Metroblox has introduced Ride USD, a stablecoin backed by USDC, designed for transportation payments. The company describes the new offering as a “low-cost, real-time” settlement system for transport-related payments. The new offering is positioned as a dollar-pegged instrument optimised for routine mobility spending. The new digital token, issued on the Solana blockchain, is backed 1:1 by USDC reserves.
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.
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.”
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