Fintech Brex Launches Stablecoin Payment Platform Amid Demand
On Brex, when a business accepts a stablecoin payment it will be converted into USD and deposited into their Brex accounts..
Photographer: Thomas Fuller/SOPA Images/LightRocket/Getty ImagesFintech company Brex Inc. will start allowing stablecoin transactions on its platform, becoming the latest firm to adopt the digital asset as a payment method.
In the coming months the San Francisco-based firm said its clients will be able to accept and send Circle Internet Group Inc.’s dollar-pegged token USDC for payments and disbursements. Brex said it is working with its partner Column Bank N.A. to power its stablecoin offering.