Integration Goal: Cross-Border Transactions and Digital Asset Operations for Enterprise Clients
The main objective of this collaboration is to support cross-border transactions and digital asset operations for enterprise clients. Combining OpenPayd’s API-based payment and banking services with Circle’s stablecoin infrastructure, particularly USDC—a dollar-denominated stablecoin issued by regulated Circle affiliates—enables the seamless conversion between fiat currencies and USDC.
Enhancing Real-Time Liquidity and Blockchain Integration
OpenPayd plans to introduce Circle’s Wallets infrastructure, offering clients enhanced liquidity access while facilitating fund transfers across traditional payment networks and blockchain rails. Company officials believe that stablecoins will play a pivotal role in the transformation of financial services, enabling both conventional and digital finance operations.
Circle considers OpenPayd a strategic partner due to its operational scale and technical capabilities. This collaboration aims to further extend the practical use of stablecoins like USDC in financial applications.
OpenPayd’s Platform Overview
As part of this partnership, OpenPayd will add on- and off-ramps for stablecoins, expanding its platform’s interoperability between fiat and digital currencies. Currently, the company processes over 130 billion annually for more than 750 business clients through embedded financial services, including account provisioning, foreign exchange, and domestic and cross-border payments.