The launch lands as the US enacts its first federal stablecoin law and Europe’s MiCA regime beds in, with regulators urging caution even as corporate adoption gathers pace.
Rapyd has introduced Stablecoin Payment Solutions for businesses that want to accept stablecoins from customers, settle treasury balances in stablecoins and disburse funds globally at any time of day. The company positions the offer as a single-provider alternative to today’s patchwork of on- and off-ramps, exchanges and intermediaries.
“Stablecoins have moved from early-stage concept to global utility, and companies need partners who can bridge digital assets with real-world business needs,” said Arik Shtilman, Rapyd’s CEO and co-founder.
David Rosa, who leads Rapyd’s Scale Business Unit, said the aim is to give CFOs “the ability to move funds instantly, reduce FX exposure, and cut out unnecessary intermediaries.”
The move targets pain points familiar to cross-border platforms, online marketplaces and gaming operators: volatile local currencies, settlement delays on legacy rails and fragmented treasury workflows across multiple providers. Rapyd says merchants will be able to accept stablecoins and auto-convert to preferred fiat currencies, pay suppliers and creators in stablecoins around the clock, and choose to hold or settle in stablecoins where this improves liquidity or reduces reliance on SWIFT and ACH.
Perfect timing?
In the US, the GENIUS Act was signed into law on July 18, 2025, creating the first federal framework for payment stablecoins. It requires 1:1 high-quality liquid reserves, imposes disclosures and AML obligations and restricts the payment of interest to keep tokens functioning as “digital cash.” Debate continues over “rewards” programmes that resemble yield, but the statute has materially clarified the compliance perimeter for large issuers and corporate users.
In the European Union, the core MiCA rules for so-called stablecoins have applied since 30 June 2024. Issuers of e-money tokens and asset-referenced tokens now require authorisation in the EU, and the EBA has rolled out guidelines on liquidity stress testing and other level-2 measures that raise the bar on governance and resilience. That is already shaping how global providers structure issuance, custody and redemption for euro area users.
The UK sits in a transitional phase. The FCA consulted in May on rules for fiat-backed stablecoin issuance and crypto custody, while HM Treasury confirmed that stablecoins are not yet regulated as a means of retail payment, pending the wider regime. The Bank of England has signalled a complementary consultation for systemic stablecoins later this year. For enterprises operating in or from the UK, that mix means new opportunities alongside practical constraints on live deployment at scale.
Analysts at McKinsey and the World Economic Forum estimate that on-chain stablecoin transfer volumes reached about $27.6 trillion in 2024, exceeding the combined Visa and Mastercard transaction volumes. That figure captures blockchain transfer value rather than consumer purchase volumes at the point of sale, and methodologies differ.
An IMF working paper that isolates cross-border “international stablecoin flows” puts 2024 activity nearer $2 trillion, highlighting the gap between raw transfer value and real-economy payments. Even with those caveats, the growth trajectory is clear.
Competition heats up
The competitive landscape has also shifted. Stripe has enabled USDC acceptance for platforms and merchants and announced stablecoin-powered financial accounts for businesses in over 100 countries, while Visa has expanded stablecoin settlement to additional dollar and euro-denominated tokens and more blockchains for issuers and acquirers. Those steps point to mainstream networks experimenting with digital dollars for settlement, even as card rails continue to dominate at checkout.
Regulators remain watchful, however. The Bank for International Settlements warns that if stablecoins keep growing they could pose financial-stability risks, including “fire-sales” of reserve assets under stress and challenges to monetary sovereignty, especially where foreign-currency tokens circulate widely.
Policymakers have also called for robust redemption rights, transparency, and governance that matches the scale of usage. Providers pitching enterprise use cases will need to evidence controls across custody, compliance screening, and reserve management.
Rapyd’s credibility rests on its existing payments footprint and licences. In Europe and the UK, regulated services operate via Rapyd Europe hf., supervised by the Central Bank of Iceland, and CashDash UK, an FCA-authorised Electronic Money Institution.
The company has also expanded corridor coverage following the completion of its acquisition of PayU’s Global Payment Organisation in Latin America and parts of Africa earlier this year.
