Which banks in the US offer a stablecoin off-ramp and Web3 business accounts?
Every bank that passes this test also appears on Crypto-friendly banks in the US with a stablecoin off-ramp, and the list is identical. That page carries the full write-up and is the one search engines are pointed to. The table below is the same set.
Not really. Custodia is a chartered Wyoming bank, but today it sells blockchain infrastructure to other banks and publishes no customer account, no fiat rail and no exchange transfer service.
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Bank by bank
Anchorage Digital12 of 16 · stablecoin off-ramp: yes · Web3 business accounts: yes Allowed: Minting, redeeming and exchanging eligible stablecoins for USD or other digital assets (USDtb, PYUSD, USDe named) Watch out: No retail accounts. Services go to institutions and, in limited circumstances, certain high net worth individuals
Cross River Bank8 of 16 · stablecoin off-ramp: partial · Web3 business accounts: yes Allowed: USDC minting and redemption for Circle since March 2023 Watch out: Stablecoin accounts are for platforms, fintechs and businesses, not for individuals, and are only available in limited states
Custodia Bank3 of 16 · stablecoin off-ramp: partial · Web3 business accounts: partial Allowed: Bitcoin custody in segregated accounts was built for fiduciaries, advisers, fund managers and corporate treasurers, and the bank says it has kept the platform while operations are reduced Watch out: No deposit account, payments product or fee schedule is published for businesses or individuals. The site footer says some services are not currently available