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

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

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 19, 2026.

The move comes as the company sees "explosive growth" in stablecoin-related use cases, according to Marcus, who appeared on Fintech Business Weekly alongside Matt Janiga, Modern Treasury's recently appointed lead counsel. The discussion centered on the company's expansion into payment orchestration—a category of software that helps finance teams manage multiple payment rails and providers from a single interface.

Marcus and Janiga outlined how Modern Treasury is positioning itself in what they describe as a "rapidly evolving stablecoin space," though they declined to provide specific metrics on adoption or revenue tied to the new offering. The company has published technical guidance through its Modern Treasury Journal, which Janiga referenced during the conversation, aimed at finance and treasury teams navigating the operational complexities of digital asset payments.

The payment orchestration market has attracted attention from CFOs at companies managing high transaction volumes across multiple geographies and payment methods. Modern Treasury's thesis, according to Marcus, is that certain types of companies—he didn't specify which—stand to benefit significantly from consolidating payment infrastructure that currently spans traditional banking rails, card networks, and emerging stablecoin channels.

The timing of the launch reflects broader institutional interest in stablecoins, which have moved from crypto-native use cases to mainstream treasury operations over the past 18 months. Finance leaders at companies handling cross-border payments or operating in markets with limited banking infrastructure have begun experimenting with dollar-pegged tokens as an alternative to correspondent banking relationships.

What remains unclear from the interview is how Modern Treasury plans to navigate the regulatory uncertainty still surrounding stablecoin payments, particularly as federal agencies continue debating oversight frameworks. Janiga's recent hire as lead counsel suggests the company is building out compliance capabilities, though neither executive detailed specific regulatory strategies during the discussion.

The payment service provider designation typically requires state-level money transmitter licenses, a regulatory burden that has slowed some fintech companies' expansion plans. Modern Treasury did not disclose which states it has secured licenses in or whether its PSP offering is available nationwide.

For CFOs evaluating payment orchestration platforms, the key question is whether consolidating payment operations through a single vendor reduces operational risk or simply concentrates it. Modern Treasury's bet appears to be that finance teams are willing to accept vendor concentration in exchange for unified reporting, reconciliation, and compliance workflows across an increasingly fragmented payment landscape.

The company faces competition from both legacy payment processors adding orchestration features and newer startups building specifically for the stablecoin era. Marcus acknowledged the competitive dynamics but argued Modern Treasury's advantage lies in its existing relationships with finance teams already using its core platform for payment operations and cash management visibility.