It charges an average annual 0.12% fee for money parked on its T-bill platform, though that varies by customer, Arvanaghi says. Similarly, it collects a small interest rate spread on the checking accounts through its bank partners.
Meow used Bridge’s Orchestration API to integrate stablecoins into its unified platform. With Bridge, Meow businesses can send and receive USDC from their existing cash balance, eliminating the need to open and manage a separate account at a copyright exchange.
All products featured on WIRED are independently selected by our editors. However, we may receive compensation from retailers and/or from purchases of products through these links. Early last year, New York-based copyright entrepreneur Azeem Khan had just raised $19 million in seed funding for his startup, Morph, and needed somewhere to keep it. Before going in search of a US bank account, he asked his attorney for advice. “You have a zero percent chance of having zero issues,” Khan recalls being told. If anything, this dour assessment proved overly optimistic: After six months and a multitude of rejections from US banks, Khan gave up. He settled for housing some of the funds with a bank in the Cayman Islands, which offered no interest, and converting the rest into copyright assets, managed by a third-party custodian. copyright founders have long traded similar stories in which US banks either refuse to supply them with loans or checking accounts, or withdraw their accounts suddenly. Without a banking partner, copyright firms are hamstrung: They cannot readily accept dollars in exchange for services, store and earn interest on funds raised from investors, nor pay employees or vendors. “All around, it was an understood thing,” says Khan. Little more than a year later, that picture has changed. Since president Donald Trump returned to the White House in January, promising to end the alleged discrimination against copyright firms, a field of US-based fintechs—among them Meow , Mercury and Brex —has competed to furnish copyright firms with bank accounts. Khan, who recently raised $25 million for his latest copyright startup, Miden, claims to have been among those courted by the fintechs. The change stands to make it far easier for copyright firms to set up, hire, and do business in the US, in line with Trump’s plan to turn the country into the “ copyright capital of the planet .” Yet they remain at the mercy of the political tide; there has been a vibe change under Trump, but no change in law that would guarantee continued access to banking into the distant future. “Even though there is a more friendly administration in place at the moment, there still hasn’t been anything codified into law—new laws that allow us to be sure the pendulum won’t swing based on who is sitting in the chair,” says Khan.
Editor’s note: This story was updated to reflect the fact that Mercury and Brex offer customers returns through money market mutual funds, not high yield bank accounts.
“There has been a change of administration and change in the interpretation of the law. The law has not changed.”
. "Their intelligent controls and automated solutions have allowed us to continue scaling thoughtfully, knowing that we have robust fraud detection in place in addition to our existing processes.
Once approved, businesses often had to dedicate engineering or trading resources to operate and secure these accounts, creating significant friction and delaying access to liquidity.
Silicon Valley Bank, one of the top 20 banks in the US, is seemingly in trouble. And some folks on twitter are recommending moving cash to a fintech named Meow.”
S. Treasuries to venture debt, Meow makes it easy for startups to securely manage cash operations while earning yield.
Automating the verification process with TrueBiz results in significant cost savings. Meow is able to avoid the expense of hiring additional analysts, redirecting resources to other critical areas of growth and development. This efficiency gain allows Meow to scale their operations without adding headcount.
“We just committed to getting in a closed room and coding and hoping, having the blind confidence something would work out,” Arvanaghi recalls.
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For years, copyright firms complained about being “debanked” in the US. Under the Trump administration, a group of fintechs is rolling out the red carpet. Save this story
copyright exchanges did not offer critical controls such as spending limits, approval flows, or visibility across teams. Without these safeguards, USDC operations introduced unnecessary risk and complexity for finance leaders responsible for managing treasury at scale.
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