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London, March 31, 2026.
First Digital, the issuer of the fiat-backed stablecoin FDUSD, has integrated OpenPayd’s global banking and payments infrastructure to enhance its fiat settlement capabilities, the companies announced today.
The partnership aims to provide strong, regulated fiat rails that support the growing institutional demand for stablecoins by facilitating efficient on- and off-ramping between traditional finance and digital assets.
Key Takeaways
- USD SWIFT and EUR SEPA integration: First Digital now accesses regulated international and European settlement rails directly through OpenPayd.
- Enhanced FDUSD on/off-ramping: Institutional clients benefit from faster, compliant deposits, withdrawals, and treasury movements.
- Bridge between TradFi and crypto: The partnership streamlines fiat-digital asset flows, reducing friction and operational costs.
- Scalability for institutional adoption: Supports growing demand for stablecoins amid clearer global regulatory frameworks.
Under the agreement, First Digital gains access to USD SWIFT accounts for international customer deposits and outbound payout flows to institutional clients. It also secures EUR settlement through SEPA, enabling efficient business-to-business payment flows across Europe.
This consolidation of regulated banking rails within a single infrastructure streamlines fiat flows alongside digital asset transactions, addressing a key pain point for crypto-native businesses as institutional adoption accelerates and regulators introduce clearer frameworks for digital assets.
“Digital asset businesses need resilient fiat infrastructure to operate at a global scale. By providing First Digital with USD SWIFT accounts and EUR SEPA connectivity, we’re enabling seamless, regulated fiat settlement to support stablecoin on- and off-ramping and the continued expansion of the digital asset economy,” said Iana Dimitrova, CEO of OpenPayd.
Vincent Chok, Founder and CEO of First Digital, added: “As institutional adoption of stablecoins accelerates, the infrastructure connecting fiat and digital assets becomes as critical as the assets themselves. OpenPayd’s USD SWIFT and EUR SEPA connectivity gives FDUSD the regulated fiat rails that global institutions demand.”
OpenPayd’s rail-agnostic platform connects businesses to domestic and international payment networks, FX, embedded accounts, and digital asset infrastructure through a single API. The integration allows First Digital to bridge traditional finance with blockchain-based services more effectively, supporting FDUSD’s role in payments, trading, and treasury operations.
FDUSD, launched in 2023, is a transparent, fully reserved stablecoin pegged 1:1 to the US dollar and backed by cash and cash equivalents held in segregated accounts. It has gained traction on major exchanges for its compliance focus and liquidity.
OpenPayd, which processes more than $180 billion in annual payment volume for over 1,000 businesses, is trusted by global brands including eToro, Kraken, and OKX. The company specializes in embedded finance solutions that power the next generation of payments across fiat and stablecoins.
Conclusion
This strategic partnership between First Digital and OpenPayd underscores the maturing intersection of traditional banking and cryptocurrency infrastructure.
By delivering reliable, compliant fiat connectivity, it positions FDUSD for broader institutional use cases in global payments, trading, and asset management, accelerating the mainstream adoption of stablecoins in a digital-first financial world.
Read Next:
- Bitget Wallet Launches Onchain Payments Matrix
- Datavault AI Launches MUSD
- Wirex and Crossmint Announce Stablecoin Card Integration
FAQs:
1. What is the First Digital and OpenPayd partnership about?
First Digital has integrated OpenPayd’s financial infrastructure to add USD SWIFT and EUR SEPA settlement rails, supporting fiat flows for its FDUSD stablecoin ecosystem and institutional on- and off-ramping.
2. How does this benefit FDUSD users and institutions?
It enables faster, more efficient deposits, payouts, and cross-border payments between traditional bank accounts and FDUSD, with full regulatory compliance and reduced settlement friction.
3. What infrastructure does OpenPayd provide to First Digital?
OpenPayd delivers a unified API for global payments, multi-currency accounts, FX, and stablecoin integration, connecting fiat banking rails seamlessly to digital asset operations.
4. Why is fiat infrastructure critical for stablecoins like FDUSD?
While blockchain offers instant transfers, stablecoins still require trusted banking partners for minting, redeeming, deposits, withdrawals, and treasury management to maintain their peg and real-world usability.
5. Who are First Digital and OpenPayd?
First Digital is the Hong Kong-based issuer of FDUSD, a compliant fiat-backed stablecoin focused on institutional digital asset workflows. OpenPayd is a leading UK fintech providing embedded payments and banking-as-a-service to bridge traditional finance with the digital economy.
Disclaimer:
This content is provided for informational and educational purposes only and does not constitute financial, investment, legal, or tax advice; no material herein should be interpreted as a recommendation, endorsement, or solicitation to buy or sell any financial instrument, and readers should conduct their own independent research or consult a qualified professional.
