OpenPayd has partnered with Circle to integrate OpenPayd’s financial infrastructure with Circle Wallets’ stablecoin technology. This collaboration allows OpenPayd’s enterprise clients to use both traditional banking rails and blockchain networks for global money movement and management, according to a June 17 press release.
The partnership offers seamless conversion between fiat currencies and Circle’s regulated stablecoin, USDC. This provides faster liquidity access, reduced settlement costs, and new opportunities in payments, treasury, and digital asset services.
OpenPayd’s platform, which currently processes over 130 billion euros annually, enables businesses to embed payments, accounts, and trading into their products. The USDC integration broadens platform capabilities, supporting OpenPayd’s goal to become a universal financial infrastructure for the digital economy, said CEO Iana Dimitrova.
Sanja Kon, VP of partnerships at Circle, highlighted OpenPayd’s scale and infrastructure expertise as key to expanding USDC access and encouraging stablecoin adoption in real-world use cases.
This partnership follows OpenPayd’s recent platform expansions, including July’s integration with Brazil’s Pix real-time payment network, which offers cheaper, reliable 24/7 transactions, and a February 2024 collaboration with TrueLayer to enhance instant payments across the UK and Europe.
Circle CEO Jeremy Allaire emphasized the broad potential for partnerships with technology firms, payment providers, and financial institutions as the adoption of internet-based currency grows.