Circle, the issuer of USD Coin (USDC), has partnered with financial provider OpenPayd to create a unified platform for managing fiat and stablecoin transactions.
Partnership between Circle and OpenPayd
OpenPayd, which processes more than €130 billion annually, has begun collaborating with Circle. This partnership allows it to leverage both traditional banking and blockchain networks.
Opportunities for OpenPayd Clients
OpenPayd clients will have the opportunity to effortlessly send and manage funds globally. By utilizing Circle's stablecoin infrastructure, they will be able to quickly convert between currencies and USDC, ensuring faster access to funds and lower fees.
Long-term Goals of Circle
The partnership with OpenPayd is part of Circle's ongoing efforts to expand real-world usage of USDC. The company has also integrated its stablecoin into the XRP Ledger and launched a rewards program for USDC holders in cooperation with Nubank.
The partnership between Circle and OpenPayd underscores the importance of integrating stablecoins into financial services, opening new avenues for clients and reinforcing both companies' commitment to enhancing monetary transactions.
