Fintech Brex Launches Stablecoin Payment Platform Amid Demand

Fintech company Brex Inc. will start allowing stablecoin transactions on its platform, becoming the latest firm to adopt the digital asset as a payment method.

In the coming months the San Francisco-based firm said its clients will be able to accept and send Circle Internet Group Inc.’s dollar-pegged token USDC for payments and disbursements. Brex said it is working with its partner Column Bank N.A. to power its stablecoin offering.

Like many other fintech companies, Brex is seeking to distinguish itself from traditional banks by moving faster to add support for products like stablecoins and having a clearer understanding ...