OpenPayd, the financial infrastructure provider, today is launching new stablecoin infrastructure, which it says will enable businesses to move and manage digital assets and fiat through one platform.
Using the new OpenPayd offering, businesses will be able to on-ramp and off-ramp between fiat and digital assets and make instant cross-border payments using all major stablecoins and widely adopted digital assets, enabling greater efficiency and transparency at a lower cost.
The new capabilities will enable its clients to manage treasury flows more efficiently, improving the speed and cost of currency exchanges when moving money cross-border. OpenPayd believes that businesses could go live with stablecoin capabilities in weeks, not months, with an integration to its proprietary platform.
OpenPayd leverages a global license infrastructure for both fiat and virtual assets services, which it recently augmented with a virtual asset license in Europe, with plans to add more in the future.
“Every business with international ambitions will need a stablecoin strategy. We have built the infrastructure to support that strategy with speed, compliance and scale,” said Lux Thiagarajah, chief commercial officer at OpenPayd. “We have built the universal infrastructure for the digital economy as we firmly believe the evolution and usage of stablecoins has only just begun.”
Removing barriers to stablecoin growth
OpenPayd’s platform boasts an extensive banking network and global license infrastructure, which solves the critical first and last-mile challenge in global payments, enabling real-time cross-border money movement. With the addition of stablecoin on and off ramps, any business can now tap into this infrastructure to access a seamless, regulated entry point into the digital asset economy.
Iana Dimitrova, chief executive at OpenPayd
“The global financial system is being rebuilt in real time. Stablecoins are at the centre of this shift, but gaps in fiat connectivity are limiting their full potential,” added Iana Dimitrova, chief executive at OpenPayd. “We have removed those barriers. We are connecting the old world and the new, bringing traditional and digital finance into one frictionless experience.”
OpenPayd currently processes over €130billion in annualised volume for over 750 clients across a diverse range of industries. By enabling billions in transaction volume to move on and off chain through trusted fiat channels, OpenPayd also hopes to accelerate growth across the digital economy.
The post OpenPayd Launches Stablecoin Infrastructure to Bridge Gap Between Traditional and Digital Finance appeared first on The Fintech Times.
