Thredd Integrates Stablecoin Payments with Velocity Partnership

Thredd has partnered with Velocity to integrate stablecoin-powered money movement into its payments platform. This move extends Thredd's existing card issuing and processing capabilities beyond traditional settlement methods to include blockchain-based transactions.

Under the partnership, Thredd clients will be able to convert between fiat currencies and supported stablecoins, send funds on-chain or through connected fiat payment rails, and use stablecoins for funding, payouts, and settlement. The initial rollout will focus on business use cases, including stablecoin-backed card programs, cross-border payouts, global treasury flows, and on-chain settlement.

The partnership reflects a broader push by payments companies to connect traditional financial rails with digital assets designed to hold a stable value. Stablecoins have drawn increasing attention from financial services groups exploring faster cross-border transfers, round-the-clock settlement, and alternatives to parts of the correspondent banking system.