Berlin-based fintech startup Ivy has announced a groundbreaking partnership with Circle, a leading stablecoin provider, to integrate USDC and EURC stablecoins into its instant payment platform. This collaboration aims to revolutionize global transactions by enabling seamless conversions between fiat currencies and stablecoins, catering to the growing demand for efficient Web3 payment solutions.
The integration allows Ivy’s customers, including merchants and service providers, to access, convert, and transact with stablecoins effortlessly. This move positions Ivy as a frontrunner in bridging traditional finance with the blockchain economy, offering a borderless payment experience for businesses worldwide.
According to recent announcements, platforms like Kraken, a prominent cryptocurrency exchange, are already leveraging Ivy’s services to facilitate stablecoin transactions. This showcases the practical application and scalability of Ivy’s technology in the rapidly evolving fintech landscape.
Ivy, which previously raised $20 million in a Series A funding round in 2023, continues to expand its footprint in the open banking and instant payment sectors. The partnership with Circle is expected to further accelerate its growth by tapping into the multi-billion-dollar stablecoin market.
This strategic alliance comes at a time when stablecoins are gaining traction as a reliable medium for cross-border payments, offering stability compared to volatile cryptocurrencies. Ivy’s innovative approach could redefine how businesses handle international transactions with reduced costs and faster processing times.
As the fintech industry evolves, collaborations like this highlight the potential of combining open banking with blockchain technology. Ivy and Circle’s joint efforts are set to pave the way for more inclusive and efficient financial systems globally.
Alfred Lee
