Of the nine stablecoin payout providers compared here, only BVNK and Conduit list both RTP and FedNow, the two US networks that pay a bank account in seconds at any hour. 
Bridge has FedNow only in an invite-only beta, and 
MoonPay Enterprise offers it only to customers onboarded to its US entity. The stablecoin leg of a US payout takes minutes at any hour, so the rails a provider covers decide whether the money lands in seconds or the next banking day.
BVNK, owned by Mastercard, lists the widest set of US rails. Bridge, part of Stripe, has the most volume of the four ramp providers Paymentscan tracks and the broadest stablecoin and chain support. Stripe Global Payouts is the simplest route for a business already on Stripe, and it can also pay recipients in USDC.
How Stablecoin Payouts Work in the US
A business funds the provider in USDC, another USD stablecoin, or USD, and the provider converts the stablecoins and pays the recipient's bank account or debit card over a US rail, or sends stablecoins to the recipient's own wallet instead. Some providers issue a deposit address tied to a bank account, so any stablecoin sent to it is converted and paid out automatically: Bridge calls these liquidation addresses, and MoonPay Enterprise calls them Autoramps.
Nine US Payout Providers Compared
The table shows what each provider lists in its documentation as of November 2026. A dash means the provider doesn't list it.
| Provider | What It Is | US Payout Rails | Pays Out Stablecoins | Licensing and Status |
|---|---|---|---|---|
| ProviderBridge (Stripe) | What It IsAPI for fintechs and platforms | US Payout RailsACH, Same Day ACH, wire; FedNow in invite-only beta | Pays Out StablecoinsYes, on 19 chains | Licensing and StatusUS money transmitter licences; conditional OCC trust bank approval (Feb 2026) |
| ProviderBVNK (Mastercard) | What It IsAPI for payment companies and platforms | US Payout RailsACH, Same Day ACH, Fedwire, RTP, FedNow, SWIFT | Pays Out StablecoinsUSDC, USDT, EURC | Licensing and StatusUS money transmitter licences; owned by Mastercard since Aug 2026 |
| ProviderStripe Global Payouts | What It IsPayouts from a Stripe balance, by Dashboard or API | US Payout RailsACH, Fedwire, instant to debit cards | Pays Out StablecoinsUSDC and OUSD to wallets (public preview) | Licensing and StatusWallet payouts not yet open to New York businesses |
| ProviderCircle (Mint and CPN) | What It IsUSDC issuer; minting and redemption for institutions; a payments network | US Payout RailsWire redemptions; CPN payouts through partners | Pays Out StablecoinsUSDC, EURC | Licensing and StatusNational trust bank, final OCC approval (Jul 2026) |
| ProviderMoonPay Enterprise | What It IsStablecoin API with virtual accounts (formerly Iron) | US Payout RailsACH, Same Day ACH, wire, FedNow, SWIFT | Pays Out StablecoinsUSDC, EURC, PYUSD | Licensing and StatusLicensed in 44 states, DC, and Puerto Rico; New York BitLicense |
| ProviderConduit | What It IsB2B cross-border payments API | US Payout RailsFedwire, FedNow, RTP, SWIFT | Pays Out StablecoinsUSDC, USDT, USDH | Licensing and StatusFinCEN-registered money services business |
| ProviderCoinbase Developer Platform | What It IsAPIs for USDC payouts and user cash-outs | US Payout RailsACH (user cash-outs through Offramp) | Pays Out StablecoinsUSDC | Licensing and StatusConditional OCC trust bank approval (Apr 2026) |
Provider Rain | What It IsCard issuer with a global payouts product | US Payout RailsACH, Fedwire | Pays Out Stablecoins- | Licensing and StatusWorks through licensed partners; not a bank |
Provider Wirex | What It IsCard issuer and stablecoin payments platform | US Payout RailsACH; push to card through Visa Direct | Pays Out Stablecoins- | Licensing and StatusUK and EEA e-money licences; Visa and Mastercard principal member |
How Each Provider Pays US Recipients
Bridge (Stripe)
Bridge, part of Stripe, pays US recipients by Next Day ACH, Same Day ACH (three windows a day, up to $1 million), and wire, which Bridge says lands within two hours of sending. Bridge's documentation lists FedNow as an invite-only beta and doesn't list RTP. It supports USDC, USDT, PYUSD, its own USDB, and other stablecoins across 19 chains.
Bridge holds US money transmitter licences, and in February 2026 the OCC gave it conditional approval for a national trust bank. Pricing is not public. Its flows between fiat and stablecoins, in all currencies and both directions, reached $1.31 billion through the wallets Paymentscan tracks in October 2026, twice the level of a year earlier. It suits fintechs and platforms that want the widest stablecoin and chain support behind one API.
