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Boltz Launches Non-Custodial USDC Swaps, Bridging Bitcoin Directly To Circle’s Regulated Dollar

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Boltz Launches Non-Custodial USDC Swaps, Bridging Bitcoin Directly To Circle’s Regulated Dollar

Boltz, a leading non-custodial swap provider for Bitcoin, today announced the launch of USDC Swaps, enabling instant conversion between Bitcoin and USDC, the regulated stablecoin issued by Circle. Swaps are supported across all major Bitcoin layers, including the Lightning Network, and are live now at boltz.exchange.

“USDC Swaps mark a turning point for the Bitcoin ecosystem. For the first time, anyone can move between Bitcoin and the dollar most trusted by the regulated financial world without opening an account, completing KYC, or trusting a custodian in the process,” said the team in a press release shared with Bitcoin Magazine. 

A Non-Custodial Bridge

Exchanging Bitcoin for USDC is not new. What is new is doing it without giving up custody. Today, users who want to move between Bitcoin and a regulated dollar are typically funneled through centralized exchanges and brokerages that require account creation, identity verification, and full custody of user funds. A subset of services offer the same conversion without an account upfront, but because those services still take custody of user funds during the swap, they retain the ability to pause settlement and request identity documents if a transaction is flagged for review, with funds potentially getting confiscated in the meantime. The trade-off, in either case, has been the same: trust, surveillance, and friction in exchange for access.

Boltz removes that trade-off. USDC Swaps execute trustlessly, with no account, no sign-up, and no KYC at any stage. Funds remain under user control until the moment USDC arrives in the user’s wallet. This is the core innovation, and it is what separates Boltz from every other path between Bitcoin and Circle’s regulated Stablecoin.

Bridging Two Financial Worlds

For more than a decade, Bitcoin and the stablecoin economy have evolved on parallel tracks. Bitcoin built the open, permissionless side of the internet’s financial layer. Circle and USDC built the compliant, audited dollar that institutions require for operations. The two rarely connected directly.

USDC Swaps close that gap. With a single transaction, value can move between Bitcoin and a fully reserved, monthly-attested dollar that is already integrated into the products of Stripe, Coinbase, Visa, Mastercard, BlackRock, Robinhood, Revolut, Nubank, and a long list of banks, fintechs, and payment processors worldwide.

“The momentum is unmistakable,” wrote the Boltz team. USDC is the stablecoin that Stripe and Paradigm placed at the center of Tempo, their new payments-focused blockchain. It is the dollar on which Coinbase built its institutional infrastructure. It is the dollar that regulated card networks, asset managers, and global fintechs reach for when they need a digital dollar they can defend to a regulator. Boltz USDC swaps mean plugging Bitcoin directly into the rails that the regulated world is already standardizing on.

“Bitcoin and the regulated financial system have always been adjacent worlds, separated by intermediaries that demand custody and identity,” said Kilian Rausch, CEO of Boltz. “USDC Swaps remove that separation. A merchant accepting Bitcoin, a freelancer paid in sats, a treasury team managing operating capital, all of them can now reach the regulated dollar economy on their own terms, in seconds.”

Powered by the Cross-Chain Transfer Protocol

USDC Swaps are built on Circle’s Cross-Chain Transfer Protocol (CCTP), the native infrastructure that allows USDC to move across blockchains without wrapping or third-party bridges. Every USDC delivered through a Boltz swap is genuine, Circle-issued USDC, the same USDC accepted by regulated payment partners around the world.

By building on CCTP, Boltz is able to serve users across every USDC-supported network, including Ethereum, Arbitrum, Base, Polygon, and others, from a single, focused liquidity provider.

Use Cases Across Consumer and Business

Boltz believes that USDC Swaps unlock a broad set of practical applications, including:

  • Off-ramping Bitcoin into the banking system through regulated partners that already accept USDC, such as Stripe, Coinbase, and Bridge.
  • Day-to-day operations for Bitcoin-native businesses, such as paying vendors, funding payroll, and settling recurring bills in regulated dollars without leaving non-custodial infrastructure.
  • Merchant settlement for Bitcoin-accepting businesses that need to book revenue in compliant, accountant-friendly USDC.

