Ripple joins Convera to streamline business payments with stablecoin rails

Convera said Tuesday it is partnering with Ripple to roll out crypto-enabled payment and treasury services for businesses, marking another sign that stablecoins are moving deeper into mainstream cross-border finance.

The collaboration combines Convera’s commercial payments and FX network with Ripple’s blockchain-based liquidity and settlement infrastructure. Convera says the offering is designed to help businesses move money faster and more reliably, especially in payment corridors where traditional rails remain slow or costly.

The structure is built around the stablecoin sandwich model, where a payment starts in fiat, settles through a regulated stablecoin, and ends in fiat again. That means enterprise users can benefit from blockchain-based settlement without needing to directly manage digital assets themselves. Convera handles the customer-facing payment flow, while Ripple provides the underlying liquidity, on and off-ramping, and cross-border settlement layer.

The partnership also fits into Ripple’s broader push to sell blockchain infrastructure to financial institutions. Ripple said in January that Ripple Payments had reached more than 90 percent of daily FX markets and processed over $95 billion in volume to date.

In March, the company said customers, including Banco Genial and AMINA Bank were already using its infrastructure for near real-time cross-border flows, including use cases that bridge stablecoin and fiat rails.

For Convera, the deal adds a new digital asset settlement lane to a business that already serves more than 26,000 customers across a network spanning more than 200 countries and territories. That gives the company a way to meet rising demand for faster treasury movement and more flexible global payouts without forcing customers to fully step into crypto native workflows.

Stablecoins now sit near the center of the digital payments conversation as major card networks, fintechs, and banks test how blockchain-based settlement can reduce friction in global transfers.

Visa said in January it was expanding stablecoin settlement for US banks, while Mastercard agreed this month to acquire stablecoin infrastructure firm BVNK for up to $1.8 billion. Even so, debate remains over how large the payments opportunity will become, with some analysts still arguing that real-world usage trails the hype.