The demand from consumers to move money across borders as seamlessly as possible has become so great, that some have delved into the world of DeFi to see if they can get a better money-moving experience. To ensure its clients are able to send cross-border payments however they like, financial infrastructure provider, OpenPayd, has partnered with Circle, the global fintech firm and issuer of USDC.
Through this partnership, OpenPayd will leverage Circle Wallets’ infrastructure to deliver a unified fiat and stablecoin infrastructure layer for global businesses. This means its enterprise clients will be able to move and manage money globally across traditional banking rails and blockchain-based networks.
As the traditional financial world becomes blurred with the new wave of digital finance, users are looking for ways to interact seamlessly between them. Through the new collaboration, OpenPayd is offering simple conversion between fiat currencies and USDC. Its client will have faster access to liquidity, lowers settlement costs, and will unlock new use cases across payments, treasury and digital asset services.
“Stablecoins will be foundational to the next era of financial services, and our partnership with Circle positions us, and our clients, at the centre of that transformation,” said Iana Dimitrova, chief executive of OpenPayd. “By expanding access to USDC across our platform, we’re extending our vision of becoming the universal financial infrastructure for a truly digital global economy.”
Improving access to stablecoins
The partnership marks a major milestone in OpenPayd’s mission to power the growth of the digital economy. With more than €130billion processed annually, OpenPayd is expanding its infrastructure to support stablecoin-native capabilities and help businesses take advantage of new financial technologies.
With its rails-agnostic, API-based platform, OpenPayd empowers businesses to embed payments, accounts, and trading into their own products – accelerating global expansion, automating operations, and enhancing user experiences. The partnership with Circle strengthens this capability, giving OpenPayd clients streamlined access to stablecoin infrastructure that is programmable, and built for scale.
“OpenPayd’s scale and deep infrastructure expertise make them an essential partner in expanding access to USDC and advancing real-world stablecoin utility,” said Sanja Kon, VP, partnerships and business development, Circle. “Together, we’re building the foundation for a more open, efficient, and inclusive global financial system.”
