OpenPayd, a leading provider of financial infrastructure, announced the launch of its stablecoin infrastructure, enabling businesses to move and manage digital assets and fiat through one platform.
OpenPayd is making money movement instant and seamless by connecting local and international fiat rails to all major blockchains and enables businesses to view, hold, make and receive payments across any digital currency and any rail globally.
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 of OpenPayd will enable its clients to manage treasury flows more efficiently, radically improving on the speed and cost of currency exchanges when moving money cross-border. Businesses can go live with stablecoin capabilities in weeks, not months, with a straightforward integration to OpenPayd’s proprietary platform.
OpenPayd leverages a global license infrastructure for both fiat and virtual assets services, which was recently augmented with a virtual asset license in Europe and more to come.
“Every business with international ambitions will need a stablecoin strategy. We have built the infrastructure to support that strategy with speed, compliance and scale,” added 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”
At the core of OpenPayd’s platform is an extensive banking network and global licence infrastructure. This 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.
“The global financial system is being rebuilt in real time. Stablecoins are at the centre of this shift, but their full potential has been limited by gaps in fiat connectivity,” said 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.”
Today, OpenPayd processes over €130 billion in annualised volume for 750+ clients across a diverse range of industries. As a result of OpenPayd’s scale and network reach, this launch is expected to materially accelerate the adoption and market capitalisation of stablecoins. By enabling billions in transaction volume to move on and off chain through trusted fiat channels, OpenPayd is acting as a catalyst for growth across the digital economy.