All of the above are now unlocked without having to use crypto wallets outside of Bitcoin. Users send Bitcoin through Boltz and the recipient can receive USDC.

Bitcoin First, by Design

Boltz emphasized that the launch does not change the company’s Bitcoin-first orientation. All swaps remain non-custodial, all swaps settle atomically, and a “Bitcoin-Only Mode” continues to be available for users who prefer a stripped-down interface. USDC Swaps simply extend the reach of Bitcoin into a part of the financial system that, until now, has been difficult to access without trusted intermediaries.

USDC Swaps are available immediately to all users at boltz.exchange. Integration into various SDKs and the Boltz BTCPay Plugin is planned to follow in the coming weeks, according to the company.

Ethereum Whales Accumulate Aggressively as ETH Price Rises to $2.4K

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Ethereum Whales Accumulate Aggressively as ETH Price Rises to $2.4K

Ethereum accumulation addresses witnessed a surge in daily inflows on Wednesday, suggesting growing confidence in Ether’s (ETH) long-term price trajectory following its latest rise to $2,400.

Key takeaways:

  • Accumulation addresses absorbed about $592 million in ETH on Wednesday, signalling aggressive long-term buying.
  • Ether’s ascending triangle projects an ETH price rally to $3,315.

Ethereum accumulators add $592 million in ETH

Ether’s investor confidence has returned following its 39% recovery from a multi-year low below $1,750.

Data from CryptoQuant showed daily inflows into accumulation addresses have increased steadily since mid-2025, reaching an all-time high of 1.14 million ETH in November 2025. The inflows have continued to climb in 2026, averaging 200,000 ETH per day.

These addresses received 246,620 ETH on Tuesday, worth approximately $592 million at current rates.

ETH inflows into accumulation addresses. Source: CryptoQuant

Accumulation addresses are wallets that continuously receive ETH without making any outgoing transactions. They may belong to long-term holders, institutional investors, or entities strategically accumulating Ethereum rather than actively trading it.

As a result, the total ETH held by these long-term holders reached a record 25 million ETH, marking a 20.36% jump so far in 2026. 

Large spikes in inflows to these addresses often signal strong confidence in Ether’s long-term potential, with past trends showing that such surges frequently precede price rallies.

For example, on June 22, 2025, Ethereum accumulation addresses recorded a daily inflow of over 380,000 ETH. Nearly 30 days later, ETH’s price rose by almost 85%. A similar price rally followed November 2025’s inflow spike into the accumulation addresses.

Whale wallets are also showing bullish signals. The chart below shows that whale wallets with a balance of 10,000-100,000 ETH have seen their holdings rise to an all-time high of over 19.5 million tokens, after rapid accumulation over the last 30 days.

Wallets with over 100,000 ETH have also increased their holdings to 4.7 million ETH, a 30% increase in 2026. 

Ethereum: Balance by holder value

As Cointelegraph reported, Ether’s spot taker cumulative volume delta, which has been increasing since early April, also suggested growing confidence among buyers.

How high can the ETH price go?

Ether’s liquidation heatmap shows the price eating away liquidity around $2,400, with large bid orders still sitting at $3,000, and between $3,350 and 3,500.

“If $ETH breaks through $2,500, a steady rise to $3,000 will follow,” crypto analyst CW8900 said in a Wednesday post on X, adding:

“There is almost no resistance for short positions.”

ETH liquidation heatmap. Source: CoinGlass

From a technical perspective, the ETH/USD pair is seeking to break above the horizontal trend line of an ascending triangle at $2,400.

A daily candlestick close above the 200-day exponential moving average at $2,700 will confirm the continuation of the uptrend toward the measured target of the triangle at $3,315. Such a move would bring the total gains to 40%.

