Dollar rails
The token is only half the answer. These are the places you actually hold, move, spend and swap on-chain dollars — compared on custody model, chains, supported stablecoins and where they work.
Crypto-friendly banks
32I need a bank or account that won't freeze my transfers when the counterparty is a crypto exchange, and ideally converts USD to USDC directly.
Self-custodial wallets
18I want to hold USDC/USDT myself instead of on an exchange, on the chains I actually use, without exposing myself to a single seed-phrase mistake.
Stablecoin cards
27I hold USDC/USDT and want to spend it directly instead of selling on an exchange and waiting for a bank transfer.
Exchanges
16I need to convert USD to stablecoins (or back) at scale, at par, with a venue that will still be there and still process my withdrawal.
DEXs
16I want to swap USDT to USDC (or into a yield-bearing dollar) on-chain, without giving up basis points to slippage or routing through a custodian.
Payments & payouts
12I need to pay people or get paid in stablecoins, with a fiat leg at one end and an audit trail at the other.
Institutional custody
12I need to hold and move institutional-size stablecoin balances with separation of duties, approval policies and an auditable record.