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Thredd Partners with Velocity to Expand Global Payments Platform, Offer Stablecoin-Powered Money Movement

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Thredd Partners with Velocity to Expand Global Payments Platform, Offer Stablecoin-Powered Money Movement

Thredd, the AI-first issuer processing platform, announced the expansion of its payments platform to include stablecoin-powered money movement capabilities, through a partnership with Velocity, the stablecoin treasury and settlement platform bringing enterprises onchain.

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Thredd clients will now be able to convert between fiat currencies and supported stablecoins, send funds on-chain or through connected fiat rails, and use stablecoins for funding, payouts and settlement.

The initial rollout of these capabilities will focus on supporting B2B and B2B2B applications, including stablecoin-backed card programmes, cross-border payouts, global treasury flows and on-chain settlement. Thredd clients will now be able to convert between fiat currencies and supported stablecoins, send funds on-chain or through connected fiat rails, and use stablecoins for funding, payouts and settlement.

“Stablecoins are rapidly becoming an important part of global payments infrastructure, but clients should not have to rebuild their payments stack to take advantage of them,” said Jim McCarthy, CEO, Thredd. “By bringing stablecoin money movement into the Thredd platform, we can connect the issuing and processing capabilities our clients already rely on with new ways to move, convert and settle funds. It’s about giving clients more flexibility while maintaining the controls, reliability and operational support they expect from Thredd.”

To provide the underlying stablecoin infrastructure, Thredd has selected Velocity as a new strategic technology partner. Velocity will provide programmable wallet infrastructure, connectivity to blockchain and banking rails, liquidity and conversion capabilities, and the orchestration required to support transfers and settlement.


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