ETH/USD daily chart. Source: Cointelegraph/TradingView

Technical analyst XForceGlobal shared a chart suggesting that Ether’s macro bottom could be in, with an Elliott Wave analysis projecting a rally to $3,500 once resistance at $2,600-$2,700 is broken.

ETH/USD daily chart. Source: XForceGlobal

As Cointelegraph reported, a close above the $2,600-$2,700 region would confirm a trend change, paving the way for the ETH/USD pair to rally toward $3,000.

This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.

Merchant Payments Ecosystem Announces Winners of MPE Awards 2026

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Merchant Payments Ecosystem Announces Winners of MPE Awards 2026

Merchant Payments Ecosystem (MPE) announced the winners of the MPE Awards 2026, recognizing the companies and individuals driving innovation, leadership and measurable impact across the merchant payments value chain. Presented during the MPE Awards Gala in Berlin on March 18, the annual awards celebrated excellence across payment acceptance, orchestration, embedded finance, open banking, fraud and compliance, identity, settlement, merchant-led innovation and more. The central theme of this year’s awards was “Transformation through Trust & Resilience.”

“The MPE Awards 2026 winners demonstrate that the future of merchant payments will be shaped not just by innovation, but by trust, resilience and measurable value for merchants. We are proud to recognize the companies and leaders who are helping move the industry forward and setting new benchmarks across the ecosystem,” said Andy Ivanis, Partner at MPE 2026.

The winners of the MPE Awards 2026 are: 

  • Merchant Payment Acceptance of the Year — Checkout.com
  • Most Innovative Payment Solution — Prommt
  • Best Cross-Border Payment Solution — Thunes
  • Best Payment Orchestration Solution — APEXX Global
  • Best Embedded Finance / BaaS Solution — finmid
  • Best Platform / Marketplace Provider — Shopify
  • Best Open Banking / A2A Payments Solution — Token.io
  • Best Use of AI & Data for Commerce & Customer Empowerment — Shopify
  • Best Risk, Fraud & Compliance Solution — Elavon
  • Best Identity, Onboarding & Authentication Solution — ID-Pal
  • Best Local or Alternative Payment Method — Bumper Iberia
  • Best International Settlement & Liquidity Solution — Fireblocks
  • MPE Influencer of the Year — Christian Pirkner
  • Best Startup / Scaleup Innovation Award — Unetix
  • Chairman’s Award: Merchant Payments Initiative of the Year — Air Europa & Hands In

This year’s program also included several Highly Commended recognitions, underlining the quality and competitiveness of the 2026 awards. During the gala, the awards positioned winners not simply as successful entrants, but as the innovators, builders, protectors and visionaries shaping the next phase of merchant payments. 

The MPE Awards continue to spotlight the breadth of transformation taking place across the payments landscape, from merchant acceptance and fraud prevention to AI, open banking, embedded finance and international settlement. Together, the 2026 winners reflect a market focused on performance, trust, adaptability and long-term merchant success. 

To see the complete list of the MPE Awards winners and winners’ interviews, please visit www.merchantpaymentsecosystem.com/awards.

Kevin O’Leary says Wall Street’s tokenization boom is all talk without crypto rules

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Kevin O’Leary says Wall Street’s tokenization boom is all talk without crypto rules

Miami Beach, FL — Kevin O’Leary says Wall Street’s tokenization boom is mostly hype until Congress finally gives the crypto industry the rules it has been waiting for.

“Tokenization will never be adopted by institutional indexers, ever. Neither will bitcoin, which is still a fringe asset to the big guys,” O’Leary said at Consensus in Miami, arguing that large investors still see most digital assets as uninvestable without clear federal regulation.

Speaking at Consensus Miami 2026, the investor and “Shark Tank” personality argued that regulatory uncertainty is still preventing large financial firms from fully embracing blockchain-based assets.

