In this article, we examine which providers of stablecoin infrastructure are most appropriate for enterprises. We look at providers who can easily enable secure issuance, custody, orchestration, and merchant acceptance services.
These providers are core to enterprises who are implementing stablecoins for payment, treasury, and settlement services. An examination of some of the leaders in this space, Transak, Brale, Cobo, Mesh, NOWPayments, Circle, Fireblocks, Anchorage Digital, Bridge, and Coinbase Commerce, will help enterprises assess the most compliant, scalable, and cost effective services to support them as they drive their digital finance transformation.
What Is Stablecoin Infrastructure for Enterprises?
Stablecoin Infrastructure offers systems, protocols, and processes that help businesses run stablecoins. Enterprises need something more than just holding a token. A full stack framework means issuance, custody, compliance, liquidity, and integration of stablecoins within the payment workflows.
This allows for payments to be made across borders, management of the corporate treasury, administration of payroll, and settlements to be executed without the threats of unfavorable currency movements or breach of regulatory compliance.
Core Elements of Enterprise Stablecoin Infrastructure
Issuance & Reserves
Stablecoins such as USDC or EURC are fully backed by fiat. Stablecoin issuers run the process of minting and burning to make sure the supply and reserves of stablecoins are always aligned.
Blockchain Settlement
Enterprise customers require settlement of transactions to happen as fast and cheap as possible on different blockchains such as Ethereum, Solana, Polygon, and Stellar. Settlement rails can be used to replace the slow and inefficient ACH and SWIFT systems.
Custody & Wallets
Regulated banks pair custodial services with multi-party computation (MPC) crypto wallets, and so do some of the large custody providers such as Fireblocks and Anchorage Digital.
Compliance & Oversight
Enterprises need to maintain compliance and legal operations. This means obtaining the right licenses such as AML and KYC as well as regulatory licenses such as the OCC, FCA, MAS, and MiCA.
Liquidity & Treasury Management
Enterprises must maintain solvency. This means treasury management, with liquidity pools, and reserve audits.
APIs & Integration
The integration of stablecoins for payments into applications can be done with APIs offered by providers such as Transak, Mesh, and Bridge.
Key Points
| Provider | Primary Layer | Best For | Key Feature |
|---|---|---|---|
| Transak | Onboarding & orchestration | Fiat-to-crypto enterprise onboarding | Compliant bridge for USDC, USDT, PYUSD |
| Brale | Issuance | Branded stablecoin issuance | Unified legal, banking & compliance stack |
| Cobo | Custody | Institutional wallet & custody | Multi-chain API with enterprise-grade security |
| Mesh | Orchestration | Enterprise settlement | Single API for multi-chain stablecoin settlement |
| NOWPayments | Merchant acceptance | Payment gateways | Supports stablecoin checkout for global merchants |
| Circle | Issuance & payments | USDC issuance & treasury | Regulated issuer with deep banking integrations |
| Fireblocks | Custody & settlement | Institutional-grade custody | MPC wallet tech & compliance-ready APIs |
| Anchorage Digital | Custody | Regulated U.S. custodian | OCC-chartered digital asset bank |
| Bridge | Issuance | White-label stablecoins | Fast developer onboarding & branded issuance |
| Coinbase Commerce | Merchant acceptance | Enterprise payments | Native stablecoin checkout & integrations |
1. Transak
Transak was founded in 2019 by Sami Start and Yeshu Agarwal. Transak’s headquarters resides in Miami with other offices in London, Bengaluru, Dubai, and Hong Kong. Transak’s infrastructure handles on and off ramping with fiat and crypto.
Transak supports over 136 cryptocurrencies that reside on 45+ blockchains like Ethereum, Polygon, Solana, and Tron. Transak integrates with wallets like MetaMask, Ledger, and Trust Wallet, and have APIs, SDKs, and widgets for enterprise-wide integrations.
Transak supports various stablecoins like USDC, USDT, PYUSD, EURC, and more. Transak charges about 1% transaction fee plus network costs, and also has some available OTC desks for bulk trading.
