TerraPay Revolutionizes Treasury Management with Stablecoins
TerraPay, a global payment infrastructure provider, is transforming treasury management and cross-border transactions with stablecoins. The company's Head of Treasury, Sanjeev Gupta, recently highlighted the benefits of stablecoins in reducing working capital needs and costs. TerraPay's latest move, a partnership with Fipto, enables direct stablecoin funding and payouts, marking a significant shift in the industry.
The regulatory landscape for stablecoins varies greatly around the world. TerraPay, operating in multiple countries, ensures compliance with local regulations. In the US, for instance, the Financial Crimes Enforcement Network (FinCEN), Securities and Exchange Commission (SEC), and Office of the Comptroller of the Currency (OCC) each play a role. In the EU, the European Banking Authority (EBA) and European Securities and Markets Authority (ESMA) are central, with the Markets in Crypto-Assets Regulation (MiCAR) set to harmonize regulation from 2024/2025. TerraPay works with local payment service providers, banks, and businesses to ensure all transactions, including stablecoin usage, adhere to local rules.
TerraPay's partnership with Fipto allows clients to fund directly in stablecoins and enables payout partners to receive them where supported. Patrick Mollard, Co-founder & CEO of Fipto, sees this as a turning point for the industry. Ambar Sur, Founder & CEO of TerraPay, views stablecoin-native flows as a natural evolution for global payments networks. TerraPay launched stablecoin-native flows in 2024, initially using a 'stablecoin sandwich' method for cross-border transactions. Fipto's institutional-grade stablecoin payment infrastructure facilitated TerraPay's secure and compliant integration of stablecoin flows.
The use of stablecoins has significantly reduced transit time and working capital pressure for TerraPay. The company's first stablecoin implementation began in 2024, demonstrating its commitment to embracing this technology for improved treasury management and cross-border transactions.
TerraPay's adoption of stablecoins, facilitated by its partnership with Fipto, is reshaping treasury management and cross-border payments. With varying global regulations, TerraPay ensures compliance in each market it operates. The reduced transit time and working capital pressure highlight the practical benefits of stablecoins. As stablecoin-native flows become more prevalent, TerraPay is at the forefront of this industry shift.
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