Ramp, a corporate credit card issuer and expense management company, has successfully leveraged stablecoins, particularly USDC, to enhance its corporate treasury returns while maintaining liquidity and risk management. Faced with the challenge of investing over $620 million in excess capital from equity and debt financing, Ramp explored traditional investment options such as government treasuries and investment-grade corporate bonds, which were yielding low returns in a zero-interest-rate environment. In seeking alternatives, Ramp's finance team, led by Alex Song, identified stablecoins as a promising option, offering rapid, efficient, and low-cost transactions with higher yields compared to traditional fixed-income securities. By collaborating with Circle, a key player in the stablecoin market, Ramp deployed a significant portion of its treasury into Circle Yield, which provided secured and overcollateralized returns, likened to short-dated Covered Bonds. Despite the inherent risks and the need for thorough due diligence, Ramp's innovative approach marks it as one of the first non-crypto companies in the US to adopt stablecoins for treasury management, potentially paving the way for future allocations as the market continues to evolve.