He said the turning point will come only when the U.S. establishes a formal legal framework for digital assets. “It has to become compliant globally within the [Securities and Exchange Commission] with an actual passage of a bill,” he said. “When that occurs, it’s going to change everything.”

The comments come as Wall Street firms increasingly experiment with tokenization — the process of turning assets like stocks, bonds or funds into blockchain-based digital tokens that can trade continuously and settle instantly. Advocates argue the technology could modernize financial infrastructure by reducing settlement times and lowering costs.

But O’Leary said institutions still need legal certainty before committing significant capital.

He pointed to stablecoins as an example of how regulation can accelerate adoption. Referring to recent U.S. legislative efforts, O’Leary said stablecoins were adopted “almost immediately” once policymakers passed the GENIUS Act.

“Instead of wasting three days, we’re transacting in minutes at a fraction of the cost with full compliance and transparency,” he said, describing cross-border payments using stablecoins.

O’Leary also argued that institutional investors have sharply narrowed their focus within crypto markets. “97% of the entire value of the entire market is simply BTC and ether (ETH),” he said, adding that many smaller tokens have been “slaughtered.”

He described a growing divide between speculative crypto assets and blockchain infrastructure with real enterprise adoption.

The biggest long-term opportunity remains finding a blockchain platform that large corporations standardize around for applications such as logistics, contract management or inventory systems, according to O’Leary.

“You show me the adoption onto the platform that becomes a moat,” he said.

The investor also tied the future of blockchain and AI to infrastructure more broadly, arguing that energy and data centers may ultimately prove more valuable than the digital assets themselves.

“Power is more valuable than bitcoin,” O’Leary said.

The Future of Payments is Bespoke, Embedded, and Instant

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The Future of Payments is Bespoke, Embedded, and Instant

Colm Lyon from Fire provides an inside look at the strategic movements driving the business and the wider payments landscape.

Lyon begins by emphasising Fire’s core operating principle: recognising that every single customer requires a bespoke arrangement. While the underlying product may be consistent, the implementation must be tailored to the customer’s specific business model, whether they need one account or ten thousand. This commitment necessitates Fire being an API-first company, and the necessary support to ensure seamless, easy integration for clients, which Lyon considers vital for long-term customer success.

A key topic addressed by Fire is the transformative trend of account-to-account (A2A) payments, which allows businesses to receive funds directly from their customers’ bank accounts without needing to accept cards. Lyon explains that this push payment method is a major revolution because it offers attractive benefits for businesses, including lower costs, less fraud, and greater security compared to the traditional pull method of card payments.

In the UK and Ireland, Fire serves over 1,500 clients, including some of Europe’s largest financial institutions and Lyon shares two examples that demonstrate Fire’s value: aiding a large UK bank in expanding their services to include open banking payment acceptance for merchants; and helping a scaling organisation called Just Tip to compliantly and efficiently disburse hospitality staff gratuities on a regular, integrated basis. For both clients, Fire provides the underlying technology, collection, reconciliation, and settlement of funds as a regulated party.

Looking ahead, Lyon describes the payment landscape as evolving towards embedded payments, the ability to initiate a transaction directly within a third-party application, such as tipping an artist on Spotify, without ever opening a banking app. To stay at the forefront of this embedded payments shift, Lyon explains that Fire is focused on connecting deeply into payment schemes, such as SEPA Instant, which will allow their customers to pay and get paid in as little as 10 seconds across Europe.

Lyon concludes by outlining three major interconnected forces driving this transformation in the financial world:

  • Regulation: New rules are opening up access for non-bank firms to join payment schemes and enabling consumers and businesses to access their bank accounts outside of their primary bank with consent.
  • Technology: The pervasive presence of APIs and embedded access means payment functionality is being integrated directly into third-party applications, offering real-time data like seeing a bank balance on a Point of Sale (POS) device.
  • Instant Expectations: Both individuals and businesses now demand and expect instant payment and real-time confirmation.

