Atlas adds ‘all of the stablecoins' to its multi-currency banking product
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 to 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 have 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." Said James Robertson, Head of Product at Atlas. "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 earn 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" added Robertson
About Atlas
Atlas provides banking and payments for fiat, crypto, stablecoin, and tokenized assets. Regulated since 2018 and built by an experienced team from Morgan Stanley and the European Space Agency.
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