16 hours ago
OpenPayd to offer conversion between fiat payments and USDC
OpenPayd, a leading provider of financial infrastructure, today announced a partnership with Circle (NYSE: CRCL), a global financial technology firm and issuer - through its regulated affiliates - of USDC, to deliver a unified fiat and stablecoin infrastructure layer for global businesses.
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Leveraging Circle Wallets infrastructure, this partnership will enable OpenPayd's enterprise clients to move and manage money globally across both traditional banking rails and blockchain-based networks, at scale and in real time.
This collaboration will enable OpenPayd to offer seamless conversion between fiat currencies and USDC. It will provide OpenPayd clients with faster access to liquidity, lowers settlement costs, and will unlock new use cases across payments, treasury and digital asset services.
The partnership marks a major milestone in OpenPayd's mission to power the growth of the digital economy. With more than €130 billion processed annually, OpenPayd is expanding its infrastructure to support stablecoin-native capabilities and help businesses take advantage of new financial technologies.
'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.'
'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 & Business Development, Circle. 'Together, we're building the foundation for a more open, efficient, and inclusive global financial system.'
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.
