Grey expands commercial banking services, adds USD accounts and stablecoin support

Investing.com – Cross-border payment service provider Grey announced on Monday that it has expanded its commercial banking platform to include US dollar business accounts, bulk payments, and USDC stablecoin support.

This expansion allows businesses to receive international payments, manage cross-border transactions, and reduce costs associated with international banking operations. Through Grey, companies can open US dollar corporate accounts, manage payments from international clients, and make payments to over 170 countries, including bulk payments.

According to World Bank data, international remittances typically incur an average fee of 6-7% of the remittance amount, and settlement often takes several days. Companies in emerging markets face limited access to foreign currency accounts, unpredictable fees from financial intermediaries, and poor exchange rate transparency.

Grey addresses these issues by offering transparent pricing, faster settlement times, and access to US dollar business accounts supporting USDC.

Grey co-founder and CEO Idorenyin Obong said, “Today, business operations may have no borders, but access to reliable global banking services remains uneven, especially for companies in high-growth markets. We are bridging this gap, enabling businesses to transfer funds more quickly and providing greater transparency and control, no matter where their customers or partners are.”

Grey COO and co-founder Joseph Femi Aghedo added, “When payments are delayed or costs are unpredictable, growth stalls. Grey eliminates these friction points, offering businesses a faster, simpler way to manage cross-border payroll, vendor payments, and partner expenses. The addition of US dollar and stablecoin features allows more customers to enjoy these benefits.”

Grey was founded in Africa in 2020 and currently operates in the US, UK, and Europe, with recent expansions into Latin America and Southeast Asia.

Grey’s products include multi-currency accounts, low-cost international remittances, virtual USD cards, expense management tools, and security measures. The company holds money service business licenses issued by Canada’s FINTRAC and the US’s FinCEN.

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