Ramp Stablecoin Account overview
Overview
Beta. This feature is in Beta and is available to select US-based businesses. Contact your Account Manager to request access.
The Ramp Stablecoin Account is an account that lets your business hold and transact in stablecoins. It sits alongside the Ramp Checking Account and Investment Account within Banking, giving you a unified view of all your funds.
With the Stablecoin Account, you can deposit supported stablecoins such as USDC and USDT, convert between supported stablecoins and USD within Ramp, and use your Stablecoin Account balance to pay Ramp Card statements, bills, vendor payments, and reimbursements.
Eligibility
The Stablecoin Account is currently available to US-based businesses (except businesses in NY).
For multi-entity businesses, Stablecoin Accounts are only available to your primary entity.
If you are unsure whether your business qualifies, contact your Account Manager.
Getting started
Existing banking customers
If you already have a Banking account:
- Navigate to Banking .
- Click the New button and select Stablecoin Account from the dropdown.
- Complete the required steps to activate your custodial stablecoin wallet.
Once your account is active, it appears in the Banking dashboard alongside your other accounts.
Customers without banking access
If you don't yet have a Banking account, but wish to open a Stablecoin Account, you can navigate to the Stablecoin Account onboarding page here.
Depositing stablecoins
You can fund your Stablecoin Account with supported stablecoins, including USDC and USDT, or with USD.
Stablecoin deposits
The Stablecoin Account supports stablecoin deposits across multiple blockchain networks:
- Base
- Ethereum
- Polygon
- Arbitrum
- Optimism
- Solana
- Tempo
To deposit stablecoins:
- Go to Banking and select your Stablecoin Account.
- Click Account Details .
- Select the stablecoin you want to deposit and choose your preferred network.
- Use the wallet address provided to send the stablecoin from your external wallet.
Note: Make sure you are sending the correct stablecoin on the correct network to avoid lost funds. We are unable to recover funds in instances where the wrong asset is sent to the wallet address or where funds are sent to an incorrect wallet address.
USD fiat funding
You can also fund your Stablecoin Account with USD via ACH or wire transfer. The USD to stablecoin conversion will happen automatically.
Paying with stablecoins
You can use the stablecoin balance from your Stablecoin Account to make payments across Ramp, just as you would with your Ramp Checking Account.
Card statements
Pay your Ramp Card statement balance using stablecoins. To set this up, go to Banking > Linked Accounts > Payment Sources and select your Stablecoin Account under Card payments.
Bill Pay
Pay vendor bills through Bill Pay using stablecoins. To pay a bill in stablecoins, set the invoice currency to the stablecoin you want to use and select your Stablecoin Account as the funding source under Pay from account in the Payment details section.
Vendor payments
You can use your Stablecoin Account to send Vendor Payments in Ramp.
To send a payment:
- Go to Banking and open your Stablecoin Account.
- Click Move money .
- Select Send payment .
- Choose the vendor you want to pay.
- Enter the payment details and submit the payment.
Ramp uses your Stablecoin Account as the funding source for the payment.
Reimbursements
Fund employee reimbursements with stablecoins from your Stablecoin Account. To use stablecoins for reimbursements, you must set the Stablecoin Account as your default reimbursement payment source under Banking > Linked Accounts > Payment Sources.
Transfers between stablecoins and USD
You can move funds between your Stablecoin Account and your USD accounts within Ramp.
- Stablecoins to USD — Transfer Stablecoins from your Stablecoin Account to your Ramp Checking Account. Ramp will handle the conversion.
- USD to Stablecoins — Transfer USD from your Ramp Checking Account to your Stablecoin Account. Ramp will handle the conversion.
Transfers between Stablecoins and USD typically take ~1 business day to complete.
To initiate a transfer, go to Banking and use the Move money option to select your source and destination accounts.
How stablecoin rewards work
Rewards are promotional marketing incentives offered at a variable annualized rate on eligible stablecoin balances held in your Ramp Stablecoin Account. Rewards are not interest and do not constitute a return on funds held with Ramp. The Stablecoin Rewards Program is governed by our Rewards Terms.
Eligibility
To earn rewards in a given calendar month, you must meet both of the following requirements by the end of that month:
- Deposit requirement : Deposit at least $5,000 in eligible USD-denominated stablecoins into your Stablecoin Account during the month.
