MAJORITY Adds Stablecoin Remittances to Reach Latin America
MAJORITY, the Miami neobank built for migrants, has switched on stablecoin remittances to Latin America, letting eligible members in the United States send money to relatives any day of the week on USDC rails operated by zerohash. The service, which went live on 26 October 2026, lets a sender pay in US dollars while the recipient receives USDC, a dollar-backed stablecoin, inside their MAJORITY Global Wallet. Payments settle around the clock, including weekends and public holidays, when bank-dependent transfers typically stall.
For a company whose members send money home every week, the pitch is continuous availability rather than a new asset class. zerohash acts as the licensed provider handling the conversion and delivery of funds under money-transmitter licence NMLS #1699379, while MAJORITY supplies the app the two sides already use.
What exactly has MAJORITY launched?
The feature is a closed-loop transfer: a MAJORITY member in the US can send value to a family member in Latin America only if that recipient is also a MAJORITY member, and the money arrives as USDC in a MAJORITY Global Wallet rather than as local currency in a bank account. Circle issues the USDC that sits at the centre of the flow, and zerohash provides the regulated on-chain infrastructure that converts dollars to the stablecoin and delivers it.
That design removes the backend complexity from the member's view, but it also narrows the reach of the announcement. The release does not address the last mile, how a recipient converts USDC into spendable pesos, reais or quetzales, which is the step that determines whether a remittance is genuinely useful to a household rather than a balance in a wallet. Funds held while a transfer is processing are not covered by US deposit insurance, and the service is not available in every jurisdiction.
Why does the timing matter for cross-border payments?
Remittances are one of Latin America's largest and most reliable capital inflows. The Inter-American Development Bank put flows to Latin America and the Caribbean at more than $160bn in 2024, with industry estimates pointing to roughly $174bn in 2025 and a sixteenth consecutive year of growth. US residents alone accounted for about $142bn of money sent to the region in 2025.
The cost of moving that money remains the problem fintechs keep targeting. The World Bank measures the global average cost of sending $200 at around 6.4%, more than double the 3% target governments set under the Sustainable Development Goals. The US-to-Mexico corridor, the region's single busiest, averages close to 5% on a $200 transfer, according to World Bank data analysed by the Federal Reserve Bank of Dallas. Stablecoin rails compress that figure sharply: research cited across the industry puts US-Mexico stablecoin transfers below 1%, and a 2026 survey of 4,600 users across 15 countries found stablecoin transfers cost roughly 40% less than traditional channels while settling in seconds.
The regulatory backdrop has shifted in favour of this model inside the US. The GENIUS Act, signed into law in July 2025, created the first federal framework for payment stablecoins, setting reserve, disclosure and oversight requirements for issuers. That clarity is part of what has drawn consumer-facing players into dollar-denominated transfers.
How crowded is the stablecoin remittance market?
MAJORITY is a late entrant to a corridor that is already contested. dLocal and Félix Pago launched instant, stablecoin-funded WhatsApp remittances across Latin America in November 2025; Bitso runs USDC remittance rails through its business arm; and Mercado Pago has rolled out USDC support in Chile with Circle. Specialist wallets built around saving and sending dollars to family are multiplying across Colombia, Mexico and Brazil.
MAJORITY's differentiator is distribution rather than technology. Founded in 2019 and headquartered in Miami, the company has raised more than $90m from investors including Valar Ventures and Heartcore Capital, and it has spent six years building a base of migrant members through physical meetup locations, an account that opens without a Social Security number, and bundled calling and mobile top-up services. Embedding USDC transfers into that existing app lets MAJORITY offer stablecoin remittances to people who would not otherwise open a crypto product.
For zerohash, the deal extends a run of consumer and enterprise integrations. The infrastructure provider reached a $1bn valuation in February 2026, began powering stablecoin payout and prefunding for Visa Direct in August 2026, and operates regulated entities across 51 US jurisdictions alongside a footprint spanning the EU, Latin America, Bermuda, Australia and New Zealand. Its own figures show active stablecoin users across 106 countries in 2025, up from 70 the year before.
What are the open questions?
The closed-loop requirement is the sharpest constraint: both parties must hold MAJORITY accounts, which ties the product's usefulness to how deeply the app has penetrated specific receiving communities. Rivals have already solved that step: Félix Pago converts incoming dollars to USDC and then to local currency such as the Mexican peso, with cash pickup across dozens of banks and agent locations. Until MAJORITY's cash-out path is clear, its service competes more directly with wallet-to-wallet dollar transfers than with the cash-pickup networks most families in the region still rely on.
The regional regulatory picture is also uneven. While the US framework has firmed up, Brazil's central bank moved the other way, restricting the use of stablecoins in regulated cross-border payments from 1 October 2026 and reclassifying such flows as foreign-exchange operations. Any expansion of this corridor will have to navigate a patchwork in which the sending country and several receiving countries are writing stablecoin rules at different speeds and in different directions.
Why This Matters to FinanceX Readers
For finance professionals, the location of this adoption carries the real signal. Stablecoin remittances have largely been a business-to-business and crypto-native story until now; MAJORITY is pushing them into the hands of retail migrant users inside an app they already trust, using zerohash as the regulated layer that keeps the token invisible.
For investors tracking payments, the question is whether distribution beats infrastructure: the companies that own the end customer may capture more of the remittance economics than the rails underneath them. The near-term test is adoption in receiving markets and a credible cash-out path, because a transfer that ends as a wallet balance has solved speed without yet solving spendability.
