RedotPay Selects OpenPayd for Stablecoin Treasury Operations

RedotPay, a crypto payment card issuer, said on June 30 that it chose OpenPayd to manage its treasury operations and cross-border remittances. The partnership uses stablecoins as the settlement layer between local currencies and digital assets.

OpenPayd operates a banking-as-a-service platform that gives crypto firms access to fiat payment rails. RedotPay will use that infrastructure to move funds across markets without relying on traditional correspondent banking, the companies said.

The deal affects RedotPay users who send money across borders or convert between stablecoins and local currency. Those transactions now settle through OpenPayd’s network, which connects to banks in multiple jurisdictions. The setup cuts out the delays and fees that come with wire transfers, the company said.

RedotPay did not disclose financial terms or the volume of payments it expects to route through OpenPayd. The card issuer has focused on letting users spend stablecoins at merchants that accept Visa and Mastercard. Adding a dedicated treasury partner suggests it is scaling that business beyond a handful of test markets.

Stablecoin-based payment infrastructure has grown rapidly over the past two years. More merchants and remittance firms now accept USDC and USDT directly, and several BaaS providers have built secure on- and off-ramps for crypto-to-fiat conversion. OpenPayd’s existing compliance and liquidity relationships simplify the process for issuers like RedotPay that operate in multiple countries.

The announcement comes as regulators globally tighten rules around stablecoin reserves and anti-money laundering checks. RedotPay and OpenPayd both hold licenses or registrations in their operating regions, though neither company specified which jurisdictions this partnership covers. Users should still verify that their transaction limits align with local transfer laws.

For now, the practical effect is that RedotPay customers get faster settlement on cross-border payments and lower reliance on pre-funded fiat balances. The company said it plans to extend the OpenPayd integration to additional currencies and payout methods later this year.

The integration does not change how users hold or spend stablecoins on the RedotPay card. It affects the backend flow when a user loads funds, converts currencies, or sends money abroad. Those actions now settle over OpenPayd’s rails rather than through an ad-hoc mix of partners.

RedotPay first launched in Singapore in 2023 and has since expanded to Europe and parts of Southeast Asia. OpenPayd, based in London, holds an e-money license from the UK’s Financial Conduct Authority and operates in the EU under passporting rules.

The pair did not say whether they plan to tokenize traditional assets or issue yield-bearing stablecoins. The core of the agreement is straightforward: a card issuer needs a reliable way to move money across borders, and OpenPayd provides that layer without requiring RedotPay to build its own banking network.

For traders and crypto payment observers, the move is another sign that stablecoins are moving beyond speculative trading into day-to-day payment infrastructure. The bottleneck has been the bridge between digital tokens and bank rails. Firms like OpenPayd are filling that gap, one integration at a time.

RedotPay said it will begin routing transactions through OpenPayd immediately. The company expects to complete its full rollout across all supported currencies by the end of the third quarter.