Atlas (https://www.atlas.financial) today announced the launch of stablecoin accounts. Allowing businesses and private wealth structures to send, receive and hold stablecoin account balances, similar to how a traditional fiat bank account works. 

Globally regulated (since 2018) and available in over 150 countries. For those who want things run like a bank but using DeFi rails.

In 2024, the annualized transaction value for the stablecoin industry reached $15.6 trillion, outpacing major payment networks like Visa and Mastercard. 

For the first time ever global settlement of funds went instant, 24/7 including weekends and bank holidays. 

Growth and opportunity has meant there are approximately 200 different types of stablecoin, across more than 50 different blockchain networks, with some stablecoin issuers connected to multiple blockchains. USDC (Circle) for example is currently on 23 blockchains.

“The best fintech products have always been about providing access. Atlas is taking a multi-coin, multi-chain approach. We are currently connected to more than 50 blockchains, with all 200 stablecoin issuers available, including USDC (Circle), USDT (Tether), (RLUSD) Ripple and PYUSD (PayPal). Always connected to whatever stablecoin and blockchain your customers want to pay you with”

Account holders can frictionlessly move between blockchain, currencies and into over 26 fiat currencies. Even earning a yield on their stablecoin balances of up to 11% APY.

“We’re taking the same principles of our core multi-currency banking product, and applying it to stablecoins. Funds are held in reserve 1:1 which can be verified on-chain. Customisable user permissions and approval processes, with downloadable statements and transaction reports. Backed up with a $30m insurance policy”.