Thredd is expanding its issuer-processing platform with stablecoin-powered money movement through a partnership with Velocity, targeting B2B and B2B2B payments, cross-border payouts, treasury operations and on-chain settlement. The integration is designed to let fintechs and card-program operators move between fiat currencies and supported stablecoins without building a separate blockchain payments stack.

Stablecoins are increasingly moving from crypto-market infrastructure into corporate payments, treasury and settlement workflows. Thredd’s latest expansion reflects that shift by putting stablecoin functionality alongside the conventional card and fiat infrastructure already used by its customers.

The payments technology company said it will add capabilities for converting between fiat currencies and supported stablecoins, transferring funds on-chain or through connected fiat rails, and using stablecoins for funding, payouts and settlement. The initial rollout is focused on B2B and B2B2B applications, including stablecoin-backed card programs, cross-border payments and global treasury flows.

Velocity will provide the underlying infrastructure. Its technology includes programmable wallet infrastructure, connectivity to blockchain and banking rails, liquidity and conversion capabilities, and orchestration for transfers and settlement.

For Thredd customers, the proposition is less about replacing existing payment infrastructure than adding another settlement rail to it. The company plans to connect stablecoin capabilities with its existing ledger, APIs, issuer processing, card controls, fraud and risk services, reconciliation and operational tools.

That integration could matter for fintechs operating across multiple currencies and jurisdictions. Traditional cross-border payment flows can require correspondent banking relationships, intermediary institutions and prefunding across markets. Stablecoins can potentially provide a continuously available settlement mechanism, although their practical benefits depend on local regulations, liquidity, banking connections, blockchain infrastructure and conversion into fiat.

Visa has similarly been examining stablecoins as a money-movement and settlement rail. Its April 2026 update said its stablecoin settlement pilot had reached a $7 billion annualized run rate, up 50% quarter over quarter, across nine supported blockchains.

Visa subsequently reported that more than 160 stablecoin-linked card programs were live globally in its fiscal second quarter of 2026, while stablecoin settlement volume had exceeded a $20 billion annualized run rate. The figures illustrate the growing connection between card infrastructure and blockchain-based settlement, although Visa’s figures cover its own network and should not be interpreted as the size of the entire stablecoin market.

The B2B focus of Thredd and Velocity also aligns with where current stablecoin payment activity is concentrated. McKinsey and Artemis Analytics estimated that actual stablecoin payments totaled approximately $390 billion in 2025, equivalent to about 0.02% of global payments. B2B transactions represented roughly $226 billion, the largest category in their analysis.

That distinction is important because raw blockchain transaction figures can substantially overstate real-world payment activity. McKinsey noted that large reported stablecoin volumes include trading, internal transfers and automated blockchain activity that do not represent payments between end users.

Corporate treasury is consequently becoming one of the more closely watched applications. Businesses with international operations can potentially use stablecoins to move liquidity between entities, fund payment programs or settle obligations outside conventional banking hours.

The infrastructure challenge is making those capabilities accessible without forcing finance teams to manage blockchain wallets, private keys, multiple networks and separate reconciliation systems. Thredd’s model addresses this by incorporating the stablecoin layer into an existing payments platform rather than requiring clients to operate a separate on-chain workflow.

Velocity’s role is similarly infrastructure-oriented. The company raised $38 million in Series A funding in July 2026 to develop stablecoin treasury and settlement infrastructure for businesses, according to FinTech Global.

The partnership therefore places both companies within a growing stablecoin financial technology ecosystem that includes payment networks, banks, fintech infrastructure providers, stablecoin issuers and blockchain networks.

Regulation remains an important variable. The European Central Bank and EU national central banks raised concerns in September about aspects of the EU’s stablecoin reserve framework and potential effects on bank deposits and financial stability. The debate illustrates why commercial availability for stablecoin products is increasingly dependent on jurisdiction-specific regulatory requirements.

Thredd said its new capability will be introduced market by market according to regulatory, partner and product readiness. That approach reflects the operational reality of global payments: a technical capability can be developed centrally, but its commercial deployment depends on local licensing, banking relationships, stablecoin availability and compliance requirements.

For card issuers and program managers, the potential value extends beyond faster transfers. If stablecoin rails can reduce idle liquidity and simplify movement between currencies, they could change how global card programs manage funding and settlement. But those benefits will need to be demonstrated through live transaction economics, liquidity availability and regulatory-compliant operating models.

Thredd’s expansion ultimately positions stablecoins as another component of embedded finance infrastructure rather than as a standalone cryptocurrency product. The technology is being connected to the ledger, APIs, risk controls and reconciliation processes that already sit behind digital payment products.

As financial institutions and fintechs increasingly experiment with blockchain-based money movement, the competitive question is shifting from whether stablecoins can transfer value to how effectively they can be embedded into existing financial infrastructure. Thredd and Velocity are targeting that integration layer.

Market Landscape

Stablecoin infrastructure is increasingly moving toward enterprise payments, treasury and settlement. Visa reported rapid growth in stablecoin-linked card programs and settlement volumes during 2026, while Mastercard and other payment networks are also developing blockchain-based settlement capabilities.

The underlying market remains relatively small compared with conventional payments. McKinsey’s analysis estimated that genuine stablecoin payments represented only 0.02% of global payment activity in 2025, with B2B transactions accounting for the largest share.

That creates a developing market for stablecoin payment infrastructure, embedded finance, cross-border payments and blockchain treasury technology. The emerging architecture is increasingly hybrid: conventional bank accounts and payment rails remain in place while blockchain networks provide an additional route for settlement and liquidity.

Top Insights

• Thredd is adding stablecoin money movement for B2B and B2B2B payments, including card funding, cross-border payouts and treasury operations.
• Velocity will provide programmable wallets, blockchain and banking connectivity, liquidity, conversion and transaction orchestration.
• The integration connects stablecoin rails with Thredd’s existing ledger, APIs, issuer processing, risk controls and reconciliation infrastructure.
• McKinsey estimates B2B stablecoin payments reached approximately $226 billion in 2025, the largest category of real-world stablecoin payments.
• Commercial rollout will occur market by market, reflecting regulatory, banking-partner and product-readiness requirements.

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