Metroblox has introduced Ride USD, a stablecoin backed by USDC, designed for transportation payments.

The company terms the new offering as a “low-cost, real-time” settlement system for transport-related payments.

The new digital token, issued on the Solana blockchain, is backed 1:1 by USDC reserves.

It is positioned as a dollar-pegged instrument optimised for routine mobility spending.

According to Metroblox, transport operators can use Ride USD to lower processing expenses, while continuing to use their existing hardware, access control systems and point-of-sale devices.

Ride USD will serve as the transactional layer for the Ride Ecosystem, which Metroblox presents as a financial operating system for the transport sector.

The platform is designed to enable instant settlement of revenues between different operators and to support mobility programmes, subsidy schemes and multi-modal transport offerings at scale.

Metroblox pointed to the broader expansion of stablecoins, describing them as a core building block in digital finance.

The company cited global stablecoin transaction flows surpassing $30tn in 2025.

However, it noted that most everyday consumer expenditures, including transport, have not yet seen benefits.

The firm said Ride USD is intended to address this gap, while fitting “seamlessly” into existing user journeys and infrastructure.

Metroblox also referenced recent legislative developments in the US, including the GENIUS Act, which it said define standards for reserve backing, custody and supervision of stablecoins.

This, the company said, offers a compliant structure for the use of digital dollars such as Ride USD in consumer, enterprise and public-sector transport systems.

The company added that this regulatory framework is intended to give operators, public agencies and commercial partners greater confidence in adopting stablecoin-based settlement for day-to-day transport payments.

Metroblox founder and CEO Josh Squire said: "Transportation payments are typically small, high-frequency transactions, which makes traditional merchant fees disproportionately expensive.

"By using Solana’s high-speed, low-cost settlement, Ride USD makes it possible to process everyday mobility payments at a fraction of the cost - while settling instantly and transparently."

"Metroblox unveils USDC-backed stablecoin for transport payments" was originally created and published by Electronic Payments International, a GlobalData owned brand.

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