Their regulatory coverage includes the FCA (UK), FinCEN (US), MAS (Singapore), and the proposed MiCA (EU). Through their partnership with Visa Direct, Transak has created an enterprise gateway for highly efficient off ramping in 145+ countries.
| Feature | Details |
|---|---|
| Founded | 2019 |
| Headquarters | Miami, Florida (offices in London, Bengaluru, Dubai, Hong Kong) |
| Founders | Sami Start, Yeshu Agarwal |
| Supported Stablecoins | USDC, USDT, PYUSD, EURC |
| Blockchain Support | 45+ blockchains (Ethereum, Polygon, Solana, Tron, etc.) |
| Services | Fiat-to-crypto on/off-ramp, APIs, SDKs, widgets |
| Merchant Integration | MetaMask, Ledger, Trust Wallet |
| Pricing | ~1% transaction fee + network costs |
| Compliance | FCA (UK), FinCEN (US), MAS (Singapore), MiCA (EU) |
| Partnerships | Visa Direct for instant off-ramping |
| Coverage | 145+ countries |
| Enterprise Use | Bulk OTC trades, regulated onboarding |
2. Brale
Brale began operations in 2022 and has its base in Des Moines, Iowa, USA. It offers Stablecoin-as-a-service. As such, enterprises can make branded, fiat backed stablecoins in 10 minutes.
Brale provides stablecoin issuance through 14+ blockchains such as Ethereum, Stellar, Solana, and Avalanche. Stablecoins in Brale are fully backed by short-term U.S. Treasuries and cash and cash equivalents kept in segregated accounts.
Prices are on a tiered basis starting at $0/month for Business, $10/month for Mini, and $500/month for Pro. Additional costs include $0.25 per ACH, $20 per wire, and gas + 20% per transfer. At $41 million, funding from Lightspeed and Accel helped launch Brale to enterprises for regulated issuance, custody, and cross-chain swap.
| Feature | Details |
|---|---|
| Founded | 2022 |
| Headquarters | Des Moines, Iowa, USA |
| Founder | Ben Milne |
| Supported Stablecoins | Custom branded fiat-backed stablecoins |
| Blockchain Support | 14+ (Ethereum, Stellar, Solana, Avalanche) |
| Services | Stablecoin issuance, custody, mint/burn, swaps |
| Backing | Cash, equivalents, U.S. Treasuries |
| Pricing | Tiered: $0, $10, $500/month + ACH/wire fees |
| Compliance | Segregated accounts, regulated framework |
| Funding | $41M (Lightspeed, Accel) |
| Target Users | Enterprises needing branded issuance |
| USP | Launch stablecoins in <10 minutes |
3. Cobo
Cobo was founded in 2017 by Discus Fish (Mao Shixing) and Dr. Changhao Jiang. It calls Singapore home with R&D in Beijing. Cobo’s infrastructure helps 3,000+ tokens across 80+ blockchains and includes stablecoin support for USDC, USDT, DAI, BUSD, PYUSD, etc.
Cobo was the first to establish the Wallet-as-a-Service (WaaS) solution and offers MPC-based custody, co-custody, and treasury services. Cobo offers custody services for a negotiable fee on a case to case basis.
Cobo has raised $53M+ in its Series A and B and offers custody services for 500+ institutions worldwide, including Safe Wallet and MetaMask Institutional. Cobo is SOC 2 Type II certified, and provides custody services for DeFi, NFTs, and tokenization services for RWA.
| Feature | Details |
|---|---|
| Founded | 2017 |
| Headquarters | Singapore |
| Founders | Discus Fish (Mao Shixing), Dr. Changhao Jiang |
| Supported Stablecoins | USDC, USDT, DAI, BUSD, PYUSD |
| Blockchain Support | 80+ blockchains |
| Services | Custody, Wallet-as-a-Service (WaaS), MPC wallets |
| Clients | 500+ institutions |
| Pricing | Enterprise-custom |
| Compliance | SOC 2 Type II certified |
| Funding | $53M+ |
| Integrations | MetaMask Institutional, Safe Wallet |
| USP | Institutional custody for DeFi, NFTs, RWAs |
4. Mesh
Bam Azizi and Adam Israel started Mesh in 2020 and are based in San Francisco, California. Mesh offers a crypto payments network across more than 300 exchanges and wallets. Mesh supports payments in 24+ blockchains and uses proprietary technology known as SmartFunding™ to support instant payment in fiat or stablecoins.
