About Veem

Veem provides a compliant payment infrastructure for businesses and fintechs operating globally. Today, Veem supports payments across 100+ countries and multiple currencies, serving more than 1.1 million users worldwide with competitive FX rates and reliable cross-border execution.

 

 

Glossary of Key Terms
Payer
The individual or business initiating and sending funds through the Veem platform.

Beneficiary (Payee)
The individual or business designated to receive funds.

Partner
An organization integrating Veem’s infrastructure into its platform to enable payment capabilities for its end users.

On-Ramp
The process of converting fiat currency into stablecoins (e.g., USDC or USDT) to fund payments or wallet balances.

Off-Ramp
The process of converting stablecoins into fiat currency for payout through traditional financial rails, such as bank accounts or card networks.

 
 

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Overview

Veem is extending its payment infrastructure to support on-chain stablecoin settlement, beginning with USDC and USDT. The capability enables payers and beneficiaries to fund, send, and receive payments in both fiat and stablecoins – through the same platform, compliance framework, and audit infrastructure already in place.

 
 
Why Stablecoin Settlement
Traditional payment rails carry structural limitations like multi-day settlement windows, correspondent banking dependencies, and limited programmability that stablecoin rails are designed to address.

USDC and USDT settle on-chain in minutes, reach any wallet address globally, and support programmable money movement without the overhead of legacy clearing networks. For cross-border payments, especially, stablecoin is a better rail that costs a fraction of what correspondent banking charges.

Key advantages

  • Speed: Settles in minutes, 24/7 including weekends and holidays.
  • Global reach: Any wallet on a supported chain, no correspondent bank needed.
  • Lower cost: Flat network fees instead of wire fees and FX spread.
  • Audit trail: Every transaction is on-chain and immediately verifiable.

 
 

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Stablecoin Wallet Issuance

Veem offers stablecoins wallets in USDT and USDC. These wallets support receipt and holding of USDT and USDC, subject to country eligibility in the coverage matrix.

 
 
How It Works
A Stablecoin Wallet is issued to the account holder after onboarding and eligibility checks are completed. Once issued, the wallet can receive supported stablecoins directly on supported blockchain rails. Funds received into the wallet are credited to the customer’s stablecoin balance and can then be held, transferred, or off-ramped through supported disbursement options. Each issued wallet includes chain-specific deposit addresses that partners can surface in-product for collections and disbursement.

 
 
Use Case
Veem’s Stablecoin Wallet is best suited for customers who want to receive, hold, and move funds using stablecoins.

Typical use cases include:

  • Wallet-based collections
  • Cross-border treasury movement
  • Stablecoin-native disbursement flows

 
 
Eligibility
Individuals (Consumers): Users who identify as consumers, where enabled by the partner program and KYC requirements.

Businesses & Sole Proprietorships: Users who identify as business entities and sole proprietors, subject to KYB verification.

 
 
Supported Stablecoins
USDT and USDC.

 
 
Coverage & Availability
Veem can issue Stablecoin Wallets for account holders in 90+ countries. Stablecoin Wallets can be issued in Veem-supported countries mentioned in the coverage matrix. Eligibility (Consumer, Sole Prop, Business) is determined by the account holder’s country and should always be validated against the Country Coverage Matrix before onboarding.

 

 

For a detailed list of supported countries and capabilities, please refer to Veem’s Country Coverage document.

 
 
Wallet Address
Each wallet comes with a unique wallet address that can be used to send or receive fund Veem provisions and a unique wallet address for on-chain deposits that can be used by the customers to transact. The address is chain-specific and must be displayed together with the selected network to avoid mis-sends.

 
 
QR Code
Partners can render the issued deposit address as a QR code (e.g., chain URI formats where supported) to simplify funding. The QR should encode both the address and the network context when supported by the wallet app.

 
 
Compliance
Veem manages KYC and KYB verification for stablecoin disbursements. Partners are responsible for collecting and submitting the required customer and business information to support onboarding and ongoing compliance.

Full data requirements are available in the Stablecoin KYC/KYB Data Collection document.

