OpenPayd, a global payments and banking platform, has launched its stablecoin infrastructure to enable businesses to move and manage digital assets through one platform.
The platform connects 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.
With this new infrastructure, 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.
“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.”
OpenPayd leverages a global license infrastructure for both fiat and virtual assets services, which was recently augmented with a virtual asset license in Europe.
Iana Dimitrova, chief executive at OpenPayd, added: “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 – we have removed those barriers.”
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