A million dollar-account settlements

1,001,311

Settlements, lifetime

crossed 1M on 19 Oct

$376.0M

Virtual-account volume

Bridge-attributed, since 2023

$225.8M

2026 so far

already past all of 2025 ($149.2M)

~$375

Average settlement

small, frequent dollar payouts

A virtual account is the dollar account a cross-border neobank gives a user so a client abroad can pay them. The money arrives as stablecoin, settles onchain, and the user sees a USD balance. It is a different rail from the deposit addresses we normally measure for a venue, and we measure it separately — the share we can attribute to Bridge, the issuing partner behind these accounts.

Yesterday that rail passed a round number. Across the five neobanks we track on it, Bridge-attributed settlements crossed 1,000,000 on 19 October — 1,001,311 in all, carrying $376.0M into dollar accounts since the first one in October 2023.

The curve is young, and steepening

For most of 2024 this was a trickle: the rail did not pass its first 10,000 settlements until late that year. Then it turned. 2026 alone has already moved $225.8M across 540,734 settlements — more than all of 2025 ($149.2M, 440,287), with two and a half months of the year still to run. Monthly volume climbed from $13.5M in January to around $29M through the third quarter; August set the settlement record at 78,080 in a single month.

One neobank carries most of it

The million is not evenly spread. Grey Finance alone is 766,418 settlements — 77% of the count — and $314.6M, or 84% of the dollars. Raenest ($39.1M) and Chipper ($10.1M) follow, with Onboard and Accrue smaller and steadier. Chipper is the opposite shape to Grey: 112,223 settlements for $10.1M, an average near $90 — micro-payouts — against a rail-wide average of about $375. These are salaries, invoices and remittances landing in dollars, not treasury movement.

What this figure is, and is not

This is the virtual-account settlement we can attribute to Bridge. It is a floor, not a ceiling.

A neobank can run virtual accounts through more than one issuing partner, and can settle some of the same product in fiat, through correspondent banks or local rails that leave no onchain record. None of that is in this number, and we make no claim about how much of it exists. What we can say is that the flow attributed to this one rail, across these five neobanks, crossed a million settlements yesterday — and that 2026 has already outrun the whole of last year.