 
 

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Stablecoin Collections

How On-Ramp Collections Work
Customers fund in fiat using local collection rails such as VBAs, wire transfers, or card-based funding, where supported. Veem then converts, or swaps, the incoming fiat into USDC or USDT, creating a stablecoin balance without exposing the customer to unnecessary FX or crypto volatility during collection. This on-ramp flow combines familiar payment acceptance methods with faster blockchain-based value movement. It is best suited for customers who want to collect in fiat and settle into stablecoins.

 

 

Each Stablecoin Wallet comes with a unique address for collections and disbursements. Account holders can share the wallet address with their customers to collect payments globally.

 
 
Use Cases
Virtual Bank Account Collections: A U.S. software company invoices a customer in Germany. The German customer pays via SEPA IBAN into
the company’s Veem EUR stablecoin virtual account. Funds arrive within minutes – no SWIFT fees, no FX spread. The US software company can receive funds in USD, or in stablecoins.

Stablecoin Wallet Collections: A Japanese marketplace merchant invoices an African buyer for $50,000. The buyer sends USDC to a Veem-generated deposit address. Veem detects on-chain settlement, credits the marketplace USDC Wallet, and auto-closes the invoice – all within minutes. The merchants on the Japanese market place can get settled in JPY or USD.

 
 
Supported Stablecoins
Veem supports the following stablecoins:

  • USDC
  • USDT

 
 
Supported Chains
Stablecoin transactions are supported across the following blockchain networks:

  • Ethereum
  • Base
  • Solana
  • Tron
  • HyperEVM

Additional EVM-compatible chains can be supported with minimal integration effort.

 
 
Swapping
Veem supports swapping in both directions between fiat and stablecoins, enabling partners to facilitate flexible funding and payout experiences for their end users:

  • On-ramp: Convert fiat into stablecoins (e.g., USDC, USDT) to fund wallets or initiate payments
  • Off-ramp: Convert stablecoins into fiat for payout to beneficiaries via supported local rails

Partners can enable either flow independently or combine both within a single payment experience, depending on their use case.

 
 
Wallet Setup
USDC and USDT wallets are provisioned programmatically via the Veem API, enabling partners to create and manage wallets for their beneficiaries as part of their integration.

This includes support for wallet creation, balance management, and transaction visibility within the partner experience. Veem handles the
underlying infrastructure, allowing partners to focus on user experience and payment flows.

Additional details on API capabilities and integration are covered later in this document.

 
 
Collection Coverage
Stablecoin collections are supported in any market where Veem enables local collections. For a detailed list of supported countries and capabilities, please refer to Veem’s Country Coverage document.

 
 
Supported Funding Methods

Bank Transfers:

  • ACH and domestic wires (USD)
  • SEPA (EUR)
  • Faster Payments (GBP)
  • SPEI (MXN)
  • PIX (BRL)

 
International Wires:

  •  SWIFT

 
Cards:

  • Debit Card (Visa and Mastercard)
  • Credit Card (Visa and Mastercard)

 
 
Compliance
Veem manages KYC and KYB verification for stablecoin disbursements. Partners are responsible for collecting and submitting the required customer and business information to support onboarding and ongoing compliance.

Full data requirements are available in the Stablecoin KYC/KYB Data Collection document.

 
 

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Stablecoin Disbursements

How Off-Ramp Disbursements Work
Customers initiate disbursements from a USDC or USDT balance and Veem manages the swap out into fiat where local disbursements are required. Funds can then be sent through supported disbursement corridors to the beneficiary’s bank account or local rail. This off-ramp model allows customers to use stablecoins as the settlement layer while still delivering fiat to end recipients. It is ideal for treasury, supplier payments, and cross-border disbursements where recipients prefer traditional
bank settlement.

For customers paying a beneficiary in fiat, Veem converts the stablecoin balance and routes it through the most cost-effective corridor. No manual conversion needed.

 

 

Each Stablecoin Wallet comes with a unique address for collections and disbursements. Account holders can share the wallet address with their customers to collect payments globally.

 
 
Use Case
A payroll platform pays 50 remote contractors across 20 countries. Contractors with a crypto wallet receive USDC directly in minutes. Contractors who prefer their bank account receive the equivalent in fiat via ACH, SEPA, or the applicable local rail – all from the same Veem API call.