- Payment requirement : Complete at least five (5) qualifying payments during the month.
The $5,000 threshold is based on the total gross amount of inbound deposits during the calendar month, regardless of any subsequent withdrawals or outbound transfers. Eligible deposits include fiat-to-stablecoin conversions, stablecoin transfers, and internal transfers from supported sources. Once you have met the deposit threshold, withdrawals do not affect your eligibility.
Qualifying payments include Ramp Card statement payments, bills paid through Ramp Bill Pay, and Ramp reimbursements. Test or sandbox transactions, on-chain transfers, internal Ramp transfers, fiat-to-stablecoin conversions or vice versa, and transfers between your own wallets do not count as qualifying payments. There is no minimum payment amount. Eligibility is based on the date you initiate each payment.
How rewards are calculated
If you meet both eligibility requirements by the end of the month, you earn rewards at a variable annualized rate on your average daily balance of eligible USD-denominated stablecoins for that month.
Average daily balance is calculated using the balance recorded at the end of each day, as determined by Ramp. Eligible stablecoin balances are valued at $1.00 per unit unless Ramp determines otherwise. Rewards accrue hypothetically throughout the month but are only awarded if you satisfy both eligibility requirements by month-end. If you do not meet both requirements, no rewards are paid for that month.
When rewards are paid
Rewards for a given month are paid within the first five (5) business days of the following month.
- Account opened mid-month: Rewards accrue only for the days your account is open.
- Account closed or suspended mid-month: Rewards may be prorated or not awarded, as determined by Ramp.
Accounting
Stablecoin Account transactions sync to your connected ERP alongside your other Banking accounts.
What syncs
The following data from your Stablecoin Account syncs to your ERP:
- Account balance
- Pay-ins (deposits)
- Pay-outs (payments and transfers)
GL account mapping
You can map your stablecoin balances and transactions to the appropriate accounts in your chart of accounts.
To configure mapping, go to Accounting > Settings > Sync Settings > Banking.
Viewing statements
Monthly statements for your Stablecoin Account are available alongside your other Banking account statements at Banking > Documents.
Permissions and controls
The Stablecoin Account uses the same permission set as other Banking accounts. Users who have access to manage Banking can also manage the Stablecoin Account. For details on Banking permissions, see your role settings under Settings > Roles.
Frequently asked questions
What is USDC?
USDC is a dollar-pegged stablecoin, meaning each USDC token is backed 1:1 by US dollar reserves. It operates on blockchain networks and can be transferred quickly across supported chains.
What stablecoins does Ramp support?
The Stablecoin Account supports USDC and USDT.
Which blockchain networks are supported for stablecoin deposits?
You can deposit stablecoins on Base, Ethereum, Polygon, Arbitrum, Optimism, Solana, and Tempo.
Can I use the Stablecoin Account with multi-entity setups?
For multi-entity customers, the Stablecoin Account is only available for your primary entity. Any sub-entities are not yet able to open a Stablecoin Account.
What happens to my stablecoins while they're in my Stablecoin Account?
While at rest, your stablecoins are held as USDB, a stablecoin used by Ramp's infrastructure. When you make a payment or withdrawal, USDB is automatically converted to the asset you wish to pay with. This conversion is seamless and requires no action on your part. For more information on USDB, see the USDB FAQ here.
How are my funds custodied?
Your funds are held in a custodial segregated wallet. Ramp manages the wallet on your behalf through its infrastructure partners.
I don't see my Stablecoin Account as a payment source in Bill Pay. What should I do?
Confirm that you have set up the relevant cash account mapping for your Stablecoin Account under Accounting > Settings > Sync Settings > Banking, and that you have enabled the account as an eligible payment source in Bill Pay.
I'm unable to make reimbursements in stablecoins. What should I do?
You likely need to set up your Stablecoin Account as the default reimbursement payment source. Go to Banking > Linked Accounts > Payment Sources and select your Stablecoin Account under Reimbursement payments.
How do Stablecoin rewards work?
See How Stablecoin Rewards Work above for the current eligibility requirements, calculation method, and payout timing.
Are there any gas fees associated with stablecoin payments from my Stablecoin Account?
Ramp covers all gas fees for stablecoin payments made from your Stablecoin Account.
Where can I give feedback?
We would love to hear from you about your experience using the Stablecoin Account. Please email us any feedback you have at [email protected].