The Biggest XRP Treasury Company Is Adopting A New Strategy, Here’s What It Is

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The Biggest XRP Treasury Company Is Adopting A New Strategy, Here’s What It Is

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

XRP treasury firm Evernorth’s CEO, Asheesh Birla, has explained how his company differs from other digital asset treasuries (DATs). He stated that they intend to actively generate yields for investors as soon as they list on the Nasdaq under the ticker ‘XRPN.’

Evernorth CEO Comments On How The XRP Treasury Company Stands Out

During an interview on the Paul Barron Network, Birla said that Evernorth is an easy way for institutions to get exposure to XRP and that they are an active digital asset treasury. He explained that when they finalize their public listing, they will generate yields, which is what their active treasury management system will focus on. 

It is worth noting that the XRP treasury company is currently among the stakeholders in the XRP community pushing for the XLS-66 amendment, which will enable an institutional lending protocol from which investors can earn yields. The Evernorth CEO also commented on potential products from his company that could be similar to Strategy’s Bitcoin-backed security, Stretch.

He opined that there would be several use cases for companies like Evernorth, Strategy, and other digital asset treasuries. Although he didn’t mention a particular product his company is working on, Birla noted that there is an “ocean of opportunities” to explore and move into. As for what makes his company the leading XRP treasury, he noted that there hadn’t been a breakaway success before they launched. 

Birla opined that the XRP ecosystem needs a company like Evernorth to bring traditional capital on-chain. He added that many institutions would never hold crypto, but they could get comfortable gaining XRP exposure through a stock like XRPN. The Evernorth CEO also expressed excitement about the on-chain products being built in the XRP ecosystem, especially as they relate to DeFi. 

Evernorth To List With Up To 473 Million XRP On Its Balance Sheet

The company’s latest SEC filing shows that it plans to launch with corporate XRP holdings of at least 473 million at closing. This includes 126.8 million XRP that Ripple contributed to the company as part of its primary backers. The XRP treasury revealed that it had also purchased 84.3 million XRP using $214 million in aggregate cash proceeds from a funding agreement. It purchased these tokens at an average price of $2.5 per XRP. 

Ahead of the public listing, Evernoth has also unveiled four directors who are expected to join the board once the business combination closes. These directors include Ripple’s Chief Legal Officer (CLO) Stuart Alderoty, OpenAI Foundation’s CFO Robert Kaiden, Ted Janus, and Antalpha COO Dr. Derar Islim. 

At the time of writing, the XRP price is trading at around $1.41, up in the last 24 hours, according to data from CoinMarketCap.

XRP
XRP trading at $1.43 on the 1D chart | Source: XRPUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

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Morgan Stanley Launches Crypto Trading for Retail Clients: Report

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Morgan Stanley Launches Crypto Trading for Retail Clients: Report

The $2 trillion financial services firm has rolled out cryptocurrency trading capabilities on its E*Trade retail brokerage platform.

Morgan Stanley has begun rolling out cryptocurrency trading on its E*Trade platform, expanding crypto access to its retail investor base, Bloomberg reported today, May 6. The $2 trillion asset manager’s move integrates digital asset trading directly into E*Trade’s existing infrastructure, allowing its 8.6 million customers on the platform to trade cryptocurrencies alongside traditional equities and bonds, per the report. The rollout, currently in pilot, marks a significant institutional push into mainstream crypto adoption.

E*Trade, acquired by Morgan Stanley in 2020, serves millions of retail investors in the United States. According to the report, Morgan Stanley is taking a similar competitive fee tactic as it did with the launch of its Bitcoin ETF recently, offering its crypto trading with lower fees than Coinbase, Robinhood and Schwab, which began rolling out spot BTC and ETH trading for retail clients in April.

Source: Bloomberg

This article was generated automatically by The Defiant’s AI news system from publicly available sources.

OpenTrade raises $17 million to connect stablecoins to real-world assets

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OpenTrade raises $17 million to connect stablecoins to real-world assets

Stablecoin infrastructure platform OpenTrade closed a $17 million funding round Wednesday led by Mercury Fund and Notion Capital, with participation from a16z Crypto, AlbionVC and CMCC Global, bringing its total funding to more than $30 million.

