Grey has expanded its business banking services with the introduction of USD corporate accounts, bulk payment capabilities, and USDC stablecoin support. The initiative is aimed at reducing foreign exchange costs and settlement delays for businesses operating internationally.
The company said the new features enable businesses to receive payments from global clients, manage high-volume cross-border transactions, and make payouts to more than 170 countries within minutes, all from a single platform.
Grey holds a Money Service Business licence from FINTRAC in Canada and FinCEN in the United States, with a primary focus on emerging markets.
International payments remain costly and slow for many firms in these regions. Data from the World Bank shows that global remittance transfers typically incur fees of six to seven per cent, while settlements can take several days due to intermediary banks and foreign exchange conversions.
Businesses also often face limited access to foreign currency accounts, unpredictable charges, and poor exchange-rate transparency, creating constraints that can affect cash flow and growth.
Grey says its USD banking features address these challenges by providing transparent pricing, faster settlement, and direct access to dollar-denominated accounts alongside stablecoin rails.
Co-founder and Chief Executive Idorenyin Obong said the initiative seeks to close gaps in global banking access for businesses in high-growth markets.
“Businesses may operate without borders today, but access to reliable global banking remains uneven, particularly for companies in high-growth markets. We are closing that gap and enabling businesses to move money faster, with greater transparency and control, wherever their clients or partners are based,” he said.
Co-founder and Chief Operating Officer Joseph Aghedo added, “When payments are delayed or costs are unpredictable, growth stalls. Grey eliminates those friction points, giving businesses a faster, simpler way to manage payroll, supplier payments, and partner payouts across borders. Adding USD and stablecoin capabilities makes these benefits accessible to even more customers.”
Founded in Africa in 2020, Grey operates in key markets including the United States, the United Kingdom, and Europe, and has recently expanded into Latin America and Southeast Asia.
The company’s broader product suite includes multi-currency accounts, virtual USD cards, expense management tools, and low-cost international transfers tailored for digital-first businesses and remote professionals.