BVNK (Mastercard)
BVNK, owned by Mastercard since August 2026, lists the most US rails in this comparison: ACH, Same Day ACH, Fedwire, and both instant networks, RTP and FedNow, at up to $10 million a payment, plus SWIFT. Businesses can also send USDC, USDT, or EURC to recipients' wallets, funding in USD, EUR, or GBP without prefunding stablecoins.
BVNK holds money transmitter licences across the US. It suits payment companies and platforms that need both US instant networks.
Stripe Global Payouts
Global Payouts lets US and UK businesses pay recipients from a Stripe Treasury balance, by Dashboard or API. For US recipients, Stripe offers ACH (typically within one business day), Fedwire, and instant payouts to debit cards of up to $9,999. In public preview, US businesses can also send USDC or OUSD to recipients' own wallets in more than 160 markets, typically within minutes, with USDC on nine networks including 
Base, 
Ethereum, 
Solana, 
Stellar, and Tempo.
Businesses in New York can't use wallet payouts yet. Paying bank accounts from a stablecoin balance, in USD by ACH or Fedwire, is in private preview, and so is a Connect option that lets US platforms pay individuals in USDC. Stripe says Global Payouts suits businesses that already hold the licences to move money themselves, and points others to Connect.
Circle (Mint and CPN)
Circle Mint lets institutional customers mint USDC from a bank transfer and redeem it 1:1 for USD by wire, the most direct off-ramp for a business holding large USDC balances. Mint doesn't pay third parties, so the business pays recipients from its own bank account. For third-party payouts, the Circle Payments Network (CPN), still in beta, connects financial institutions that settle in USDC and pay out through partners.
The OCC gave Circle final approval for a national trust bank in July 2026. Mint and CPN suit institutions, not small businesses looking for a payout dashboard.
MoonPay Enterprise
MoonPay Enterprise, the stablecoin API business that began as Iron, gives customers named USD accounts and Autoramps that convert each stablecoin deposit and pay it to a registered bank account. US payouts go by ACH, Same Day ACH, wire, FedNow (for customers onboarded to MoonPay's US entity), and SWIFT, and USD payouts can go to third parties. Batch payouts can run once a day, and US virtual accounts are available in every state except Missouri.
MoonPay USA is licensed in 44 states, DC, and Puerto Rico, and holds New York's virtual currency licence (the BitLicense). Its flows between fiat and stablecoins, in both directions, through the wallets Paymentscan tracks reached $25 million in October 2026, up from $0.1 million a year earlier. It suits businesses that want named USD accounts with automatic conversion and payout.
Conduit
Conduit, a B2B cross-border payments company, lists Fedwire, FedNow, and RTP in the US, routed across eight banking partners. It holds USDC, USDT, and USDH.
Conduit Technology is registered with FinCEN as a money services business. It suits fintechs and PSPs that need instant US rails for business payments.
Coinbase Developer Platform
Coinbase's developer platform documents a payout flow in which a business funds a USD treasury account by wire and sends USDC to any wallet address. Coinbase converts the USD and makes the onchain transfer, so the business never holds stablecoins, and payouts of $3,000 or more carry Travel Rule details. Separately, Coinbase Offramp lets an app's users cash out crypto to their own bank account by ACH.
The OCC gave Coinbase preliminary conditional approval for a national trust bank in April 2026. It suits platforms whose recipients want USDC, or apps whose users cash out themselves, rather than a business paying many bank accounts.
Rain
Rain, a card issuer, also sells a global payouts product: partners fund payments from one USDC balance while recipients receive local currency in their bank accounts, in more than 80 countries and 50 currencies. Its US payout rails include ACH and Fedwire.
Rain says it delivers through licensed providers in each market, and that it is not a bank. Its developer documentation is gated, so rails, limits, and pricing are agreed per partner. It suits card programs on Rain that want payouts in the same integration.
Wirex
Wirex is a stablecoin card issuer and a principal member of Visa and Mastercard. Its payouts take stablecoins in and send local currency out: for US recipients it lists ACH and push to card, paying a recipient's existing debit card through Visa Direct or issuing them a Wirex-powered card. Payouts draw on one stablecoin float, so the stablecoin leg runs at weekends while each fiat leg follows its rail's hours.
Wirex holds UK and EEA e-money licences and doesn't list RTP or FedNow. It suits platforms that want payouts, cards, and accounts from one provider, the model behind stablecoin banking as a service.
Our comparison of stablecoin orchestration platforms covers the background, ownership, and wider coverage of Bridge, BVNK, MoonPay Enterprise, Conduit, and Circle Payments Network.