The London-based company said the funding will be used to expand its permissioned and permissionless infrastructure and support plans to grow its asset management and trading teams.

The raise follows earlier backing from a16z Crypto and comes as OpenTrade expands its offerings for fintechs, exchanges, wallets and institutional clients seeking stablecoin-based yield products.

The firm provides support and infrastructure that enables fintechs, exchanges and wallets to offer stablecoin yield products backed by real-world assets (RWAs). OpenTrade said it has total value locked greater than $200 million and claims it processed more than $250 million in transaction volume last year.

“OpenTrade has made it simple for fintechs and neobanks to plug institutional-grade stablecoin yield into their products,” said David Sutter, OpenTrade’s CEO and co-founder. “The platform is expanding to serve non-custodial platforms, treasuries and asset issuers seeking “a safe, scalable way to connect stablecoins to diversified yield strategies,” he added.

The stablecoin market has grown to more than $310 billion in supply, driving demand for infrastructure that connects digital assets to yield strategies across traditional and decentralized finance, the startup said.

UPDATE (May 6, 2026 at 14:00 UTC): Amends OpenTrade’s TVL to $200 million.

NYSE tokenization partners warn synthetic stock tokens could mislead retail traders

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NYSE tokenization partners warn synthetic stock tokens could mislead retail traders

Executives from Intercontinental Exchange (ICE), OKX and Securitize warned that synthetic tokenized stocks are creating market and retail risks, as ICE moves ahead with a regulated platform for tokenized U.S. equities.

Michael Blaugrund, who works on strategic initiatives at ICE, the owner of the New York Stock Exchange (NYSE), said during a panel at Consensus Miami that NYSE’s first version will start with pre-funded tokenized equities trading against stablecoins.

That model is “not the sexiest way” to build a market, Blaugrund said, but gives issuers, investors and regulators a structure they can evaluate before more complex features such as leverage or self-custody.

Carlos Domingo, founder and CEO of Securitize, said offshore tokenized stock products are taking the opposite approach. Some use public-company names without issuer approval and do not represent the underlying equity, he said.

“For some stocks there’s like five different tokenized versions,” Domingo said, citing Coinbase as an example. “None of them actually represent equity on Coinbase.”

The risk is clearest during corporate actions, Domingo said, as he saw one tokenized stock wrapper trade at prices that differed by five times across markets after a stock split.

Haider Rafique, OKX’s global managing partner officer, noted the exchange has not launched synthetic tokenized securities and does not plan to move before regulated supply is in place.

“We’re not selling a promissory note,” Rafique said. “We’re actually selling the underlying asset.”

The warning follows broader scrutiny of stock tokens and private-market exposure. OpenAI said last year that Robinhood’s OpenAI stock tokens did not represent OpenAI equity and were not approved by the company, while Robinhood later said the tokens were backed by a special purpose vehicle.

Domingo said the issue is regulatory arbitrage. Offshore issuers can create wrappers in permissive jurisdictions and claim they are not targeting the U.S. or Europe, he said. Permissionless tokens can still flow back into those markets.

The SEC has also sharpened its focus on the distinction between true tokenized ownership and synthetic exposure, saying issuer approval is required for true tokenized stock ownership.

Blaugrund compared the shift to tokenized securities with the move from floor trading to electronic markets.

“It’s now ‘when,’ not ‘if,’” Blaugrund said.

NYSE said in January it was developing a platform for 24/7 trading and onchain settlement of tokenized U.S.-listed stocks and ETFs, pending regulatory approval. The platform is expected to support fractional trading, immediate settlement and dollar-denominated orders.

ICE later struck a strategic partnership with OKX, giving the crypto exchange’s customers access to ICE futures and NYSE tokenized equities, also subject to approvals.

