Ramp launches Stablecoin Accounts powered by Privy, allowing businesses to hold digital dollars, earn 3.25% rewards, and process global vendor payments.
DeFi & Yields ·
Ramp has introduced Stablecoin Accounts in partnership with Privy, a platform enabling businesses to hold digital dollars and process cross-border vendor payments around the clock. The accounts offer up to 3.25% in rewards on holdings of USDC and USDT stablecoins.
The launch reflects a broader shift in the stablecoin payments sector, which has expanded from a niche crypto-trading tool to infrastructure attracting banks, regulators, and institutional participants. Dollar-pegged tokens settle transactions in seconds at costs far below traditional wire transfers—which can take two to five business days and charge $25–$50 per transaction. Monthly stablecoin settlement volumes have reached $390 billion, eliminating exchange-rate risk for counterparties in different jurisdictions.
The mechanism removes the need for sender and receiver to share a correspondent banking relationship, replacing it with a common on-chain ledger. What remains unclear is the specifics of how Ramp's rewards structure is funded and whether the 3.25% rate applies universally or varies by account tier or deposit size.