In a news release dated Wednesday, Sept. 23, Thredd said the new capabilities will let its customers convert between fiat currencies and supported stablecoins, send funds on‑chain or via connected fiat rails, and use stablecoins for funding, payouts and settlement.
“Stablecoins are rapidly becoming an important part of global payments infrastructure, but clients should not have to rebuild their payments stack to take advantage of them,” Thredd CEO Jim McCarthy said. “By bringing stablecoin money movement into the Thredd platform, we can connect the issuing and processing capabilities our clients already rely on with new ways to move, convert and settle funds.”
The initial rollout targets B2B and B2B2B use cases such as stablecoin‑backed card programs, cross‑border payouts, global treasury flows and on‑chain settlement. Velocity will provide the programmable wallet infrastructure, blockchain‑banking rail connectivity, liquidity, conversion services and the orchestration needed to support these transfers.
Velocity founder and CEO Eric Queathem added, “The real opportunity with stablecoins isn’t a new asset, it’s a more programmable way for businesses to move and manage money globally. Thredd’s platform is already trusted by sophisticated card programs, and this partnership gives those clients a practical way to use stablecoin rails inside an environment they already know.”
Industry analysts see the move as part of a broader shift, where stablecoins are no longer a standalone crypto product but an embedded layer of financial infrastructure. Recent announcements from Tether, Visa and U.S. Bank similarly position digital dollars as underlying components of card programs and cross‑border treasury services, expanding the range of products that can leverage faster, programmable settlement.