Californian neobank Slash is introducing a dollar account for businesses, uniquely powered by its own non-transferable stablecoin. The product aims to solve common cross-border B2B payment challenges by enabling faster, more efficient transactions.

This new offering integrates key features directly into the business account, including streamlined off-ramps to traditional financial systems and the ability for businesses to earn yield on their balances. The use of a non-transferable stablecoin suggests a focus on creating a closed-loop settlement rail, prioritizing utility and stability over speculative trading.

Slash's initiative reflects a broader industry trend where fintech companies are leveraging stablecoin architecture to build more efficient, real-world financial products. By embedding this technology into a core business banking account, Slash is betting on blockchain-based rails to offer a competitive alternative to legacy payment systems for its global clientele.