Modern Treasury Launches Payment Service Provider Offering as Stablecoin Use Cases Drive Growth

Modern Treasury Launches Payment Service Provider Offering as Stablecoin Use Cases Drive Growth

Modern Treasury, the payment operations platform, has launched a new payment service provider offering, CEO and cofounder Matt Marcus disclosed in an interview published Wednesday, as the company positions itself to capitalize on what it describes as explosive growth in stablecoin transactions.

The San Francisco-based company, which provides payment orchestration infrastructure for enterprises, is expanding its services at a moment when corporate treasurers are increasingly grappling with fragmented payment systems and the emerging complexity of digital asset settlements. The timing reflects a broader shift in how finance leaders are thinking about payment infrastructure—not as a back-office function, but as a strategic capability that requires orchestration across multiple rails and asset types.

Marcus, speaking alongside Matt Janiga, the company's recently appointed lead counsel, outlined how the payment service provider product fits into Modern Treasury's broader orchestration strategy. The discussion, hosted by Fintech Business Weekly's Jason Mikula, centered on which types of companies can benefit from payment orchestration—a question that's become more urgent as finance teams find themselves managing payments across traditional banking rails, real-time payment networks, and now stablecoin infrastructure.

The stablecoin conversation is particularly relevant for CFOs watching regulatory developments unfold. Janiga, whose recent hire signals Modern Treasury's focus on navigating the evolving compliance landscape, discussed how the company approaches building products in a space where the rules are still being written. It's the classic fintech dilemma: move too slowly and miss the market; move too quickly and risk building on unstable regulatory ground.

What's driving the stablecoin interest, according to Marcus, are specific use cases rather than speculative enthusiasm. The interview touched on how companies are actually deploying stablecoins for payment operations—the practical applications that finance leaders care about, not the theoretical benefits that crypto evangelists promise. (The difference matters: one involves actual treasury operations, the other involves PowerPoint decks.)

Modern Treasury has been publishing research on these trends through the Modern Treasury Journal, which Janiga referenced during the conversation. The publication has become something of a resource for finance teams trying to understand payment orchestration without wading through vendor marketing or crypto Twitter noise.

The payment orchestration market itself represents a response to a problem that's only gotten worse as payment options have proliferated. Finance teams that once managed ACH and wire transfers now need to evaluate real-time payment networks, cross-border corridors, and digital asset rails. The question isn't whether to orchestrate—it's whether to build that orchestration layer internally or buy it from a platform like Modern Treasury.

For CFOs, the strategic question is whether payment infrastructure has become complex enough to warrant a dedicated orchestration layer, or whether it's still manageable within existing treasury management systems. Modern Treasury's bet, reflected in both the new PSP offering and the stablecoin focus, is that the complexity has crossed a threshold. The company is positioning itself as the translation layer between legacy treasury operations and whatever comes next.

The full interview is available through Fintech Business Weekly's podcast feed, for those wanting to hear Marcus and Janiga elaborate on the technical details that didn't make it into the summary. As always with infrastructure plays, the interesting part isn't the product announcement—it's what the product announcement tells you about where the market is actually heading.