Spring Product Release Recap

New at Modern Treasury: Introducing Payments

This Spring, we took a big step to make it easier for teams to launch and scale payment products without stitching together a processor, a bank, a ledger, and the reconciliation layer in between with the launch of our integrated payment service provider (PSP). To us, excellence in payment orchestration means teams can programmatically open named U.S. accounts, accept pay-ins, and make payouts via ACH, wire, RTP, FedNow, push-to-card, and stablecoins, all through a single API that includes compliance and ledgering in a simple, bundled offering.

What used to take 6 to 12 months of bank onboarding can now go live in days. Stablecoin infrastructure is also supported from day one rather than added through separate providers or custom integrations. Every transaction, whether fiat or stablecoin-based, is automatically recorded against a real-time double-entry ledger that provides immediate visibility into balances, reconciliation, and transaction history.

The same infrastructure that has powered more than $400 billion in payments for companies like Gusto and Procore is now available as an integrated platform designed for teams building modern payment products.

Here’s a recap of what we launched this spring.

What We Introduced

Modern Treasury Payments

In February, we launched Modern Treasury Payments, an integrated PSP that combines payment accounts, multi-rail money movement, compliance, and ledgering into a single system.

Instead of managing fragmented payment infrastructure across multiple providers, teams can now launch and operate payment products through one system and one API.

Payment Accounts

Programmatically open named U.S. sub-accounts for payins and payouts with unique account numbers, real-time balances, and transaction history.

Multi-Rail Money Movement

Accept pay-ins and make payouts via ACH, wire, RTP, FedNow, push-to-card, and stablecoins from a single integration.

Built-In Compliance

Run KYC, KYB, AML, and counterparty screening as part of the payment flow, reducing the need for separate compliance vendors.

Real-Time Ledgering

Every fiat or stablecoin transaction posts to a double-entry ledger in real time, giving teams immediate access to balances, transaction histories, and reconciliation data.

See how Payments works

Stablecoin Orchestration

This Spring, we also expanded our stablecoin infrastructure capabilities to help businesses manage fiat and stablecoin payment flows together, within the same operating model.

Historically, stablecoin adoption has required separate providers, fragmented operational tooling, and disconnected reconciliation systems. Our goal is to make stablecoin infrastructure behave like any other payment rail inside Modern Treasury.

Payment Sub-Accounts for users

Allow users to collect and send USD via named U.S. sub-accounts with programmatic USD <> stablecoin conversions.

USD to Stablecoin On-Ramps

Fund in USD via ACH pull or wire, convert to stablecoins, and send on-chain in one flow.

Stablecoin to USD Off-Ramps

Receive stablecoins, convert to USD, and pay out via ACH, wire, RTP, FedNow, or push-to-card.

Instant Payouts

Use real-time fiat rails like RTP, FedNow, and push-to-card to support faster stablecoin off-ramps.

Yield on Idle Balances

Eligible balances can also generate yield while remaining operationally accessible for payment activity.

Learn about stablecoin flows

Additional Capabilities Released

Alongside the launch of Modern Treasury Payments, we introduced several additional capabilities designed to improve payment operations and reduce manual workflows.

Payment Scheduling

Schedule payments across rails in advance through the API, with pending ledger tracking and automatic posting at send time.

Automated Compliance and Counterparty Screening

Run approvals and screenings during onboarding and payment initiation.

Legal Entity Management

View and manage legal entities, account relationships, verification status, and associated rails in one place.

What Changed

This launch marked an important evolution for Modern Treasury.

Historically, many companies used Modern Treasury to manage payment operations and reconciliation on top of fragmented banking and payment systems. With the launch of Modern Treasury Payments, accounts, payment rails, compliance workflows, and ledgering now operate together as a unified infrastructure platform.

Several major shifts came with this release.

Payments are now bundled into one integrated platform.

Accounts, rails, compliance, and ledgering no longer need to be assembled across separate vendors.

Stablecoins are a core payment rail.

Stablecoin orchestration now operates alongside ACH, wire, RTP, FedNow, and push-to-card within the same infrastructure layer rather than existing as a disconnected workflow.

Launch timelines are shorter.

What previously required months of bank onboarding and custom integration work can now be launched in days.

Ledgering is native to every transaction.

Balances, transaction histories, and reconciliation data are available immediately across fiat and stablecoin flows.

Core Use Cases We’re Supporting

We’ve seen strong early adoption across startups, fintech companies, marketplaces, and mid-market software platforms building payment experiences.

Some of the most common customer challenges we’re helping solve include:

Sub-account reconciliation: Customers are struggling to track whose money is whose across marketplaces, payroll products, lending platforms, healthcare workflows, and embedded fintech use cases. Manual reconciliation is creating operational drag, accounting risk, and scaling constraints.

Fiat and stablecoin orchestration: Crypto-native and stablecoin-adjacent customers want one platform to manage ACH, RTP, bank-account payouts, and stablecoin movement without stitching together multiple vendors.

Bank onboarding complexity: Customers pursuing direct bank relationships face long onboarding timelines, complex underwriting, high implementation costs, and significant operational burden.

Forced vendor migration: Some customers are actively replacing existing providers that have terminated them, restricted geography, capped transaction sizes, or failed to support required rails. These opportunities tend to be urgent and highly qualified.

Demand for modern payment rails: Customers increasingly need RTP, FedNow, same-day ACH, push-to-card, and stablecoin support to deliver faster payment experiences. These capabilities are often not the initial pain point, but they frequently influence vendor selection.

What’s Next in Q2

Our focus in Q2 is scaling the platform and expanding the set of payment flows customers can manage through Modern Treasury.

Expanding the PSP Tool Belt

We’re continuing to build support for:

• checks
• received ACH debits
• push-to-card improvements
• reverse wire workflows
• wire drawdowns

These additions expand the range of domestic payment operations customers can run through a single platform.

Scaling Stablecoin Infrastructure

We’re investing in infrastructure improvements that make stablecoin adoption easier in production environments.

This includes:

• improved ramp orchestration
• USDT support
• Global USD Accounts

Global USD Accounts will allow platforms to offer named U.S. dollar accounts to eligible individuals and businesses operating internationally

Preparing Operations for Scale

As larger customers onboard, we’re continuing to invest in the operational infrastructure required to support higher payment volume with minimal manual intervention.

The theme for Q2 is scale.

In Spring 2026, we launched the foundation of an integrated payment infrastructure platform that unifies accounts, payments, compliance, ledgering, and stablecoin orchestration. In Q2, we’re focused on expanding capabilities, supporting larger deployments, and helping more businesses launch modern payment products faster.

Explore the API docs

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