Stablecoin payments reach AP platforms for vendor bills

B2B stablecoin payment volume rose 733% year over year to $226 billion in 2025, according to McKinsey data. The figure represented about 0.01% of global B2B payment flows. Payment infrastructure and links to existing finance systems remain barriers to broader use.

International wires generally cost $25 to $50 and settle in two to five business days. Regulated stablecoin payout providers typically charge less than 1%. Stablecoin transfers can settle outside banking hours, but companies still need to process invoices, approve payments, verify suppliers and reconcile transactions.

Bitwave’s Onchain AP product supports USDC and USDT payments across several networks. It includes invoice and approval functions, vendor wallet verification, address allow-listing, batch payments and a digital-asset subledger. The product connects with NetSuite and other enterprise resource planning systems. Bitwave does not convert stablecoins into fiat, and its pricing is available by enterprise quote.

Request Finance combines invoice intake, approval routing, batch payments, payroll and expense functions. The company reports more than $1 billion in cumulative bill payments and lists The Sandbox, OpenZeppelin, Arbitrum and Beam among its customers. Its listed prices range from $300 per month for Basic to $1,500 per month for Premium.

Ramp added stablecoin accounts and stablecoin payments to Bill Pay in July 2026. Businesses can send USDC or USDT to vendor wallets in more than 140 countries or convert funds into payments in more than 40 local currencies. Payments can be funded through Ramp Checking or an external bank account, so customers do not need to hold stablecoins directly. Ramp reports that more than 1,000 businesses use its platform for vendor stablecoin payments. Balances are held with Bridge and are not FDIC-insured. The product is unavailable in New York.

Mural Pay supports USDC, USDT and PYUSD, batch payments and application programming interface integrations. Its Taxbit integration supports stablecoin tax reporting. Mural processes more than $200 million in annual stablecoin volume, according to company information, and is used by businesses including Opera, Deel and Bolt. It provides payment infrastructure rather than a complete accounts-payable interface.

Coinbase Business offers USDC payouts to blockchain addresses or email addresses, scheduled and batch payments, vendor contact management and integrations with QuickBooks, Xero and CoinTracker. Email payouts allow suppliers to receive funds without first creating a crypto wallet. Its approval tools are less extensive than those in Bitwave and Request Finance.

Rise focuses on international contractor payments. Its services include compliance documents, tax forms and settlement in stablecoins or fiat currencies. Triple-A supports USDC, USDT and PYUSD across more than 70 countries and 30 local currencies. Its typical payout fees are below 1%. Both companies are generally used with broader accounts-payable systems.

BILL, Tipalti and Stampli do not offer native stablecoin payments in 2026. Their software supports approval controls, purchase-order matching and accounting integrations. Some companies use those systems for approvals and connect them to separate stablecoin payout providers for selected payment corridors.

Accounts-payable teams evaluating these products typically review invoice capture, multi-person approvals, wallet verification, fiat and stablecoin payout options, and general-ledger synchronization. Gas fees, foreign-exchange spreads, transaction costs and the tax basis of each stablecoin payment may also require separate records.

The Financial Accounting Standards Board issued a proposed accounting update on Aug. 18, 2026. Comments are due Nov. 19, 2026. The proposal would add examples for when certain stablecoins may qualify as cash equivalents under existing rules. Factors include direct redemption with the issuer at a known cash amount, limited fees and restrictions, and one-to-one reserves held in cash or highly liquid assets.

Stablecoin payments are often irreversible and generally do not offer chargebacks or bank recalls. Businesses must verify supplier details and wallet addresses before payment, screen addresses for sanctions and keep tax and accounting records. Among companies already receiving stablecoin payments, 88% of incoming funds are immediately converted into dollars, according to PYMNTS Intelligence.