Decta payment processor turns to stablecoins for cross-border treasury operations
The payment platform plans to leverage USDC via OpenPayd's systems for managing international treasury settlements, aiming for accelerated transaction speeds and enhanced liquidity optimization.
Payment processing firm Decta is set to leverage USDC for the international settlement of its corporate funds, incorporating stablecoins into its internal treasury management operations.
The company announced on Tuesday its plans to utilize OpenPayd, a provider of financial infrastructure services, to transform corporate capital into USDC for cross-border settlement purposes, as revealed in a statement provided to Cointelegraph.
"This represents an internal treasury application rather than a payment service available to clients," Lux Thiagarajah, chief commercial officer at OpenPayd, explained to Cointelegraph.
"Decta moves its corporate capital into OpenPayd's compliant infrastructure, where the funds undergo conversion to USDC through OpenPayd's over-the-counter services to facilitate cross-border operational settlements," he further explained.
This collaboration demonstrates the progression of stablecoins into conventional payment systems as an instrument for back-office treasury and liquidity optimization, while keeping stablecoins separate from its client-facing payment products.
Stablecoins move into payments firms' treasury operations
According to Decta, this integration will facilitate the transfer of capital between its international entities, optimize liquidity positioning and enhance treasury workflow efficiency.
Scott Dawson, CEO of Decta UK, expressed that the organization seeks technological solutions to accelerate, simplify and strengthen its financial processes while preserving its current oversight frameworks and adherence to regulatory standards.
Established in 2015 in London, Decta operates as a payments infrastructure provider delivering payment processing services, merchant acquiring, card issuance, banking solutions and additional financial technology to corporate clients. The platform maintains operations throughout 32 countries and provides services to hundreds of businesses, as stated in its announcement.
Decta has also explored stablecoin issuance in the past. In August 2024, Decta Limited and France-based Next Generation said they were exploring a potential euro-pegged stablecoin that Decta could issue under the European Union's Markets in Crypto-Assets Regulation (MiCA), subject to regulatory approval.
OpenPayd, founded in London in 2018, provides financial infrastructure connecting fiat and digital assets. The company secured authorization under MiCA in June, allowing it to provide crypto services across the European Economic Area, including fiat-to-stablecoin on- and off-ramps. It counts Kraken, eToro, OKX and B2C2 among its clients.