Merchants are charged 10-50 basis points for each transaction. Dragonfly Capital, Paradigm, PayPal Ventures, and Coinbase Ventures all helped Mesh reach a valuation of $1B in 2026. Mesh has clients such as PayPal, Revolut and MetaMask. Mesh has crossed $10B in monthly volume. Mesh is also SOC 2 Type II compliant and Halborn audited.
| Feature | Details |
|---|---|
| Founded | 2020 |
| Headquarters | San Francisco, California |
| Founders | Bam Azizi, Adam Israel |
| Supported Stablecoins | USDC, USDT, PYUSD, EURC, RLUSD |
| Blockchain Support | 24+ |
| Services | Global crypto payments, SmartFunding™ |
| Clients | PayPal, Revolut, MetaMask |
| Pricing | 10–50 bps per transaction |
| Funding | Unicorn status, backed by Paradigm, Coinbase Ventures |
| Volume | $10B+ monthly |
| Compliance | SOC 2 Type II, Halborn-audited |
| USP | Any-to-any settlement |
5. NOWPayments
Established in 2019, NOWPayments is the brainchild of the ChangeNOW team and is based in Amsterdam with additional offices in Tallinn. It is a non-custodial cryptocurrency payment gateway that allows commerce to be made with over 350 different cryptocurrencies, as well as stablecoins on multiple blockchains.
Merchants can integrate NOWPayments via APIs, Plugins (WooCommerce, Magento, Shopify), POS systems, and donation forms. NOWPayments lists its prices at 0.5% for transactions in a single currency and at 1% for transactions involving currency conversions.
NOWPayments easily integrates into eCommerce, gaming, and marketplace environments to process payouts, payroll, and transfers via stablecoins. It is operated by FD Transfers LLC (St. Vincent and the Grenadines), and focuses on having accessibility at a low cost throughout the world.
| Feature | Details |
|---|---|
| Founded | 2019 |
| Headquarters | Amsterdam, Netherlands |
| Parent | ChangeNOW |
| Supported Stablecoins | USDT, USDC, DAI, BUSD |
| Blockchain Support | Multi-chain |
| Services | Merchant gateway, APIs, plugins, POS |
| Pricing | 0.5% (single asset), 1% (multi-currency) |
| Integrations | Shopify, WooCommerce, Magento |
| Compliance | Non-custodial |
| USP | Low-cost global acceptance |
| Target Users | E-commerce, gaming, marketplaces |
6. Circle
Circle, founded in 2013 by Jeremy Allaire and Sean Neville and based in New York (U.S.) and Paris (E.U.), is the issuer of USDC and EURC and uses cash and U.S. Treasuries for full cash-backing. Circle also provides USYC, a money market fund.
Circle supports many blockchains, including Ethereum, Solana, Avalanche, Stellar, and Polygon. Circle has developed enterprise-level APIs for payments, treasury, and settlement, which charge based on transaction fees and treasury yield spreads.
In 2025, Circle’s IPO was conducted in June (NYSE: CRCL). Circle reported revenue of $2.4B in 2025. Circle also possesses licenses in 46 U.S. states, EU MiCA, FCA (U.K.), MAS (Singapore), and ADGM (UAE), making it the most licensed stablecoin issuer worldwide.
| Feature | Details |
|---|---|
| Founded | 2013 |
| Headquarters | New York City, USA |
| Founders | Jeremy Allaire, Sean Neville |
| Supported Stablecoins | USDC, EURC, USYC |
| Blockchain Support | Ethereum, Solana, Avalanche, Stellar, Polygon |
| Services | Issuance, treasury, settlement APIs |
| Pricing | Transaction fees + treasury yield spreads |
| Compliance | FCA, MAS, MiCA, ADGM, 46 U.S. states |
| IPO | 2025 (NYSE: CRCL) |
| Revenue | $2.4B (2025) |
| USP | Most regulated issuer globally |
7. Fireblocks
Michael Shaulov, Pavel Berengoltz, and Idan Ofrat founded Fireblocks in 2018. Fireblocks is an infrastructure company that provides a suite of solutions including institutional grade custody, payments, tokenizations, and treasury.
Fireblocks supports 150+ blockchains and numerous stablecoins such as USDC, USDT, DAI, PYUSD, and EURC. Fireblocks was the first company to introduce MPC (Multi-Party Computation) custody, and thus, eliminated the threat of a single key custody. Fireblocks is more expensive than competitors, and so is better suited for large institutions such as banks and asset managers.
