Thredd is expanding its issuer processing platform to include stablecoin-powered money movement capabilities.

This expansion stems from a partnership with stablecoin treasury and settlement platform Velocity, Thredd announced in a Wednesday (Sept. 23) news release.

“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,” Thredd CEO Jim McCarthy said in the release.

“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.”

According to the release, the initial rollout of these capabilities will center on supporting B2B and B2B2B applications, such as stablecoin-backed card programs, cross-border payouts, global treasury flows and on-chain settlement.

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

Velocity’s contributions include programmable wallet infrastructure, blockchain/banking rails connectivity, liquidity and conversion capabilities, and the orchestration needed to support transfers and settlement.

“The real opportunity with stablecoins isn’t a new asset, it’s a more programmable way for businesses to move and manage money globally,” said Eric Queathem, CEO and founder of Velocity.

“Thredd’s platform is already trusted by some of the most sophisticated card programs in the market, and this partnership gives those clients a practical way to use stablecoin rails inside an environment they already know.

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