NYSE also tapped Securitize to help build the tokenized stock platform, with the firm acting as a digital transfer agent for issuer-backed tokenized securities.

Solana And Google Cloud Unveil Pay-Per-Request API

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Solana And Google Cloud Unveil Pay-Per-Request API

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Solana Foundation and Google Cloud have introduced Pay.sh, a Solana-based gateway designed to let AI agents discover, access and pay for APIs on a per-request basis using stablecoins. The launch positions Solana as payment infrastructure for agentic software workflows, with Google Cloud APIs including Gemini, BigQuery, Vertex AI, BigTable and Cloud Run among the first enterprise services supported.

The product addresses a bottleneck that has become more visible as AI agents move from passive assistants to autonomous software operators. Even when an agent can search, code, query data and execute tasks, access to premium APIs still typically requires a human to create accounts, manage billing, handle credentials and maintain subscriptions. Pay.sh attempts to collapse that process into a wallet-based payment flow.

“Agents can now instantly discover, access, and pay-per-request for any API autonomously, for the first time supporting APIs from Google Cloud including Gemini, BigQuery, Vertex AI, and more using stablecoins on Solana,” the Solana Foundation said in its announcement. “No accounts. No API keys. No subscriptions needed.”

Pay.sh begins with a Solana wallet connected to an AI interface, including Gemini, Claude Code, Codex, Openclaw and Hermes, according to the announcement. Developers can fund the wallet with a credit card or stablecoin, after which an agent can browse a unified marketplace of API endpoints, receive live pricing and pay directly from its balance.

The core design is simple: the payment functions as the credential. Rather than requiring every API provider to establish a direct billing relationship with each user or agent, Pay.sh acts as a gateway layer between agents and service providers.

The Foundation said Pay.sh runs as an API proxy built on Google Cloud Platform, sitting in front of Google Cloud services such as BigQuery, Gemini, Cloud Run and others. The user’s Solana wallet acts as the agent’s identity, while the gateway authorizes requests through verified endpoints and applies rate limits, quotas and access controls.

That distinction matters for enterprise APIs. The product is not framed as a way to bypass compliance or security controls, but as a mechanism for handling high-frequency, low-friction payments while still preserving provider-side access management.

Solana Powered-Stablecoin Settlement For Agent Commerce

Payments are processed in stablecoins on Solana and then reconciled with providers, with the announcement emphasizing settlement “in seconds.” Developers pay only for what they consume, while providers avoid manual billing overhead for small or irregular usage patterns.

Solana Foundation Chief Product Officer Vibhu Norby, who announced the launch on X, described Pay.sh as “our pay-as-you-go product for every API,” adding that the collaboration with Google brings micropayments to APIs including “Gemini, BigQuery, YouTube, and Maps.”

“For the first time, developers can access and pay on individual API calls without a billing account or KYC,” Vibhu wrote. “Pay.sh gives your terminal a wallet and financial superpowers with digital dollars on Solana at the root. We’re starting with GCP but you can access 75 other integrations through our open marketplace.”

The marketplace component is broader than Google Cloud. Solana Foundation said Pay.sh also includes more than 50 community API facilitators across ecommerce, market data, communications and onchain infrastructure. Named services include Rye, BigCommerce, Exa, Dune Analytics, Nansen, AgentMail, StablePhone, Helius, Alchemy, QuickNode, Allium and The Graph.

Pay.sh is built on x402 and MPP, which the Foundation described as machine-native payment protocols for agent-to-API commerce. The registry is open-source, and service providers can submit endpoints through GitHub or apply to become official Pay.sh API providers.

Launch partners powering community-sourced endpoints include PayAI, Crossmint, Merit Systems, Corbits, MoonPay, Sponge Wallet, ATXP and Tektonic Company.

For Solana, the launch gives stablecoin payments another concrete enterprise-facing use case beyond trading, remittances and consumer transfers.

At press time, SOL traded at $87.79.

Solana price chart
SOL remains below the 200-week EMA, 1-week chart | Source: SOLUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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