US Payout Rails Compared
Which rail a provider uses decides when the money lands:
| Rail | Typical Speed | Hours | Limit per Payment |
|---|---|---|---|
| RailACH | Typical SpeedNext banking day | HoursBanking days | Limit per PaymentSet by the bank |
| RailSame Day ACH | Typical SpeedSame day, settling at 1:00, 5:00, or 6:00 pm ET | HoursBanking days | Limit per Payment$1 million (rising to $10 million on 17 September 2027) |
| RailRTP | Typical SpeedSeconds | Hours24/7/365 | Limit per Payment$10 million |
| RailFedNow | Typical SpeedSeconds | Hours24/7/365 | Limit per PaymentUp to $10 million; banks can set lower limits |
| RailFedwire | Typical SpeedSame day | HoursBanking days; customer transfers cut off at 6:45 pm ET | Limit per PaymentNo practical limit |
| RailPush to card (Visa Direct) | Typical SpeedReal time for most cards | HoursDepends on the receiving bank | Limit per PaymentSet by the provider (Stripe: $9,999 per instant payout) |
Instant rails only work if the recipient's bank has joined them: The Clearing House counted more than 1,400 RTP participants in October 2026, and the Federal Reserve's FedNow participant list had 1,979 institutions in November 2026. Providers usually fall back to ACH when the receiving bank isn't on an instant network.
Fedwire stays open only on banking days. The Fed has approved Sunday and holiday operation, but not before 2028.
How Stablecoin Payouts Are Regulated in the US
Two layers of rules apply: state licensing for whoever moves the money, and the GENIUS Act for whoever issues the stablecoin.
Money Transmission Licences
A payout provider that holds and moves customer funds needs a money transmitter licence in most states, or a bank or trust charter. New York also requires a BitLicense, or a limited-purpose trust charter, for virtual currency business involving its residents.
National Trust Charters
In December 2025 the OCC conditionally approved national trust banks for Circle, Ripple, BitGo, Fidelity Digital Assets, and Paxos. Circle received final approval in July 2026 and Ripple in October. Bridge and Coinbase received conditional approvals in 2026. A national trust bank holds assets in custody and can manage stablecoin reserves under one federal supervisor, instead of state by state.
The GENIUS Act
Signed on 18 July 2025, the GENIUS Act lets only permitted payment stablecoin issuers issue payment stablecoins in the US. Reserves must back each token 1:1 with cash, short-term Treasury bills, and similar assets, and issuers can't pay holders interest for simply holding the token. Issuers with up to $10 billion outstanding can choose a state regime instead of a federal one.
As of November 2026 the Act is not yet in effect. The OCC issued the first final rule from a federal banking regulator on 21 October 2026 and confirmed that the Act takes effect on 18 January 2027. The FDIC, the Federal Reserve, the NCUA, and Treasury have only proposed rules, and no issuer has been approved yet: the OCC will open applications later. Tether launched USAT, a US stablecoin issued through Anchorage Digital Bank, in January 2026, ahead of the regime.
For payouts, the date to plan around is 18 July 2028. From then, digital asset service providers may not offer US persons a stablecoin unless it comes from a permitted issuer or a comparably regulated foreign one. If your payouts are funded in a stablecoin issued offshore, ask your provider how it will handle the switch.
How to Choose a Stablecoin Payout Provider in the US
Start from how your recipients want to be paid, then check each provider against these points:
- Delivery method. Bank account, debit card, or the recipient's own wallet. Only some providers offer all three: Stripe does, and BVNK covers bank accounts and wallets.
- Speed. If recipients expect money in seconds, check for RTP and FedNow in production, not in beta, and what happens when the receiving bank isn't on either.
- Licences. Check whether the provider's licences cover your flow, or whether you need your own. Stripe, for example, positions Global Payouts for businesses that already hold them.
- New York. Several products launch outside New York first. Check both where your business sits and where your recipients live.
- Funding asset. Which stablecoins and chains the provider accepts, and whether you can fund in USD instead. Plan for the GENIUS Act's 2028 deadline if you fund in an offshore stablecoin.
- Third-party payouts. Some rails only pay accounts in the customer's own name. MoonPay Enterprise, for instance, allows third-party payouts in USD but not in GBP.
- Price. Bridge, BVNK, Circle, and most others quote per deal. Ask for the conversion spread, per-payout fee, and any monthly minimum in writing.
Which US Payout Provider to Choose
If recipients need money in seconds, start with BVNK or Conduit, the two providers here that list both RTP and FedNow. Bridge suits platforms that want the widest stablecoin and chain coverage and can pay by ACH and wire for now, and MoonPay Enterprise adds FedNow for customers on its US entity. Businesses already on Stripe should try Global Payouts first, and institutions holding large USDC balances can redeem through Circle Mint and pay from their own bank.
Rain and Wirex make most sense for programs that also issue cards: our stablecoin card issuers comparison covers that side, and stablecoin virtual accounts covers the receiving side of the same stack.
We also compare stablecoin payout providers in Europe, Asia, Latin America, Africa, and the Middle East.