Mural Pay offers licensed stablecoin B2B payments API

Mural Pay operates a stablecoin-native payments API with money transmission services provided by Mural Networks Inc. (NMLS #2744530). The New York-headquartered company was founded in 2022 and has offices in Denver and Bogota. Mural Pay reports it processes more than $200 million in annual volume and handles over 5,000 monthly payments for enterprise customers including Deel, Opera, Bolt and Koywe.

The platform is built for businesses, fintechs, banks and payroll platforms that need cross-border settlement. It offers consolidated multi-currency balances, instant stablecoin payouts, batch payments for more than 100 recipients, FX conversion at market rates, yield options for idle balances and embedded compliance through a single API integration. The company reports settlement times measured in seconds to minutes for stablecoin transfers and faster-than-SWIFT timelines for fiat conversions.

Mural Pay supports USDC, USDT and PYUSD as primary settlement assets and provides fiat corridors including USD, COP, ARS and MXN. The company issues virtual accounts with real USD routing details and local currency account numbers to receive inbound wires, ACH or stablecoin transfers. Customers can run batch payouts and market-rate FX in production environments; Opera uses the platform for creator payouts, Deel for payroll disbursements, Bolt for embedded merchant accounts and Koywe for Latin American currency conversion.

Mural Networks’ money transmitter license covers AML, KYC and regulatory reporting obligations required in relevant US jurisdictions. The company notes that licensing and compliance features can reduce the need for some customers to obtain their own state money transmitter approvals, a process that commonly takes 12 to 24 months. Mural Pay also offers a forward-deployed engineer model that the company says can bring a customer live in under three weeks and provides a developer sandbox for API testing.

The platform is organized around six core functions: consolidated storage of multi-currency balances; instant stablecoin payouts and faster fiat off-ramps; dedicated virtual accounts to receive funds; transparent FX conversion; yield on idle stablecoin balances; and automated compliance checks and reporting. Mural Pay reports that many USDC routes carry zero or near-zero transfer fees and that the company covers blockchain gas costs on many transfers, while FX and fiat off-ramps incur corridor-dependent charges.

Partners include Taxbit, which was integrated in August 2025 to support stablecoin tax reporting, and Turnkey, which provides an optional self-custodial wallet infrastructure that lets customers control their own keys. Named customer deployments cited by the company cover payroll, marketplace payouts, merchant accounts and LatAm FX.

Limitations disclosed by the company and noted by customers include the absence of published pricing on the public website and a requirement to enter an enterprise sales process for production access. Mural Pay’s product depth is most developed in the Americas corridors where virtual accounts and LatAm FX capabilities are detailed; coverage in European, Asian and African corridors is described as broader but less specifically validated.