Payments platform Decta explores stablecoin-enabled treasury settlement

Update Aug. 11, 6:30 am UTC: This article has been updated to include additional comments from Decta UK CEO Scott Dawson.Payments platform Decta will use USDC to settle its own funds internationally, bringing stablecoins into its back-end treasury operations.Decta said Tuesday that it will use OpenPayd, a financial infrastructure company, to convert company funds into USDC for international settlement, according to an announcement shared with Cointelegraph.“This is a proprietary treasury use case rather than a customer-facing payments flow,” Lux Thiagarajah, chief commercial officer at OpenPayd, told Cointelegraph. “Decta transfers its own funds into OpenPayd’s regulated infrastructure, where they are converted into USDC via OpenPayd’s over-the-counter capabilities to support international operational settlements,” he added.The integration shows how stablecoins are moving into traditional payments infrastructure as a tool for internal treasury and liquidity management, without making stablecoins part of its customer-facing payment services.Stablecoins move into payments firms’ treasury operationsDecta UK CEO Scott Dawson said the company routinely moves its own funds between bankin...