"Stables, an API-first infrastructure platform, has announced a strategic partnership with settlement provider Mansa to address Asia's stablecoin connectivity gap. The partnership introduces a dedicated liquidity layer for Stables' fiat-to-USDT corridors, allowing fintechs and developers to bypass fragmented banking systems and settle transactions instantly."
"Although the region drives 60% of global stablecoin flows, only 1% of local banks currently support the technology, leaving 150 currencies underserved. Mansa, which has processed $394 million across 40 currency corridors since its August 2024 debut, will provide the settlement liquidity underpinning the integration."
"Asia is the world's most active stablecoin market, yet the underlying pipes are broken, said Bernardo Bilotta, CEO and co-founder of Stables. By partnering with Mansa, we are providing the deep liquidity necessary to turn USDT into a functional tool for cross-border commerce at scale."
Stables partnered with Mansa to create a liquidity layer for USDT corridors in Asia, addressing the connectivity gap in the region. Despite Asia accounting for 60% of global stablecoin flows, only 1% of local banks support stablecoin technology. The partnership aims to facilitate instant transactions for fintechs and developers by bypassing fragmented banking systems. Mansa will provide the necessary settlement liquidity, enhancing Stables' annualized payment volume of $1.5 billion across 150 currencies, positioning it as a compliance-first solution in the stablecoin market.
Read at news.bitcoin.com
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