I te atio al payme ts te d to take lo ge tha domestic o es due to ba k ope ati g hou s, cutoffs, co espo de t ba ki g etwo ks, a d batch p ocessi g. While stablecoi s offe a faste alte ative, movi g fiat fu ds o to the blockchai ca still take days. With the ew solutio , fi techs ca co ve t fiat fu ds held i a G asshoppe Ba k accou t i to USDC, issued th ough Ci cle’s egulated affiliates, th ough a I c ease API a d t ack t a sactio s e d-to-e d. Fu ds ca the settle o suppo ted blockchai s 24/7, helpi g st eamli e c oss-bo de payme ts.
“The challe ge with stablecoi payme ts has t aditio ally bee the se ies of ACH payme ts a d wi es that p ecede the actual blockchai t a sactio ,” said Jack Reed, Head of P oduct at I c ease. “The collabo atio with G asshoppe makes stablecoi payme ts faste a d mo e accessible by e abli g custome s to o – a d off- amp di ectly f om accou ts they al eady hold.”
The ew capability is offe ed atively th ough I c ease’s ba ki g i f ast uctu e, e abli g fi techs to offe stablecoi payme ts ac oss commo blockchai s. T a sactio s ca be i itiated i U.S. dolla s a d co ve ted i to stablecoi s fo o -chai settleme t. O i itiated o -chai a d la di g i a U.S. dolla accou t.
“Stablecoi s ep ese t a fu dame tally ew way to move mo ey ac oss bo de s,” said Lau e McCollom, Head of Embedded Fi a ce at G asshoppe . “I this ew f o tie , we emai committed to ope ati g i a safe a d sou d ma e , which i cludes pa t e i g with best-i -class p ovide s like I c ease, to b i g ou clie ts t a sfo mative payme t capabilities that delive faste settleme t, seamless global each, a d a imp oved e d-use expe ie ce.”
By pa t e i g with I c ease, G asshoppe is amo g the fi st ba ks to b i g stablecoi capability to ma ket as pa t of its b oade payme t st ategy. Fo fi techs seeki g to leve age stablecoi s fo i te atio al mo ey moveme t, this pa t e ship offe s a secu e a d scalable path fo wa d.
To lea mo e about these capabilities, fi techs ca visit G asshoppe ‘s website at https://www.g asshoppe .ba k/ba ki g-solutio s/embedded-fi a ce.
With total assets of app oximately $1.6 billio , G asshoppe Ba k is a clie t-fi st, full-se vice digital ba k se vi g the busi ess a d i ovatio eco omy. G asshoppe Ba k eplaces the t aditio al o e-size-fits-all app oach to ba ki g with a suite of p oducts a d se vices tailo ed to specific i dust ies a d a passio ate team of expe ts with deep expe tise i thei fields. G asshoppe Ba k’s ba ki g solutio s cove small busi esses, sta tups, fi tech-focused Ba ki g-as-a-Se vice (BaaS) a d comme cial API ba ki g platfo ms, SBA le di g, a d white-labeled co sume ba ki g. Headqua te ed i New Yo k, New Yo k, the ba k is a membe of the Fede al Deposit I su a ce Co po atio a d is a Equal Housi g/Equal Oppo tu ity Le de . Fo mo e i fo matio , visit G asshoppe Ba k’s website at www.g asshoppe .ba k o follow G asshoppe Ba k o Li kedI o X.
Calibe Co po ate Advise s
I c ease (I c ease.com) is a mode ba ki g co e pu pose-built fo tech ology compa ies to sto e, move, a d eco cile mo ey. Ou full-stack platfo m offe s best-i -class APIs with di ect co ectio s to the Fede al Rese ve, The Clea i g House, a d Visa-powe i g ACH, wi es, checks, eal-time payme ts, a d ca d issui g. Fast-g owi g compa ies like St ipe, Ramp, Gusto, a d Check use I c ease to build a d scale fi a cial p oducts with full co t ol a d visibility. Built o ou ow co e i f ast uctu e athe tha legacy systems, I c ease suppo ts use cases like pay oll, bill pay, le di g, a d embedded fi a ce.
