Conduit Launches Virtual Accounts to Unify Fiat and Stablecoin Payments Globally

Conduit's Multicurrency Virtual Accounts: A New Standard in Cross-Border Payments

Conduit, a cross-border payments platform, has unveiled multicurrency virtual accounts that unify fiat and stablecoin payments on a single platform. These accounts allow businesses to manage USD, EUR, and GBP balances while enabling near-instant transactions in 15 fiat currencies and stablecoins like USDT and USDC according to the company announcement. The new offering aims to streamline global payments by linking to major financial rails like SWIFT and Fedwire.

The virtual accounts provide businesses with unique account numbers and IBANs, enabling them to receive named deposits and make named payouts seamlessly. This feature is designed to connect businesses with global financial hubs, including the US and China, as well as over 100 other countries according to the platform's announcement. The initiative is backed by partnerships with nearly 30 banks and a growing network of US banking partners.

Conduit's virtual accounts are categorized into two types: Corporate Treasury Accounts and Customer Virtual Accounts. The former allows businesses to operate a full corporate treasury, while the latter provides scalable, publicly addressable accounts for individual customers. Both account types are designed to ensure compliance and offer customizable fee structures according to the company's announcement.

The accounts also support embedded finance tools, simplifying payment flows for a wide range of clients.

A Shift in Global Payment Infrastructure

The launch of Conduit's virtual accounts reflects a broader shift in global payment infrastructure, where stablecoins and traditional banking systems are increasingly converging. By integrating stablecoins with regulated bank accounts, Conduit aims to provide a more efficient and cost-effective solution for global transactions. The platform's ability to facilitate cross-border payments in real time represents a significant departure from traditional banking systems, which often involve delays and higher costs according to the company's announcement.

The integration of stablecoins into virtual accounts also addresses a growing demand for speed and flexibility in international transactions. For businesses operating in multiple jurisdictions, the ability to send and receive payments in USD, EUR, and GBP without the need for multiple accounts or intermediaries could reduce operational complexity. This is particularly relevant for companies engaged in e-commerce, marketplaces, and payroll services according to the company's announcement.

Strategic Partnerships and Market Impact

Conduit's virtual accounts are supported by partnerships with over 30 banks, including six active US bank partners. These partnerships are critical in ensuring that the platform adheres to regulatory standards while offering a seamless experience for businesses. The company's CEO, Kirill Gertman, emphasized that the virtual accounts are designed to simplify global financial operations by uniting fiat and stablecoin flows according to the company's announcement.

From a market perspective, the launch of these accounts positions Conduit as a key player in the evolving cross-border payment landscape. The platform's ability to support 15 fiat currencies and multiple stablecoins offers a competitive edge over traditional financial institutions, which may struggle to match the speed and cost efficiency of stablecoin-based solutions. As businesses continue to seek alternatives to traditional banking for international transactions, Conduit's offering could gain significant traction according to the company's announcement.

Looking Ahead

With the recent announcement, Conduit continues to expand its footprint in the cross-border payments space. The company had previously raised $36 million in a Series A funding round in May 2025, signaling strong investor confidence in its growth trajectory. As the demand for real-time, low-cost international transactions increases, Conduit's virtual accounts could become a standard tool for businesses seeking to streamline their global operations according to the company's announcement.

The platform's ability to integrate with major payment rails and support a wide range of currencies positions it as a potential disruptor in the financial sector. As the global economy becomes more interconnected, the need for efficient and secure payment solutions will continue to rise. Conduit's virtual accounts may serve as a model for future developments in this space, setting a new standard for cross-border financial transactions.