Fireblocks has raised $1.04B at an $8B valuation and serves more than 2,400 institutions that include BNY Mellon, Revolut, and Galaxy Digital. Fireblocks has processed more than $6T in transactions, and built more than 550M wallets.
| Feature | Details |
|---|---|
| Founded | 2018 |
| Headquarters | New York City, USA |
| Founders | Michael Shaulov, Pavel Berengoltz, Idan Ofrat |
| Supported Stablecoins | USDC, USDT, DAI, PYUSD, EURC |
| Blockchain Support | 150+ |
| Services | Custody, treasury, tokenization |
| Pricing | Enterprise-custom |
| Clients | 2,400+ institutions |
| Funding | $1.04B raised, $8B valuation |
| Volume | $6T+ processed |
| Compliance | SOC 2 Type II |
| USP | MPC custody for banks & asset managers |
8. Anchorage Digital
Anchorage Digital, founded in 2017 by Diogo Mónica and Nathan McCauley in San Francisco, US has offices in New York, Singapore, and Porto and is a multi-jurisdictional institutional-grade platform which offers Anchorage Digital Bank N.A.
The first crypto bank to be granted a federally chartered bank in the U.S. by the Office of the Comptroller of the Currency (2021). Anchorage delivers custody, staking, trading, governance, settlement, and stablecoin issuance services for digital assets such as USDC, USDT, DAI, and EURC.
The price model is custom, with custody fees dependent on AUM. Anchorage has a valuation of $4.2 billion after a $100 million investment by Tether in 2026.
Anchorage serves governments, banks, and VCs, shielding assets worth tens of billions. Anchorage has a BitLicense from the New York Department of Financial Services, OCC (US), and MAS (Singapore).
| Feature | Details |
|---|---|
| Founded | 2017 |
| Headquarters | San Francisco, USA |
| Founders | Diogo Mónica, Nathan McCauley |
| Supported Stablecoins | USDC, USDT, DAI, EURC |
| Blockchain Support | Multi-chain |
| Services | Custody, staking, trading, governance |
| Pricing | Enterprise-negotiated |
| Compliance | OCC-chartered bank, MAS, NYDFS |
| Funding | $4.2B valuation (2026) |
| USP | First federally chartered crypto bank |
| Clients | Governments, banks, VCs |
9. Bridge
Zach Abrams and Sean Yu started Bridge in 2022 and opened their first office in San Antonio, TX. In 2025, they sold for $1.1 billion to Stripe, helping to add to Stripe’s child offerings. Bridge offers an API to allow businesses to build stable coins and offer wallet services, payment settlement, and build a credit card service.
Bridge supports mainline stable coins like USDC and USDT, as well as EURC and USDB, and is available on over 10 different blockchains and 10+ networks including Ethereum, Solana, Stellar, Tron, and Celo.
Enterprises can use Open Issuance to issue stable coins to mint and burn stable coins and utilize a custody service that is compliant. Price is flexible and is determined by the API and transaction volume. Enterprises prefer the service because of it’s high level of adaptability.
| Feature | Details |
|---|---|
| Founded | 2022 |
| Headquarters | San Antonio, Texas, USA |
| Founders | Zach Abrams, Sean Yu |
| Acquisition | Stripe (2025, $1.1B) |
| Supported Stablecoins | USDC, USDT, EURC, USDB |
| Blockchain Support | 10+ (Ethereum, Solana, Stellar, Tron, Celo) |
| Services | Issuance, wallets, orchestration, card programs |
| Pricing | Enterprise-custom |
| USP | API-first stablecoin infrastructure |
| Target Users | Enterprises needing branded issuance |
10. Coinbase Commerce
Coinbase Commerce launched in 2018 as a subsidiary of Coinbase Global Inc., located in San Francisco, USA. It is a dedicated crypto payments infrastructure built for merchants to bring simplicity and convenience to receiving crypto payments.
Coinbase Commerce supports multiple stablecoins and cryptocurrencies. The platform supports integration with Ethereum and Polygon along with other EVM compatible blockchains and Solana. Coinbase Commerce offers APIs, hosted checkout pages, and integrations for some of the most used e-commerce platforms including Shopify, WooCommerce, and Magento.
