Lead Bank Launches USDC Cross-Border Payout Platform Covering 44 Countries

TL;DR Lead Bank launched a cross-border payment service that uses USDC to send funds to bank accounts in 44 countries. The platform allows businesses to convert dollars into USDC and make payments in local currencies, without requiring recipients to handle cryptocurrencies. The bank does not disclose exchange rates before transfers are executed and warns that returned payments may differ in value due to currency conversions. Lead Bank launched a USDC -based cross-border payment platform that allows its partners to send money to bank accounts in 44 countries. The service converts dollars into stablecoins , transfers the funds over blockchain networks, and delivers payments to recipients in their local currencies. The US bank, headquartered in Kansas City, provides this infrastructure to financial companies through application programming interfaces (APIs).

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