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Hecto Financial joins global stablecoin OpenUSD alliance, expands payment infrastructure

Hecto Financial will join Open Standard, a global corporate alliance for the dollar-based stablecoin OpenUSD (OUSD), as a network partner, it said on Wednesday. The alliance includes about 160 companies such as Visa, Mastercard, Stripe and Coinbase. Hecto Financial said it is reviewing plans to use OUSD for overseas remittances and corporate payments and settlement, and to offer different infrastructures such as Circle Payments Network and OUSD depending on clients and countries.

Crypto

Dunamu partners with Visa on stablecoin payments and cross-border remittances

Dunamu said on Thursday it has signed a strategic partnership with global payments company Visa to pursue next-generation financial services including stablecoin-based payments, global remittances and AI-enabled payments. The companies unveiled a partnership roadmap in San Francisco on Aug. 27 Korea time. They plan to combine Dunamu’s digital asset technology with Visa’s global payments network to explore new services, while details such as markets and launch schedules remain undecided.

Crypto

Danal joins global Open USD stablecoin ecosystem

Danal is joining the global Open Standard ecosystem and will build payment and settlement infrastructure using the dollar-based stablecoin Open USD (OUSD). The company said on Aug. 21 it is the first domestic payment gateway provider to participate in the ecosystem and has joined as an OUSD participant. Danal plans to gradually add OUSD-based payment and settlement functions to its merchant network and payment infrastructure and expand into cross-border payments and digital-asset settlement.