Thredd has announced it is partnering with Reap to scale the adoption of stablecoin-linked cards in North America and LATAM regions, according to the company’s newsroom.
Reap’s B2B native stablecoin infrastructure for corporate cards and issuing will be able to use processing, authorisation, as well as underlying risk and fraud features from the Thredd platform.
Both companies have been teamed up since 2021, now focusing on expanding the horizon for stablecoin payments worldwide.
On the collaboration, CEO of Thredd Jim McCarthy expressed:
This collaboration enables Reap to focus on product innovation while Thredd underpins their expansion, enabling corporate, B2B, and B2B2C clients, particularly in fast-evolving markets, to issue cards swiftly and securely.
Co-founder of Reap added to this, saying:
We are pleased to be partnering with Thredd to enable us to bring stablecoin-enabled infrastructure to our clients across major trade corridors for more efficient money movement.
Earlier in the year, Reap participated in the industry survey conducted by blockchain data company Artemis, as well as VCs Castle Island Ventures and Dragonfly.
In the ‘Stablecoin Payments from the Ground Up‘ report, it was estimated that B2B stablecoin payments specifically were responsible for $36B – at an annualised rate.
