Thredd Partners with Velocity to Bring Stablecoin Payment Options
Thredd, an AI-first issuer processing platform, has partnered with Velocity to integrate stablecoins into its payment offerings for card issuers and programme managers. This new functionality allows Thredd clients to move between fiat currencies and supported stablecoins, transfer value on-chain or through linked fiat rails, and use stablecoins to fund accounts, make payouts, and complete settlement.
The initial focus will be on B2B and B2B2B use cases, including stablecoin-backed card programmes, international payouts, global treasury operations, and blockchain-based settlement. Velocity provides the infrastructure supporting this service, including programmable wallets, connections to blockchain networks and banking systems, liquidity and conversion services, and an orchestration layer for transfers and settlement.
For international card programmes, the use of stablecoin rails could reduce the need for issuers to hold capital across multiple markets and potentially lower prefunding and collateral requirements. Funds could also move across currencies and borders without relying solely on correspondent banking networks.