MiniPay Woos Freelancers with Stablecoin-Backed Virtual Dollar, Euro Accounts

A non-custodial stablecoin wallet provider has unveiled new payment features that are designed to appeal to freelancers around the world.

MiniPay now allows users to share virtual bank account details with their clients, enabling them to receive dollars and euros. Once paid, the cash is automatically converted into stablecoins like USDT and USDC.

From here, the funds in the wallet can be used to make everyday purchases—or cashed out to mobile money apps and old-fashioned bank accounts.

The enhanced functionality follows a new collaboration with Noah, with MiniPay making use of its infrastructure. Executives say they want to simplify international payments, which are often expensive and take days to settle.

"People want to get paid like a local—without the maze of cross-border fees and delays," MiniPay's head of commercial Murray Spark said in a statement shared with Decrypt.

Reaching global freelancers

The platform, built on Ethereum layer-2 blockchain Celo, pointed to figures that indicate demand for freelancers is growing rapidly—especially in emerging economies.

It cited research suggesting Africa's freelance tech sector could be worth $37.7 billion by 2034, compared with $7.3 billion last year. Meanwhile, India accounts for 26% of global online labor supply—and is home to about 15 million freelancers.

Noah CEO Shah Ramezani argued that "money shouldn't live on separate rails," adding that, "By powering real-time interoperability between bank networks and digital assets, this partnership with MiniPay removes that divide—making global payments feel instant, connected, and built for the modern economy."

MiniPay says virtual bank transfers will be free in most markets, and claims users won't be subject to "hidden fees." However, costs, deposit limits and cash-out methods will vary from market to market, with these new features set to be rolled out to users on a waitlist in the coming weeks.

MiniPay claims more than 10 million wallets in 60 countries have been activated since it launched in 2023, with accounts linked to phone numbers.