“Can a single API orchestrate USD accounts, fiat rails, and stablecoins across emerging markets to replace correspondent banking?”
Conduit was founded in 2021 as B2B cross-border payments infrastructure with a stablecoin orchestration angle — fiat-to-stablecoin conversion, virtual USD accounts, and multi-rail payouts across LatAm, Africa, and Asia. The company positions itself as a 'sponsored bank model' aggregator, routing across 8 US banking partners plus stablecoin rails. Its 2025 Series A doubled down on this thesis: stablecoins as the connective layer between fragmented traditional payment systems.