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, according to company CEO and cofounder Matt Marcus, who discussed the expansion in a recent podcast interview alongside the company's recently appointed lead counsel, Matt Janiga.

The move comes as the payment orchestration space faces growing demand from companies navigating increasingly complex payment infrastructure, particularly around stablecoins. Marcus and Janiga outlined how Modern Treasury is positioning itself to serve firms that need to coordinate multiple payment rails and methods—a capability they describe as "payment orchestration."

The timing reflects broader shifts in corporate treasury operations. Companies are increasingly dealing with fragmented payment systems that require coordinating traditional banking rails with newer technologies like stablecoins. Modern Treasury's payment service provider offering appears designed to address this complexity by providing a unified layer for managing diverse payment types.

During the February 19 interview on the Fintech Business Podcast, the executives emphasized stablecoins as a particular growth driver. The digital currencies, which maintain a stable value typically pegged to the U.S. dollar, have seen "explosive growth" in use cases, according to the discussion. However, the regulatory and technical landscape around stablecoins remains "rapidly evolving," creating challenges for companies trying to build payment infrastructure in the space.

Modern Treasury's approach involves what Marcus and Janiga describe as careful consideration of how to build in this uncertain environment. The company has published guidance on the topic through the Modern Treasury Journal, which Janiga referenced during the conversation as a resource for companies navigating payment orchestration decisions.

The question of which companies actually need payment orchestration emerged as a key theme. Not every business requires the complexity of coordinating multiple payment methods, but for those operating across different geographies, payment types, or regulatory regimes, the capability has become essential. Modern Treasury's bet is that this category is expanding as payment options proliferate.

The addition of Janiga as lead counsel signals Modern Treasury's focus on the regulatory dimensions of payment infrastructure. As companies experiment with stablecoins and other emerging payment technologies, legal and compliance considerations have moved from back-office concerns to strategic priorities that can determine which payment methods a company can actually deploy.

For finance leaders, the developments highlight a broader trend: payment infrastructure is no longer a simple matter of choosing a bank and a processor. The proliferation of payment rails—from ACH and wires to real-time payments and stablecoins—means treasury teams increasingly need orchestration layers that can route transactions appropriately based on speed, cost, and regulatory requirements.

The challenge for Modern Treasury and similar platforms will be demonstrating clear value as the stablecoin regulatory framework continues to take shape. Companies considering payment orchestration investments face the classic build-versus-buy calculation, complicated by uncertainty about which payment methods will prove durable and which regulatory requirements will ultimately apply.

What remains unclear is how quickly the stablecoin use cases driving current interest will translate into sustained enterprise adoption, and whether the regulatory environment will stabilize enough for companies to make long-term infrastructure commitments.