Crossmint Launches Stablecoin Onramp in Over 160 Countries

According to BlockchainReporter, Crossmint launched a stablecoin funding onramp on September 2 that the company states is available across more than 160 countries. The announcement indicates that fintech apps can enable users to fund wallets using Apple Pay, Google Pay, or payment cards directly within the app interface. The onramp can be embedded through components or connected via application programming interfaces.

Crossmint reported that risk-based identity checks are adjusted to market requirements. In the European Economic Area, the company's European entity is authorized as a crypto-asset service provider under MiCA and as a payment institution under PSD2, while operations elsewhere rely on authorized Crossmint entities or licensed local partners. Crossmint manages know-your-customer checks, sanctions, anti-money-laundering screening, wallet screening, Travel Rule duties, chargeback liability, and disputes for card transactions.

The new product extends Crossmint's stablecoin stack, which includes embedded wallets, orchestration, offramps, and card products. Crossmint noted that it serves enterprises and developers including MoneyGram, Wirex, and Tala. The availability of the service depends on local rules, licensed counterparties, and payment methods in each market, as the company did not disclose launch volumes or customer-conversion data.