Financial platform Ramp has officially launched stablecoin accounts and payment services on the Solana network, marking the full commercial rollout of its enterprise stablecoin infrastructure. According to ChainThink, the launch occurred on July 22 and represents the transition from beta testing to full commercial availability. The platform now enables businesses to hold, send, and receive both regular dollars and stablecoins like USDC and USDT from a single platform, with all settlements processed directly on the Solana network. As reported by SolanaFloor, Ramp serves over 70,000 businesses and allows them to achieve 24/7 cross-border payments through existing approval and accounting workflows.
The expanded platform enables companies to pay vendors in more than 140 countries with stablecoins or settle in over 40 local currencies through Ramp's existing financial workflows. Cross-border transfers can now be made at any time without waiting for banking cutoffs or wire processing windows. Ramp reports that more than 1,000 businesses already use stablecoins to pay vendors through its platform, with more than 70% of payment volume taking place outside traditional banking hours. The company has now built the feature in partnership with Stripe, whose Bridge and Privy infrastructure powers the stablecoin issuance and wallets behind the scenes.
Behind the scenes, Privy's wallet infrastructure provides the secure foundation for Ramp's Stablecoin Accounts, integrating seamlessly with Stripe's stablecoin infrastructure. Working closely with the Ramp engineering team, Privy developed capabilities including enterprise custodial wallets for business assets, Solana support for stablecoin treasury management, authorization controls and policy management, and high-level wallet APIs for balances and transfers. Many of these capabilities were developed in partnership with Ramp before becoming part of Privy's broader enterprise wallet platform. As Privy notes, for most businesses, a stablecoin account isn't a crypto product but simply another operating account backed by programmable money.
Businesses using the Stablecoin Account can earn rewards of up to 3.25% on eligible stablecoin balances, as reported by Ramp. The company described the balances as digital dollars backed by cash reserves and said they are intended for payments and treasury management rather than investment. Ramp's approach folds stablecoins directly into the same system businesses already use for cards, bills, and accounting, so a payment settling in USDC follows the same approval chain as one settling in dollars. Every transaction syncs automatically into the company's existing accounting system with the same categorization and audit trail as a regular payment. Businesses can hold stablecoin balances, earn rewards on them, and pay vendors or employees directly from a stablecoin account, a checking account, or a linked bank account, without needing to pre-fund anything.
The integration adds another enterprise payments use case for Solana, whose ecosystem has increasingly focused on stablecoin settlement instead of only decentralized finance and trading applications. According to Ramp, the new feature lets companies pay overseas vendors in stablecoins even if they never hold digital assets themselves, through Ramp Bill Pay that can be funded from a U.S. dollar bank account or Ramp Checking before being converted into USDC or USDT and delivered to a recipient's wallet. Solana has increasingly become a preferred settlement layer for stablecoin activity, with its inclusion reflecting a broader trend of payment platforms building directly on top of it rather than treating it as one option among many.
