OpenPayd, the financial infrastructure provider, is joining forces with Ripple, the digital asset infrastructure provider, to deliver compliant and scalable payment solutions for enterprise clients.
Through the new partnership, OpenPayd will support Ripple’s cross-border payments solution, Ripple Payments, with its global fiat infrastructure, including real-time payment rails, multi-currency accounts and virtual IBANs.
Ripple Payments employs blockchain and digital assets, and a global network of payout partners to deliver fast, transparent, reliable cross-border payments and on/off ramps for banks, crypto companies, and fintechs worldwide.
The partnership marks progress for OpenPayd’s recently launched stablecoin infrastructure. OpenPayd will provide direct minting and burning capabilities for Ripple USD. Businesses will also be able to convert between fiat and RLUSD, a USD-denominated stablecoin, accessing OpenPayd’s full suite of services, including embedded accounts, payments, and trading, via a single API.
“Ripple has long been a pioneer in blockchain-based payments,” said Iana Dimitrova, chief executive at OpenPayd. “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.”
RLUSD supports a wide range of use cases, including cross-border payments, global treasury management, and access to US dollar liquidity. As enterprise demand for stablecoins grows, Ripple says that businesses need real-time, compliant infrastructure to manage money globally, and seamlessly between traditional finance and blockchains.
Boosting global interoperability
The collaboration reflects a shared belief that the key to mainstream stablecoin adoption is robust first and last-mile fiat infrastructure. By teaming up, Ripple and OpenPayd hope to deliver the tools enterprises need to move and manage money globally and future-proof their payment strategies through blockchain-enabled finance.
“The future of global finance depends on seamless interoperability between traditional infrastructure and digital assets,” Jack McDonald, SVP of stablecoins at Ripple, also added. “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.”
Ripple’s compliant digital asset infrastructure is also well-positioned to provide the core services that financial institutions need to tokenise, store, exchange and move digital assets. Ripple Payments boasts near-global coverage with over 90 payout markets representing more than 90 per cent coverage of the daily FX markets, processing more than $70billion in volume.