Coinbase Commerce charges a 1% transaction fee with additional gas costs for a merchant to process a payment. Merchants get their funds instantly, and since Coinbase Commerce has fiat on-ramps, there are custody options and fiat conversions via Coinbase Exchange which makes this a great solution for merchants globally for stablecoin adoption.
| Feature | Details |
|---|---|
| Founded | 2018 |
| Headquarters | San Francisco, USA |
| Parent | Coinbase Global, Inc. |
| Supported Stablecoins | USDC, USDT, DAI |
| Blockchain Support | Ethereum, Polygon, Solana |
| Services | Merchant gateway, hosted checkout, APIs |
| Pricing | 1% transaction fee + gas |
| Integrations | Shopify, WooCommerce, Magento |
| USP | Direct merchant crypto acceptance |
| Target Users | Global merchants, enterprises |
Enterprise Stablecoin Infrastructure Comparison
| Provider | Founded | HQ | Supported Stablecoins | Blockchain Support | Pricing | Compliance / Regulation |
|---|---|---|---|---|---|---|
| Transak | 2019 | Miami, FL | USDC, USDT, PYUSD, EURC | 45+ (Ethereum, Polygon, Solana, Tron) | ~1% + gas | FCA, FinCEN, MAS, MiCA |
| Brale | 2022 | Des Moines, IA | Custom branded stablecoins | 14+ (Ethereum, Stellar, Solana, Avalanche) | $0–$500/month + ACH/wire fees | Segregated accounts, regulated |
| Cobo | 2017 | Singapore | USDC, USDT, DAI, BUSD, PYUSD | 80+ | Enterprise-custom | SOC 2 Type II |
| Mesh | 2020 | San Francisco, CA | USDC, USDT, PYUSD, EURC, RLUSD | 24+ | 10–50 bps per txn | SOC 2 Type II, Halborn-audited |
| NOWPayments | 2019 | Amsterdam, NL | USDT, USDC, DAI, BUSD | Multi-chain | 0.5–1% + gas | Non-custodial |
| Circle | 2013 | New York City, NY | USDC, EURC, USYC | Ethereum, Solana, Avalanche, Stellar, Polygon | Fees + treasury spreads | FCA, MAS, MiCA, ADGM, 46 U.S. states |
| Fireblocks | 2018 | New York City, NY | USDC, USDT, DAI, PYUSD, EURC | 150+ | Enterprise-custom | SOC 2 Type II |
| Anchorage Digital | 2017 | San Francisco, CA | USDC, USDT, DAI, EURC | Multi-chain | Enterprise-negotiated | OCC-chartered bank, MAS, NYDFS |
| Bridge | 2022 | San Antonio, TX | USDC, USDT, EURC, USDB | 10+ (Ethereum, Solana, Stellar, Tron, Celo) | Enterprise-custom | Stripe-acquired, compliance-ready |
| Coinbase Commerce | 2018 | San Francisco, CA | USDC, USDT, DAI | Ethereum, Polygon, Solana | 1% + gas | Coinbase-regulated entity |
Conclusion
The infrastructure for stablecoins has made it easier for businesses to handle secure, compliant, and scalable payment transactions in the digital economy. Companies like Transak and Brale help businesses with the onboarding and branding for fiat to crypto. Cobo, Fireblocks and Anchorage Digital help with custody.
Mesh and Bridge minimize the complexity of settlements and issuance, while NOWPayments and Coinbase Commerce help with global payments. As presently the most regulated digital currency company, Circle retains the trust of its customers. The above companies have created an advanced enterprise stack and help serve the digital finance industry while ensuring compliance and scalability.
FAQ
What is stablecoin infrastructure?
Stablecoin infrastructure refers to the platforms and APIs enterprises use to issue, custody, settle, and accept stablecoins. It includes issuance providers like Brale, custody solutions like Fireblocks, and merchant gateways like Coinbase Commerce.
Which provider is best for issuance?
Enterprises looking to launch branded stablecoins often choose Brale or Bridge, as they provide turnkey issuance frameworks with compliance and treasury backing.
Which provider is best for custody?
For regulated custody, Anchorage Digital (OCC-chartered bank) and Fireblocks (MPC custody) are leading options trusted by banks and asset managers.
Which provider is best for merchant payments?
NOWPayments and Coinbase Commerce are ideal for merchants, offering plugins for Shopify, WooCommerce, and Magento with stablecoin checkout.