Depa picks Modern Treasury for cross-border payments

Depa Finance has selected Modern Treasury for its cross-border payments infrastructure, covering payment flows across US banking rails and stablecoins.

Depa uses stablecoins to help fintechs and corporate clients send money across borders. The arrangement will enable it to manage fiat and digital dollar transactions through a single payments interface and to offer Global USD Accounts to clients in more than 90 countries.

The agreement links a digital-asset-focused payments provider with a company whose software manages payment operations, ledgering, and compliance workflows. Depa handles more than 14,000 payments a day across more than 200 countries and processes more than USD $1 billion a year.

Under the setup, Depa can route transactions across stablecoins, ACH, wire transfers, RTP, and FedNow. It can also create named US accounts for clients that need to collect and send dollars but do not have direct access to the US financial system.

Cross-border reach

Cross-border payments have become a key testing ground for stablecoins, which are designed to maintain a steady value against traditional currencies and can be transferred at any time of day. Providers argue that digital tokens can reduce friction in markets where bank transfer systems are slow, fragmented, or expensive, particularly when businesses need to move funds between multiple countries.

Depa's model combines stablecoin rails with fiat accounts, multi-party computation wallets, and know-your-customer and anti-money laundering checks. The company serves fintechs and corporates operating in payment corridors that often require several banking and settlement methods.

For Modern Treasury, the deal adds another customer using its software to combine stablecoin settlement with traditional US payment networks. It has processed more than USD $600 billion in payments for hundreds of organisations.

The arrangement also reflects a broader push by payment companies to offer clients access to US dollar accounts and local payout options without requiring them to coordinate with separate banking, compliance, and transaction-monitoring providers. Bringing those functions together lets firms track the full lifecycle of a transaction in one system.

Single integration

For Depa, the ability to handle both fiat and stablecoin payments through a single integration is important as the platform expands. Its clients use it for international payments that require around-the-clock settlement and access to several payment methods.

One of the central features is real-time ledgering of each payment, whether the transfer is made through a bank rail or a stablecoin network. That gives Depa a single record of payment activity as funds move between account types, counterparties, and jurisdictions.

The companies also pointed to compliance controls built into the setup, including KYB and AML processes. Such checks have become more important as providers seek to connect crypto-linked payment services with the regulated banking system and with business customers that need audit trails and screening tools.

Alberto Martín Mazaira explained why Depa chose the platform.

"Building at the intersection of fiat and stablecoins requires infrastructure that can keep up with both worlds," said Alberto Martín Mazaira, Founder and CEO, Depa Finance. "Modern Treasury gives us a single layer to orchestrate, monitor, and ledger complex multi-rail payment flows, and critically, to extend USD access to our clients around the world. That's a meaningful unlock for the companies we serve."

Modern Treasury's Chief Executive also described stablecoins as an increasingly important part of international money movement.

"Stablecoins have fundamentally changed what's possible in cross-border payments, and Depa has been building their platform around that from the start," said Matt Marcus, Co-Founder and CEO of Modern Treasury. "We're proud to power the infrastructure that lets teams transact around the world in stablecoins and dollars with the speed and access that global commerce demands."