OpenPayd (openpayd.com), a provider of financial infrastructure for fiat and digital assets, reached an annual recurring revenue of $107 million in October, following 44% year-on-year revenue growth to $25.4 million in the second quarter of its FY27 financial year. The company said the results reflect continued demand across both its fiat and stablecoin infrastructure.

Growth was driven by continued expansion across OpenPayd's established fiat business alongside a rising contribution from stablecoin orchestration. Fiat infrastructure accounted for 70% of first-half revenue growth, with stablecoin orchestration contributing the remaining 30%. The 70/30 split offers a quantified read on how much a stablecoin line in its second year can contribute to growth at an established fiat infrastructure provider.

OpenPayd launched its stablecoin infrastructure in May 2025, extending the platform onto blockchain rails and enabling businesses to move between fiat and digital assets through a single infrastructure layer. First-half revenue from stablecoin orchestration climbed from $0.5 million to $3.9 million year on year — nearly an eightfold increase — as the offering entered its second year of operation.

Iana Dimitrova, Chief Executive Officer at OpenPayd, said: "Passing $100 million in annual recurring revenue is an important milestone for OpenPayd. What's particularly significant is where that growth is coming from – continued expansion across our fiat business, alongside a meaningful contribution from stablecoin orchestration."

"Our clients don't need to make a bet on which rail will win. They need interoperable infrastructure that allows them to move and manage money across both, and use what works best for each flow. These results show how that approach is translating into growth, as existing clients do more with OpenPayd and new clients come onto the platform."

Customers onboarded during FY27 contributed 34% of first-half banking and payments revenue growth. Stablecoin orchestration accounted for 32% of revenue from those new customers, underscoring its role in attracting new business as well as supporting existing clients.

As of October 2026, OpenPayd served more than 1,260 corporate clients and processed more than $360 billion in annualised transaction volume, while client balances held on the platform exceeded $1 billion, reflecting the scale of activity supported across its infrastructure. Because fiat and stablecoin flows run through a single infrastructure layer, those figures capture activity across both rails. Further FY27 reporting on the fiat-to-stablecoin growth split, and on stablecoin's share of new-customer revenue, will show how the second-year trajectory develops from here.

This report was originally published by Global FinTech Series.