 
 
Supported Stablecoins
Veem supports the following stablecoins:

  • USDC
  • USDT

 
 
Supported Off-Ramps
Off-ramping refers to the conversion of stablecoins into fiat currency for delivery through traditional financial rails. This allows funds held in USDC
or USDT to be received in local currency via bank accounts, card networks, or other supported disbursement methods.

Veem supports two off-ramp models depending on how funds are delivered:

 
Partner-Led Off-Ramps
Veem manages the conversion and disbursement on behalf of the customer, routing funds through supported corridors to reach the beneficiary in their preferred format.

This includes:

  • Local bank account deposits (ACH, SEPA, and other local rails)
  • Push-to-card disbursements where supported
  • Direct delivery to Stablecoin Wallets

This model is ideal for platforms and businesses managing disbursements to third parties, where recipients may have different settlement preferences.

 
Self Off-Ramps
Customers can also withdraw funds from their own stablecoin balance into their linked bank account. In this case, the transaction is treated as a wallet-to-bank withdrawal, with Veem handling the conversion and transfer into fiat.

 
 
Supported Chains
Stablecoin transactions are supported across the following blockchain networks:

  • Ethereum
  • Base
  • Solana
  • Tempo
  • HyperEVM

Additional EVM-compatible chains can be supported with minimal integration effort.

 
 
Swapping
Veem supports swapping in both directions between fiat and stablecoins, enabling partners to facilitate flexible funding and payout experiences for their end users:

  • On-ramp: Convert fiat into stablecoins (e.g., USDC, USDT) to fund wallets or initiate payments
  • Off-ramp: Convert stablecoins into fiat for payout to beneficiaries via supported local rails

Partners can enable either flow independently or combine both within a single payment experience, depending on their use case.

 
 
Disbursement Coverage
Disbursements are supported in over 110 countries and 80+ currencies. Please refer to Veem’s Country Coverage document for more details.

 
 
Supported Disbursement Rails
Veem supports multiple disbursement methods across global payout rails, enabling partners to deliver funds in the format preferred by beneficiaries:

 
Bank Transfers:

  • ACH and domestic wires (USD)
  • Local bank transfers (market-dependent)
  • Faster Payments (GBP)
  • SPEI (MXN)
  • PIX (BRL)

 
International Wires:

  •  SWIFT

 
Cards:

  • Push-to-card (Visa and Mastercard)
  • Virtual prepaid cards (where supported)

 
 
Compliance
Veem manages KYC and KYB verification for stablecoin disbursements. Partners are responsible for collecting and submitting the required customer and business information to support onboarding and ongoing compliance.

Full data requirements are available in the Stablecoin KYC/KYB Data Collection document.

 
 

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API Integration

Stablecoin capabilities are available through API gateway (gateway-domain): public-facing REST API for partner integrations. The provider integration uses REST APIs with secure credentials and adheres to the provider’s protocol specifications, namespace conventions, and event webhook schema.

 
 
Developer Resources
Full API Documentation
Access endpoints, authentication requirements, request/response formats, and implementation guides: developer.veem.com/docs/intro-to-veem-api

Sandbox Documentation
Partners can access Veem’s sandbox environment to test API calls, simulate transactions, and validate workflows prior to production deployment. Sandbox access and credentials can be requested through the Developer Dashboard: developer.veem.com/page/dev-dashboard-sandbox

 
 
GTM Process
Before partners go-to-market (GTM), we’ll walk through a full QA sign-off together – covering onboarding flow, account funding, and the first fiat-to- stablecoin transfer in a safe test environment. No surprises on launch day.

 
 

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Summary

Veem enables a full stablecoin payments journey across both collection and disbursement flows. Customers can “on-ramp” from fiat into USDC/USDT, hold or move stablecoins over blockchain rails, and “off-ramp” back into fiat at the point of disbursement. This creates a flexible end-to-end experience that combines local payment acceptance, on-chain settlement, and global disbursement in a single flow. The result is a simpler cross-border payments model with better speed, transparency, and settlement flexibility.

 

 

Ready to get started? Talk to our Veem Sales team. Let’s set up your sandbox credentials and kick off the integration.

 
 

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