Payments Platform Decta Adopts USDC for International Treasury Settlement
Decta partners with OpenPayd to integrate stablecoins into its back-end treasury operations for near-instant cross-border settlement.
Quick Look
Payments platform Decta is integrating USDC into its back-end treasury operations through OpenPayd to streamline international settlements and liquidity management without altering customer-facing payment services.
AI-generated summary
Why It Matters
Decta provides financial infrastructure across 32 countries and previously explored euro-pegged stablecoin issuance under MiCA regulations.
Payments platform Decta will use USDC to settle its own funds internationally, bringing stablecoins into its back-end treasury operations.
Decta said Tuesday that it will use OpenPayd, a financial infrastructure company, to convert company funds into USDC for international settlement, according to an announcement shared with Cointelegraph.
“This is a proprietary treasury use case rather than a customer-facing payments flow,” Lux Thiagarajah, chief commercial officer at OpenPayd, told Cointelegraph.
“Decta transfers its own funds into OpenPayd’s regulated infrastructure, where they are converted into USDC via OpenPayd’s over-the-counter capabilities to support international operational settlements,” he added.
The integration shows how stablecoins are moving into traditional payments infrastructure as a tool for internal treasury and liquidity management, without making stablecoins part of its customer-facing payment services.
Decta UK CEO Scott Dawson said the company routinely moves its own funds between banking relationships to fund operations and settle internal obligations across its regulated entities and markets. Traditionally, he said, those transfers run through banking rails that are subject to cut-off times, weekends and multi-day value dates.
“Through OpenPayd’s regulated infrastructure, Decta converts its own fiat into a digital settlement instrument, moves it across markets near-instantly,“ Dawson said.
Founded in 2015 in London, Decta is a payments platform that provides payment processing, acquiring, card issuing, banking and other financial infrastructure to businesses. The company operates across 32 countries and serves hundreds of companies, according to its announcement.
Decta has also explored stablecoin issuance in the past. In August 2024, Decta Limited and France-based Next Generation said they were exploring a potential euro-pegged stablecoin that Decta could issue under the European Union’s Markets in Crypto-Assets Regulation (MiCA), subject to regulatory approval.
OpenPayd, founded in London in 2018, provides financial infrastructure connecting fiat and digital assets. The company secured authorization under MiCA in June, allowing it to provide crypto services across the European Economic Area, including fiat-to-stablecoin on- and off-ramps. It counts Kraken, eToro, OKX and B2C2 among its clients.
Open Questions
- What is the total volume of funds Decta expects to settle using USDC?
- Will other financial partners be added for stablecoin settlement?
