OpenPayd, a leading provider of financial infrastructure, today 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, enabling 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, making instant cross-border payments using all major stablecoins and widely adopted digital assets. This enables greater efficiency and transparency at a lower cost.
The new capabilities of OpenPayd will enable its clients to manage treasury flows more efficiently, significantly improving the speed and cost of cross-border currency exchanges. 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 asset services, which was recently augmented with a virtual asset license in Europe, with 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 license infrastructure. This addresses the critical first- and last-mile challenges 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 gaps in fiat connectivity have limited their full potential,” says 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.
