What did Reliant say about stablecoin adoption in US payments?

Reliant president David Simon said stablecoins account for less than 5% of transaction volume within regulated US payments infrastructure. Despite strong global growth, traditional fiat payments still dominate regulated financial systems.

Why is stablecoin adoption still low in regulated US payments?

According to Simon, most payment activity remains tied to traditional banking and fiat rails. While stablecoins are growing rapidly, regulated financial institutions are still in the early stages of integrating digital asset payment systems.

How much of Reliant's business currently involves stablecoins or digital assets?

Simon said more than 95% of Reliant's business remains fiat-based today. The company expects digital asset transactions to gradually increase as adoption expands among customers and partners.

What growth does Reliant expect for stablecoin-related payments?

Reliant expects its business mix to shift from roughly 95% fiat and 5% digital assets today to 90% fiat and 10% digital assets within a year. Within two years, the company hopes digital assets will account for around 20% of activity.

What is RAMFi and why is it important?

RAMFi is Reliant's payment infrastructure platform launched in October 2025. It was designed to support both fiat and digital asset transfers within a regulated framework, helping businesses move money across traditional and blockchain-based payment systems.

Why are stablecoins attracting attention despite low payment market share?

Stablecoins settle trillions of dollars annually across crypto networks and offer fast, low-cost transfers. Many companies see them as a way to improve payment efficiency, particularly in areas where traditional financial systems are slower or more expensive.

What stablecoin use cases did Reliant highlight?

Simon pointed to insurance claim payments, class action settlement distributions and cross-border real estate funding. These use cases often involve large transactions and complex payment corridors where stablecoins may offer operational advantages.

Why is profitability more important than transaction volume for payment providers?

Simon said the key question is not how much money moves through a network but how much revenue and profit each transaction generates. Stablecoin-related services can create revenue through transaction fees, conversion fees, custody services and other financial products.

Image for illustrative purposes only. Not a real photo.

Stablecoins remain under 5% of US payments

Written by Isaac FrancisPublished May 30, 2026, 2:32 AM

Stablecoins may settle trillions of dollars globally each year, but they still represent less than 5% of transaction volume within regulated US payments infrastructure, according to Reliant president David Simon.

Speaking on TheStreet Roundtable, Simon said more than 95% of Reliant’s business currently remains fiat-based despite the company’s recent expansion into digital asset payments through its RAMFi platform.

“Over 95% of our business still is fiat,”

Said David Simon, president of Reliant.

“I think in a year, we hope it's going to be 90-10. And then in two years, we hope it's 80-20.”

He added.

Reliant launched its RAMFi infrastructure platform in October 2025 to support both fiat and digital asset transfers under a regulated framework, with partners including BitGo, CoinX and Strategic Claims.

Simon said the key challenge for payment providers is not transaction volume but profitability, noting that revenue opportunities from stablecoins include transaction fees, conversion fees, custody services and related financial products.

He also pointed to insurance claim payouts, class action settlement distributions and cross-border real estate funding as practical use cases where stablecoins could gain traction by improving payment efficiency and reducing settlement friction.

Despite rapid growth in global stablecoin activity, Simon suggested mainstream adoption within regulated US financial infrastructure remains in its early stages, with the sector gradually expanding from niche crypto applications into broader commercial payment flows.