cryptonews.net
Metroblox, a mobility payments infrastructure provider, has launched Ride USD, a USDC-backed stablecoin designed for real-time settlement in transportation payments. The company aims to bring stablecoin efficiency to high-frequency, low-margin transactions common across public and private mobility services.
Ride USD is built on the Solana blockchain and fully backed 1:1 by USDC reserves. The token is designed to enable instant settlement with low fees while integrating into existing fare systems, access controls, and point-of-sale infrastructure.
Ride USD serves as the settlement layer of the Ride Ecosystem, a financial operating system for transportation. The platform supports real-time revenue distribution across operators and can be used for subsidies, mobility programs, and multi-modal transport offerings at scale.
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