Thredd, the AI-first issuer processing platform, has announced an expansion of its payments platform to include stablecoin-powered money movement capabilities. The expansion is being delivered through a new strategic partnership with Velocity, a stablecoin treasury and settlement platform that brings enterprises onchain.

Stablecoins are digital tokens designed to hold a steady value, typically pegged to a fiat currency such as the US dollar, and they can be transferred across blockchain networks without reference to banking hours or chains of correspondent intermediaries. That combination of price stability, continuous settlement, and programmability is what has fuelled growing interest in stablecoins as payments infrastructure rather than trading instruments — the shift this partnership is built to serve.

With the new capabilities in place, Thredd clients will be able to convert between fiat currencies and supported stablecoins, send funds on-chain or through connected fiat rails, and use stablecoins for funding, payouts, and settlement.

The initial rollout of these capabilities will focus on supporting B2B and B2B2B applications. Planned use cases include stablecoin-backed card programmes, cross-border payouts, global treasury flows, and on-chain settlement.

Jim McCarthy, chief executive officer of Thredd, said the move reflects the growing role of stablecoins in payments infrastructure while sparing clients a technical overhaul.

"Stablecoins are rapidly becoming an important part of global payments infrastructure, but clients should not have to rebuild their payments stack to take advantage of them," McCarthy said. "By bringing stablecoin movement into the Thredd platform, we can connect the issuing and processing capabilities our clients already rely on with new ways to move, convert and settle funds. It's about giving clients more flexibility while maintaining the controls, reliability and operational support they expect from Thredd."

To provide the underlying stablecoin infrastructure for the offering, Thredd has selected Velocity as a new strategic technology partner. Through the partnership, Velocity will provide programmable wallet infrastructure, connectivity to blockchain and banking rails, liquidity and conversion capabilities, and the orchestration required to support transfers and settlement.

Eric Queathem, CEO and founder of Velocity, described the opportunity as less about a new asset class and more about programmable money movement for businesses.

"The real opportunity with stablecoins isn't a new asset, it's a more programmable way for businesses to move and manage money globally," Queathem said. "Thredd's platform is already trusted by some of the most sophisticated card programmes in the market, and this partnership gives those clients a practical way to use stablecoin rails inside an environment they already know. That's where stablecoins get powerful: not as a separate crypto product, but as infrastructure embedded in the systems businesses already use."

According to the announcement, the integration can change the economics of running a global card programme for issuers and programme managers. With stablecoin rails in place, less capital needs to sit idle across markets, prefunding and collateral requirements can be reduced, and settlement funds can move across currencies and geographies without being constrained by the operating hours and intermediary chains of correspondent banking — all with no separate on-chain workflow for clients to build or maintain. Those constraints are a long-standing source of settlement delays and idle working capital in cross-border payments, which is why the capital-efficiency case sits at the centre of the stablecoin pitch for card programmes.

By connecting stablecoin infrastructure with Thredd's existing ledger, APIs, issuer processing, card controls, fraud and risk services, reconciliation, and operational support, the company said clients will have a single commercial and technical entry point for managing how value is held, moved, and spent.

The planned offering is designed as a global capability. Commercial availability will be introduced market by market, depending on regulatory, partner, and product readiness. Which stablecoins will be supported at launch, and which markets come online first, have yet to be announced, with regulatory, partner, and product readiness set to determine the pace of the rollout.