Latest news with #IanaDimitrova
Yahoo
03-07-2025
- Business
- Yahoo
OpenPayd, Ripple forge stablecoin payments alliance
Financial infrastructure provider OpenPayd and Ripple have formed an alliance to enhance payment solutions for enterprise clients. The partnership will integrate OpenPayd's global fiat infrastructure, which includes real-time payment rails, multi-currency accounts, and virtual IBANs, into Ripple Payments, facilitating transactions in EUR and GBP. Ripple Payments, which employs blockchain and digital assets, aims to streamline cross-border payments and provide on/off ramps for financial institutions globally. It is also a part of the OpenPayd's stablecoin infrastructure expansion. OpenPayd will now offer direct minting and burning of Ripple USD (RLUSD), a USD-denominated stablecoin developed by Ripple. Enterprises can convert between fiat currencies and RLUSD while utilising OpenPayd's services, including account management, payments, and trading via a single API. Ripple Stablecoins SVP Jack McDonald said: 'Our collaboration with OpenPayd gives enterprises reliable access to RLUSD, combining the stability and compliance they expect with the connectivity they need. This is how we accelerate real-world adoption of stablecoins at scale.' The stablecoin RLUSD is designed to support multiple use cases such as cross-border payments, global treasury management, and access to US dollar liquidity. The partnership aims to provide enterprises with the necessary tools to conduct and manage international monetary transactions effectively. OpenPayd CEO Iana Dimitrova stated: 'By combining Ripple Payments with OpenPayd's rail agnostic and fully interoperable fiat infrastructure, we are delivering a unified platform that bridges traditional finance and blockchain. 'This partnership enables businesses to move and manage money globally, access stablecoin liquidity at scale, and simplify cross border payments, treasury flows and dollar-based operations.' Last month, OpenPayd partnered with Circle, the issuer of the USDC stablecoin, to combine traditional banking systems with blockchain technology, facilitating global business transactions. "OpenPayd, Ripple forge stablecoin payments alliance " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
19-06-2025
- Business
- Yahoo
OpenPayd ties-up with Circle for managing fiat-stablecoin payments
Financial infrastructure provider OpenPayd has joined forces with Circle, issuer of the USDC stablecoin. The collaboration combines traditional banking systems with blockchain networks, facilitating global business transactions OpenPayd said that by using Circle Wallets infrastructure, it plans to offer its enterprise clients the ability to conduct transactions across various financial networks 'at scale and in real time'. The service will include the conversion between fiat currencies and USDC, aiming to enhance liquidity access, reduce settlement costs, and introduce new applications in payment processing, treasury operations, and digital asset services. OpenPayd processes over €130bn annually and is expanding its capabilities to support transactions involving stablecoins. The company's platform is designed to be indifferent to the underlying payment rails and offers an API-based integration for embedding financial services into client products. Circle Partnerships & Business Development VP Sanja Kon said: 'OpenPayd's scale and deep infrastructure expertise make them an essential partner in expanding access to USDC and advancing real-world stablecoin utility. Together, we're building the foundation for a more open, efficient, and inclusive global financial system.' OpenPayd chief executive Iana Dimitrova stated: '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. 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.' Last month, SCRYPT, a Swiss-licensed crypto solutions provider, selected OpenPayd to support its Euro payment infrastructure. "OpenPayd ties-up with Circle for managing fiat-stablecoin payments " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Finextra
17-06-2025
- Business
- Finextra
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. 0 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.
