Modern Treasury Launches Payment Provider Service as Stablecoin Volumes Surge

Modern Treasury Launches Payment Provider Service as Stablecoin Volumes Surge

Modern Treasury, the payment operations platform, has launched a new payment service provider offering, CEO and cofounder Matt Marcus disclosed in a podcast interview published February 19th.

The move comes as the San Francisco-based company navigates what Marcus described as "explosive growth" in stablecoin transaction volumes, a trend forcing treasury teams to rethink how they orchestrate payments across multiple rails and currencies. The company has also brought on Matt Janiga as lead counsel to help navigate the rapidly evolving regulatory landscape around digital assets and payment infrastructure.

In the interview on Fintech Business Weekly, Marcus and Janiga outlined Modern Treasury's thesis that payment orchestration—the ability to route transactions intelligently across different payment networks—has become critical infrastructure for a new class of companies. The question is no longer whether finance teams need orchestration capabilities, but which types of organizations can extract the most value from them.

The stablecoin conversation dominated much of the discussion. These dollar-pegged digital tokens, which live on blockchain networks but maintain a 1:1 value with traditional currency, have moved from crypto-native curiosity to mainstream treasury consideration faster than most observers predicted. Marcus and Janiga spent considerable time exploring the use cases driving adoption, though the interview format meant specific volume figures or customer examples weren't disclosed.

What emerged instead was a picture of infrastructure providers racing to build systems for a market whose rules are still being written. Janiga, whose legal background positions him at the intersection of traditional finance regulation and digital asset innovation, discussed how Modern Treasury approaches product development when the regulatory framework itself remains in flux. The company publishes its thinking in the Modern Treasury Journal, which Janiga referenced as a resource for finance teams trying to understand the orchestration space.

The payment service provider launch represents a natural extension of Modern Treasury's existing platform, which helps companies manage money movement operations. By adding PSP capabilities, the company is positioning itself to handle not just the operational complexity of payments but also the merchant acquiring and processing functions that sit upstream.

For CFOs and treasury teams, the strategic question is whether payment orchestration belongs in-house or with a specialist provider. Modern Treasury's bet is that the proliferation of payment rails—traditional ACH and wires, real-time payment networks, card networks, and now stablecoins—has made the build-versus-buy calculation tip decisively toward specialized platforms. The complexity isn't just technical; it's regulatory, operational, and increasingly, a matter of competitive advantage in industries where payment speed and cost matter.

The interview arrives as financial infrastructure providers face a moment of reckoning. Stablecoins promise faster settlement and lower costs than traditional rails, but they also introduce custody questions, regulatory uncertainty, and integration challenges that most finance teams haven't encountered before. Companies like Modern Treasury are effectively asking CFOs to trust them with the translation layer between old and new money movement systems.

What remains unclear is how quickly corporate treasury departments will actually adopt stablecoin rails for operational payments, as opposed to simply monitoring the space. Marcus and Janiga's discussion suggested the infrastructure is ready and the use cases are compelling, but the interview format didn't yield the kind of adoption metrics or customer case studies that would indicate whether mainstream finance is genuinely ready to move beyond pilot programs.

The Modern Treasury Journal, available on the company's website, offers additional detail for finance leaders trying to separate stablecoin signal from noise.