Veem has entered into a strategic alliance with Bridge to introduce stablecoin account and payment functionalities for global businesses and platforms.

This collaboration will enable companies to incorporate stablecoin processes directly into their business operations, allowing customers to use digital dollars for various financial activities on a daily basis.

The new features will be supported by USDV, Veem’s proprietary stablecoin built atop Bridge’s Open Issuance platform. USDV is crafted to facilitate programmable cross-border payments and enhance the fluidity of fund transfers within Veem’s network.

Unified approach for fiat and stablecoin operations

In line with this partnership, Veem will furnish businesses with an integrated system for creating and administering both stablecoin- and fiat-based accounts and payments. This includes seamless on-ramps and off-ramps as well as multi-asset support, ensuring a unified experience for handling funds.

The collaboration seeks to tackle one of the key hurdles in widespread stablecoin adoption, where although digital currencies offer benefits like rapid transactions, 24/7 accessibility, and cross-border operations without the need for traditional banking systems, integrating them into existing financial processes can be technically challenging for many enterprises.

Decades of experience in blockchain and cross-border payments

With a decade-long track record in developing blockchain-based cross-border payment infrastructures, Veem brings extensive knowledge in digital asset settlement and regulatory compliance to this stablecoin initiative. This background forms the basis for its expanded offering tailored to businesses interested in programmable payment solutions.

Bridge, now under the Stripe umbrella, offers a specialized stablecoin issuance platform through its Open Issuance service. Together with Veem, they aim to build on existing fiat payment services while adding stablecoin capabilities that fit seamlessly into current operational frameworks.