Web3 infrastructure company Gnosis has entered the U.S. market through a partnership with Noah, introducing USD virtual accounts.
Partnership Between Gnosis and Noah
Gnosis, the German Web3 firm, has announced its first foray into the U.S. market through a strategic partnership with Noah, a stablecoin-powered finance company. This collaboration aims to create USD virtual accounts designed to serve stablecoin users across the United States and internationally.
New Opportunities for Users
The newly introduced virtual accounts enable real-time conversions between stablecoins and fiat currencies, along with free on- and off-ramps. They support cross-border payments in more than 70 countries, streamlining various financial operations such as payroll, remittances, and business-to-business transactions. Existing Gnosis users in Europe can now transact in both stablecoins and U.S. dollars while staying compliant with regulations.
Reactions and Goals of the Partnership
Noah CEO Shah Ramezani highlighted the goal of simplifying and securing stablecoin transactions, bridging the traditional financial system with open, programmable payment solutions. Gnosis Co-founder Stefan George emphasized this partnership makes DeFi viable for mainstream everyday use, preserving core Web3 values of ownership and transparency.
This partnership between Gnosis and Noah represents a crucial step in bringing flexible, compliant, and efficient stablecoin payment options to wider audiences, reinforcing the growing role of DeFi in global financial services.
