Although stablecoin adoption grew significantly by 2026, real payments still accounted for only a fraction of on-chain volume. Data from 2025 showed that roughly 3.6% of adjusted stablecoin volume came from actual payments, an issue often attributed to the checkout problem.
Using a stablecoin for purchases has traditionally involved navigating secondary screens, separate identity checks, and third-party checkout flows. To address these friction points, payments company Banxa launched a new product called Native on August 20.
Native provides wallets, exchanges, and fintech applications with a way to integrate fiat-to-crypto and crypto-to-fiat transactions directly inside their own user interfaces. Underneath the surface, Banxa manages the regulated infrastructure, handling price quotes, compliance validation, and settlement.
For example, a user purchasing USDC within a wallet can request a live price and trigger an Apple Pay sheet without being redirected to a separate Banxa webpage. Similar flows operate for cards and Google Pay, while bank transfers can be processed via API. Platforms that already verify customers can pass identity data to Banxa, allowing eligible returning users to bypass repeated Know Your Customer (KYC) checks.
"The user experience across crypto remains fragmented and unnecessarily complex," said Trust Wallet CEO Felix Fan. "Our goal is to simplify this and having Banxa onboard means users receive a seamless experience by embedding compliant fiat crypto access directly into the user journey."
However, the integration has boundaries. Banxa's documentation indicates that certain local payment methods—including PayPal, iDEAL, Klarna, and PIX—still require customers to use a hosted checkout for the payment step. Additionally, partners must maintain user accounts, a backend, and their own KYC processes, making the infrastructure suited for established platforms.
The regulatory framework underpins the service. OSL acquired Banxa in January as part of a broader push into stablecoin payments. Banxa reports having over 400 platform integrations, more than 10 million served users, and over $10 billion in cumulative processed volume, alongside a Dutch entity holding a MiCA licence covering 30 European Economic Area countries.
