WasabiCard expands its stablecoin payments ecosystem and joins Open USD as an official ecosystem partner. October 20, 2026 06:00 ET | Source: WasabiCard WasabiCard has officially joined the Open USD partner network, building on its existing support for USDT and USDC to further expand its stablecoin payments ecosystem and explore bringing OUSD's open dollar settlement capabilities to card payments and cross-border money movement for businesses worldwide SINGAPORE, Oct. 20, 2026 (GLOBE NEWSWIRE) - WasabiCard, a stablecoin-powered global payments infrastructure provider, today announced that it has joined the Open Standard ecosystem as an official ecosystem partner of Open USD (OUSD). Open Standard is the operator and governance organization behind Open USD (OUSD). OUSD is positioned as open dollar stablecoin infrastructure for global financial activity, including payments, transfers, trading, and other money-movement use cases. WasabiCard currently supports USDT and USDC for stablecoin funding and settlement, helping enterprises operate white-label card programs, cross-border payments, corporate expense management, and fund disbursements. Through its partnership with Open USD, WasabiCard is expanding its stablecoin ecosystem and will explore ways to bring OUSD's open, programmable dollar settlement capabilities into card-payment and cross-border money-movement workflows for global businesses. From USDT and USDC to OUSD, WasabiCard continues to build a diverse and scalable stablecoin payments infrastructure. This gives businesses greater flexibility to select digital-dollar settlement options suited to their markets, operating needs, and compliance requirements, while retaining control over fund flows, payment permissions, and risk management. According to enterprise blockchain data platform Allium's State of Stablecoins and Payments report, filtered stablecoin payment volume during the first eight months of 2026 was estimated at between $401 billion and $527 billion, up 42% to 63% year over year. Businesses received 58% to 64% of total stablecoin payments, while B2B settlement represented the largest single payment segment, estimated at $137 billion to $153 billion. Supplier payments, payroll, cross-border settlement, and corporate treasury management are emerging as the most substantive stablecoin payment use cases. "Businesses do not need another digital asset that can only be held or traded. They need global money infrastructure that works within the payment, card, and finance workflows they already use," said Ray Yang, Chief Executive Officer of WasabiCard. "WasabiCard already supports global business money movement through USDT and USDC. By joining the Open USD ecosystem, we are expanding the settlement options available to our partners and exploring how OUSD's open dollar-settlement capabilities can work alongside familiar card-payment, bulk-payment, treasury-control, and cross-border settlement workflows." WasabiCard provides stablecoin-powered payments infrastructure for global businesses, including white-label virtual and physical cards, corporate expense management, global payouts, and cross-border settlement. The company serves more than 700 enterprise clients, has processed more than $1 billion in cumulative transaction volume, and supports operations across more than 200 countries and regions. Through a single API, businesses can access more than 70 card BINs and settlement capabilities in more than 30 fiat currencies. Across compliance and risk management, WasabiCard provides KYC, KYB, KYT, and AML processes; transaction monitoring; chargeback and fraud management; and more than 300 card-issuance risk controls. These capabilities help businesses maintain the governance and risk-management standards required to scale stablecoin payments and cross-border card programs. About WasabiCard WasabiCard is a global payments infrastructure platform that enables enterprises, fintechs, and internet-native businesses to issue cards, make global payouts, and manage cross-border payments through stablecoin-powered financial infrastructure. Built for modern global commerce, the platform supports global card issuing, multi-currency settlement, stablecoin funding, and embedded payment capabilities. WasabiCard serves a broad range of payment use cases, including advertising spend, AI tools and SaaS subscriptions, global payroll, treasury management, and digital financial applications. Follow WasabiCard on X and LinkedIn for product updates, partnership news, and perspectives on the future of stablecoin payments. Business Contact Fire, co-founder of WasabiCard Email: [email protected] WhatsApp: +852 6242 6393 Disclaimer This content is provided for general informational and educational purposes only. It does not constitute legal, tax, financial, or other professional advice from WasabiCard and should not be relied upon as a substitute for such advice. WasabiCard makes no representations, warranties, or undertakings, express or implied, regarding the accuracy, completeness, adequacy, or timeliness of the information contained herein. For suggested updates or corrections, please contact us at [email protected]. This sponsored content is provided by the content provider and does not necessarily reflect the views of this media platform or its publisher. 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SBI Holdings and Startale launch OUSD pilot for yen-dollar stablecoin interoperability. 