider, while preserving the liquidity and speed advantages of stablecoins.
“We’re taking the same principles of our core multi-currency banking product and applying them to stablecoins,” Robertson added.
Founded by alumni of Morgan Stanley and the European Space Agency, Atlas is positioning itself at the intersection of regulated financial infrastructure and decentralised technologies.
