- OpenPayd has integrated Circle Payments Network to enable near-instant cross-border fiat payments for businesses.
- The integration uses stablecoins such as USDC and EURC for settlement without requiring businesses to manage blockchain infrastructure.
OpenPayd, a financial infrastructure provider, has integrated with Circle Payments Network (CPN) to enable near-instant cross-border fiat payments for businesses. The integration uses stablecoin infrastructure for settlement, without requiring businesses to manage blockchain technology directly.
This allows businesses using OpenPayd to send and receive fiat currencies, while stablecoins such as USDC and EURC are used to support settlement. It connects blockchain-based settlement with existing banking and local payment networks.
Connecting Fiat Payments With Stablecoin Infrastructure
Circle Payments Network acts as a coordination layer between financial institutions involved in cross-border payments. It helps participating institutions coordinate payment and settlement flows using regulated stablecoins while connecting with existing financial infrastructure.
For businesses, this means they can continue working with traditional fiat currencies while accessing the faster settlement capabilities provided by stablecoin infrastructure. OpenPayd said the integration is available through its existing platform, reducing the need for businesses to build separate blockchain payment systems.
The service is already supporting international payment corridors. These include transactions moving from euros to Brazilian real and from British pounds to Mexican pesos, allowing businesses to move money between different fiat currencies with settlements taking place in near real time.
Irfan Ganchi, Senior Vice President of Product Management, Payments at Circle, said the integration gives businesses access to CPN through a single API connection and allows stablecoin infrastructure to operate behind their existing payment experience.
Michael Treacy, Director of Business Development at OpenPayd, said the integration is intended to make stablecoin-based payments more practical for businesses. He noted that customers can use the infrastructure while continuing to make payments in the fiat currencies they already work with.
The partnership adds stablecoin settlement to OpenPayd’s existing financial infrastructure, which includes domestic and international payment rails. For businesses operating across multiple markets, the integration could simplify cross-border money movement by bringing different payment technologies together through a single platform.