16 Oct 2026 Filed under Cross-border currency settlement is notoriously inefficient. Traditional foreign exchange relies on a tangled web of correspondent banks. Transactions often take days to clear. Fees pile up at every single hop. Blockchain technology promises to fix this broken plumbing. Now, a massive new pilot is attempting to bridge the gap between two of the most heavily traded currencies in the world. SBI Holdings and Startale Group have officially joined Open Standard. This rapidly growing industry alliance already boasts heavyweights like Visa, Stripe, Mastercard, BlackRock, and Coinbase. The coalition shares a singular focus. They want to establish Open USD (OUSD) as the default settlement layer for the digital economy. By joining this network, SBI and Startale are initiating a highly ambitious project. They plan to explore direct interoperability between OUSD and JPYSC, a yen-denominated stablecoin. JPYSC is not a speculative crypto asset. It is a strictly regulated, trust-backed stablecoin. SBI Shinsei Trust Bank issues the currency in full compliance with Japan's rigorous Payment Services Act. OUSD mirrors this institutional focus on the American side. It functions as a U.S. dollar-denominated stablecoin built explicitly for global corporate settlement. Connecting these two assets changes the mechanics of international finance. In traditional markets, moving capital between Tokyo and New York requires pre-funded Nostro and Vostro accounts. Counterparty risk lingers for 48 hours during the standard settlement cycle. An onchain stablecoin corridor operates entirely differently. Smart contracts can facilitate atomic swaps. The exchange of value happens simultaneously and instantly. This shifts the entire paradigm. Banks and multinational corporations could eventually settle yen-dollar obligations in real time, 24 hours a day. Open Standard launched in June 2026 with a mission to build internet-native money. The alliance operates on a model that actively rewards business adoption. Companies that integrate OUSD can benefit from shared network rewards and representative governance. This is a massive departure from traditional payment rails, which extract high percentage fees from merchants and transferring institutions. By completely removing traditional toll collectors, OUSD reduces operational overhead for global businesses. When paired with JPYSC, Japanese enterprises gain a highly cost-effective gateway into dollar-denominated markets. The implications for capital markets are equally profound. Tokenized assets represent the next frontier of global finance. However, trading tokenized stocks or bonds requires an equally efficient settlement currency. If an investor in New York wants to purchase a tokenized Japanese real estate asset, the currency conversion process currently creates massive friction. A direct JPYSC to OUSD corridor eliminates this bottleneck. Trades can settle instantly across borders without relying on sluggish legacy banking infrastructure. The timing of this pilot is highly deliberate. Regulatory clarity is finally emerging across major markets. In the United States, the recent passage of the GENIUS Act has dramatically accelerated the development of enterprise-grade digital infrastructure. Meanwhile, Japan has proactively established one of the clearest legal frameworks for stablecoin issuance in the world. SBI and Startale are already pushing the boundaries of this regulatory clarity. Back in July 2026, the companies successfully demonstrated a proof of concept for settling tokenized securities. They used a test environment to automate distribution payments. The ultimate goal is to migrate these complex financial operations directly onto JPYSC. Yoshitaka Kitao serves as the Chairman and President of SBI Holdings. He views this interoperability as foundational infrastructure. "As onchain finance continues to evolve, cross-border transactions will become increasingly prevalent," Kitao stated. "SBI Group is working to establish the 'SBI APAC Digital Economic Zone,' and believes that enabling seamless transactions across borders and currencies lies at the heart of this vision. In particular, ensuring seamless convertibility between yen-denominated and U.S. dollar-denominated stablecoins is essential." Startale CEO Sota Watanabe echoed this aggressive market positioning. He emphasized that the yen and the dollar are two of the most trusted currencies globally. Connecting them natively onchain unlocks massive institutional opportunities. However, significant technical and regulatory hurdles remain. This announcement details an exploratory pilot. It is not the launch of a live commercial service. True interoperability requires deep liquidity pools to handle massive institutional order flow. The project must establish exactly how foreign exchange pricing will be calculated onchain. Smart contract security, cross-jurisdictional compliance, and institutional custody models must all be bulletproof before production begins. For now, the financial sector is watching closely. Stablecoins are no longer just a fiat off-ramp for crypto day traders. They are rapidly becoming the underlying infrastructure for global corporate treasury operations. If SBI and Startale can successfully bridge JPYSC and OUSD, they will create a highly efficient financial corridor. The old correspondent banking model might soon face an existential threat. For information purposes only. Crypto carries risk. Not financial advice!