The Future of Off-Ramp Is No Off-Ramp

Stablecoins don’t need better exits—they need richer on-chain lives.

Stablecoins have sprinted from a niche experiment to a global settlement layer. In 2024, they processed $27.6 trillion—already more than Visa and Mastercard combined weforum.org. USDC alone has a circulation of $61 billion as of June 2025 and continues to grow, according to Circle.com. This rapid expansion reflects increasing global acceptance, driven by the need for stable, low-volatility digital currencies, particularly in emerging markets with currency instability.

Yet, despite this growth, the process of converting stablecoins back into fiat—known as "offramping"—remains cumbersome, especially in regions like Africa, Southeast Asia, and Latin America. These regions often face challenges like banking restrictions, lengthy processing times, and high transaction fees, complicating the real-world usability of stablecoins.

Why off-ramping still hurts

In Lagos, Manila, or Buenos Aires, cashing out often means P2P desk hunts, lopsided FX rates, and settlement delays that erase 24-hour blockchain speed. Meanwhile, the rails for everyday spending are already in nearly every pocket:

Put differently, the rails for spending digital dollars already exist in users’ hands. What’s missing is a seamless bridge between blockchain balances and those everyday rails.

Momentum from payment giants

• Visa expanded USDC settlement to Solana in 2023, running live pilots with Worldpay & Nuvei and “moving millions” in USDC to clear fiat merchant flows (usa.visa.com).

• Rain (card-issuing platform) joined Visa’s 2025 pilot for stablecoin settlement, proving the model at scale (pymnts.com).

• Mastercard Crypto Credential launched in 2024, letting wallets send/receive crypto by verified aliases and paving the way for direct card-to-wallet commerce (mastercard.com).

When the incumbents rebuild their core plumbing around stablecoins, the writing is on the wall: cash-out desks are yesterday’s bottleneck.

Regulatory clarity arrives

Across jurisdictions, regulators are publishing playbooks instead of warnings:

• United States – GENIUS Act (2025): defines “payment stablecoin,” mandates 1:1 reserve backing, prioritized redemption rights in bankruptcy, and explicit disclosures (e.g., no FDIC guarantee) (chainalysis.comabcnews.go.com)

• European Union – MiCA (mid-2024): licenses stablecoin issuers and requires full-reserve, audited transparency across the bloc (treasurup.com)

• Other hubs (Singapore, Hong Kong, UK) rolled out licensing regimes in 2023-24 to attract compliant issuers while protecting consumers (treasurup.com)

Emerging-market supervisors are moving just as fast:

• Nigeria (2025) – the Africa Stablecoin Consortium and Wrapped CBDC debuted cNGN, the first naira-pegged, fully regulated stablecoin, backed 1-to-1 in local banks and cleared for public use (spglobal.com)

• Philippines (2025) – Bangko Sentral ng Pilipinas let Coins.PH’s PHPC peso stablecoin graduates from its regulatory sandbox, green-lighting production-scale remittances and e-commerce (ledgerinsights.com)

• Kenya (2025 draft bill) – the government pledged a comprehensive virtual-asset law that will set licensing, consumer-protection, and crisis-management rules for exchanges and stablecoin issuers (spencer-west.com)

• Brazil (2024-25) – the central-bank governor confirmed that a dedicated stablecoin framework will arrive in 2025 alongside the country’s asset-tokenization push (reuters.com)

• South Africa (2024 circular) – The Reserve Bank signalled that forthcoming exchange-control updates will explicitly classify stablecoins as a distinct crypto-asset type subject to prudential oversight (resbank.co.za)

This clarity lowers institutional risk and unlocks direct partnerships—such as Hurupay’s integration with Circle Treasury—to keep innovation onshore and transparent.

Hurupay × USDC: the bridge that disappears

Hurupay solves the last-mile gap by issuing USDC-backed USD virtual accounts. Incoming funds settle natively on-chain, while the account number lives on traditional ACH/FedNow rails—so freelancers or businesses can (a) receive dollars from U.S. payers and (b) hold or convert instantly inside Hurupay: no slow ACH pull, no hidden FX markup.

How exactly are we doing it?

First, a user signs up on Hurupay and completes KYC. Upon review and approval (which takes less than 1 min), we issue the user a US virtual account + routing number. They can use these details to accept payroll (from Upwork, Fiverr, Payoneer, Deel, Remote, etc.) or USD transfers (from US banks, PayPal, Wise, etc). Once USD hits this virtual account, funds are immediately converted into USDC stablecoins and credited into their Hurupay wallet. They can then withdraw to local currency instantly for general spending or store balances in USD-equivalent assets (USDC).

Put into perspective:

An Indonesian freelancer invoices a U.S. client; the ACH deposit lands and instantly mints USDC in the Hurupay wallet. No slow pull, no hidden FX.

Because balances remain in USDC under the hood, we can program new primitives—yield, card spend, equity access—without swapping rails, and this gets us to what we think the future of crypto offramp is.

Beyond payments: the rise of the stablecoin super-app

Hurupay’s roadmap layers additional primitives on the same USDC core:

• Stablecoin-based virtual card - spend your USDC balance on online purchases and subscriptions.

• Yield – deposit portions of a balance into Morpho-powered lending markets or Lulo vaults to earn on-chain interest

• Tokenized equities – buy fractional U.S. stocks via Dinari without leaving the wallet

• Instant payroll – batch pay remote teams in USDC, settled to each teammate’s USD account—already live with early pilot customers

When the wallet itself offers spending, investing, and saving, the user’s question shifts from “How do I off-ramp?” to “Why would I?” And this right here is how we solve the global offramping issue.

Tap-to-pay kills the off-ramp

Visa and Mastercard’s new stablecoin-settlement rails let a Hurupay balance sit behind a physical or virtual card that users can tap anywhere. Because card acceptance is already robust—even in emerging markets—the transaction authorizes in USDC under the hood, collapsing the off-ramp into a single point-of-sale swipe. Crypto holders no longer need to visit an exchange, convert to local currency, or wait for bank settlement; they simply spend their wallet balance on the existing card network, and the stablecoin never leaves the chain.

A day without off-ramps

9 AM — Indonesian virtual assistant invoices in USD, client pays via ACH.

10 AM — USDC hits Hurupay wallet.

11 AM — Taps Hurupay Visa for coffee.

Noon — Allocates 25% of the payroll to a yield vault.

Evening — Buys $50 of tokenized Tesla stock.

At no step did money detour through a fiat bank.