Mesh Payments, the intelligent corporate spend and T&E platform, and Utila, the institutional-grade infrastructure platform for stablecoins and digital assets, today announced a partnership that brings stablecoin payments to both vendor payables and employee reimbursements. Built on Mesh's accounts payable module and Utila's wallet and payments infrastructure, the joint solution lets finance teams pay vendors and reimburse employees in stablecoins, or in local fiat, without leaving the approval, controls, and reconciliation workflows they run today.
Moving money across a business is still too slow and too expensive, and cross-border payments are the worst of it. Wires settle in days rather than minutes, cut-off times and weekends stall funds, correspondent banking fees are opaque, and finance teams are left reconciling payments they cannot see in flight. Stablecoins solve the movement problem with near-instant, around-the-clock, fully traceable settlement. Adopting them, though, has usually meant standing up custody, key management, treasury controls, and compliance tooling that most finance organizations have no appetite to build or operate.
This partnership removes that trade-off. Mesh customers keep their existing workflows, while Utila provides the underlying stablecoin rails: dedicated MPC wallets, programmable policy enforcement, and multi-chain settlement across major stablecoins. The stablecoin layer stays invisible to the end user. The payment simply clears faster.
"Stablecoins are becoming critical infrastructure to revolutionize how money moves: instant, around the clock, and across borders. With Utila, we bring that to pay vendors and employees, inside the same approvals and controls our customers already trust, not as a separate crypto experiment on the side," said Oded Zehavi, CEO and Co-Founder of Mesh Payments.
Beyond speed, stablecoin payouts answer a growing expectation from the workforce itself. A sophisticated, crypto-native generation of employees increasingly wants the option to be paid in digital assets, not as a gimmick but as an everyday choice. Offering reimbursements in stablecoin lets companies pair real financial innovation with a modern employee experience.
“Stablecoins have already proven themselves as a settlement rail. What has been missing is the distribution - getting them into the systems where corporate money actually moves,” said Bentzi Rabi, Co-Founder and CEO of Utila. “Mesh sits in the AP workflow of finance teams who move real volume. Putting our infrastructure behind their accounts payable product means those payments settle in minutes, with institutional-grade security and policy controls that CFOs and their auditors can stand behind.”
How the Joint Solution Works
Fund. The customer funds a dedicated stablecoin wallet, secured by Utila’s MPC infrastructure, and earmarks it for payables.
Approve. Invoices are captured, coded and routed through Mesh’s existing multi-approver AP workflow and spend policies.
Pay. On approval, Mesh orchestrates the payout and Utila executes settlement from the wallet — in stablecoin to the vendor’s wallet, or converted to local fiat where the vendor prefers it.
Reconcile. Every transaction returns to Mesh with on-chain confirmation and a full audit trail, and flows back into the customer’s ERP.
Why it matters
Speed. Payments that took days across borders settle in minutes, including outside banking hours.
Control. Approval limits, multi-party authorization and spend rules are enforced programmatically at the wallet, not just in policy documents.
Visibility. Finance teams see payment status and confirmation end to end, with an immutable settlement record.
No new infrastructure. No new custody stack, key management practice or crypto operations team is required on the customer side.
About Mesh
Mesh Payments is the AI-driven T&E platform for global organizations. By unifying corporate cards, expense management, and travel into one intelligent platform, Mesh gives finance teams real-time control and visibility over every dollar across the entire organization. Today, more than 1,500 companies rely on Mesh to power global spend, automate manual accounting tasks, and optimize finance workflows across 40+ countries.
About Utila
Utila is the leading stablecoin and digital asset infrastructure platform for fintechs and enterprises. Utila enables organizations of all sizes to securely build, manage, and scale digital asset operations across stablecoin payments, treasury, trading, tokenization, and beyond. The platform combines institutional-grade MPC wallets, granular policy controls, robust APIs, multi-chain support, payment and tokenization engine, and deep integrations with banking, compliance, exchanges, DeFi, and more. Trusted by 300+ industry leaders, Utila processes more than $25B in monthly volume and has secured over $200B in transactions to date.
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