REPAY's Stablecoin Breakthrough
Repay Holdings Successfully Demonstrates Stablecoin Payments on Stellar Blockchain Network
REPAY Holdings (NASDAQ: RPAY) completed a proof of concept on June 18, 2026, for stablecoin payments using USD Coin (USDC) over the Stellar blockchain network, according to Business Wire. The company's stock jumped 29.25% to $4.11 on the news, which arrived the same day REPAY closed its $372 million acquisition of KUBRA Data Transfer Business Wire.
The test shows REPAY can process a real consumer payment using a stablecoin — a digital dollar pegged to the U.S. dollar — instead of a traditional bank transfer. The move puts the payment processor at the front of a fast-moving industry shift, as stablecoin monthly transaction volumes have topped $7.5 trillion, surpassing traditional bank transfers in some segments, according to Forbes.
How Stellar Stablecoins Beat Traditional Bank Transfers
REPAY chose the Stellar network for a clear reason: speed and cost. A transaction settles on Stellar in under six seconds. Traditional ACH bank transfers take one to three days. The average fee on Stellar is about $0.0007 per transaction, compared to the 1.5% to 3% that card networks typically charge, according to Markets Financial Content.
REPAY Chief Technology Officer David Guthrie said the results speak for themselves. "This proof of concept demonstrates REPAY's ability to integrate emerging payment technologies into our existing platform infrastructure," Guthrie said. "As consumer interest in digital assets continues to evolve, we believe offering stablecoin payment options will become an important differentiator for our clients," according to Business Wire.
KUBRA Deal Expands REPAY's Reach to 40% of Households
The stablecoin news did not arrive alone. On the same day, REPAY officially closed its acquisition of KUBRA Data Transfer for $372 million in cash. The deal, first announced March 30, 2026, gives REPAY access to over 40% of U.S. and Canadian households, according to Business Wire. To fund it, Silver Point Capital led a $500 million term loan just one day earlier.
CEO John Morris said the KUBRA deal positions REPAY "to lead the digital journey across the payment ecosystem." Pairing that consumer reach with a new blockchain settlement rail is a deliberate strategy. REPAY primarily serves auto loans, personal loans, mortgages, and healthcare — sectors still running on decades-old payment plumbing.
Federal Stablecoin Law Creates a Clearer Path Forward
REPAY's move comes at a turning point for U.S. regulation. In July 2025, Congress signed the GENIUS Act into law, creating the first federal framework for payment stablecoins. On the same day as REPAY's announcement, the Office of the Comptroller of the Currency proposed new reporting standards for stablecoin issuers under that law, according to Markets Financial Content.
U.S. Treasury Secretary Scott Bessent backed the regulatory push. "This proposal will protect the U.S. financial system from national security threats without hindering American companies' ability to forge ahead in the payment stablecoin ecosystem," Bessent said. Not everyone agrees. The Bank Policy Institute warns the GENIUS Act has "major cracks," particularly around what happens to consumers if a stablecoin issuer fails under market stress.
What This Means for Borrowers and REPAY's Rivals
For everyday consumers, the stakes are practical. A borrower making a car loan payment could eventually get instant credit to their account at any hour, seven days a week. Today, an ACH payment sent on a Friday night may not post until Monday, sometimes triggering a late fee. Stellar's near-instant settlement would eliminate that gap.
REPAY now competes in a space that Stripe, Visa, and Mastercard are also targeting, according to Forbes. The stablecoin market has a total value of $325 billion, with Circle's USDC — the coin REPAY used in its test — holding about $76 billion of that. Analysts say mid-market players like REPAY entering the space signals stablecoins are moving from crypto speculation to everyday payment infrastructure.
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