Wyre will support USDS across our API and Checkout products
We are ecstatic about partnering up with Wyre to offer alternative payment processing and settlement solutions for brick-n-mortar + online merchants who cannot easily accept normal methods like debit/credit cards!
With our solution, merchants can enjoy:
US-compliant #payment and #custody
Major network support (#VISA, #MasterCard)
100% #chargeback free transactions
USD or #stablecoin settlement options
Flexible and competitive fee structure
Same-day or next-day #settlement options
A #borderless merchant account with both USD and crypto / stablecoin support that can send / receive money to / from anyone in the world
If you or someone you know could benefit from our solution, please feel free to email enterprise@stably.io
We also have a #referral #program for #affiliates who help us acquire new clients
Check out Wyre’s post below:
Here at Wyre, we are on a mission to lower the barriers to entry for FinTech and crypto entrepreneurs by offering them compliant ports into a regulated fiat world. As part of an ongoing effort, today, we are excited to introduce USDS to the Wyre ecosystem. Wyre began working on on/off-ramping for the crypto space focused only on a few specific tokens. Bitcoin and Ether were the first two tokens, and then we became one of the first on-ramps for DAI and later added USDC support.
As an infrastructure company, it only makes sense for Wyre to add tokens that we believe offer our network of partners unique capacities or create unparalleled opportunities for growth. Needless to say, the bar is high. The key things we look for are:
- Differentiated: the token offers unique capacities or distribution compared to other similar tokens.
- Compelling roadmap: we have reason to believe the token will become more differentiated over time.
Today we are delighted to announce the addition of Stably’s USDS stablecoin to the Wyre ecosystem.
Stably has been on the cutting edge of using stablecoins to empower non-crypto merchants. Wyre, crypto’s premier payments processing partner, is now powering Stably’s network. This means more payment rails in more regions with higher authorization rates. Using Wyre’s API, partners of Wyre and Stably can accept fiat currency card payments from marketplace buyers that automatically settle in USDS Coin. With the addition of a Stably Prime account, partners can hold, send, and receive fiat, crypto, stablecoins as well as buy or sell crypto with Stably’s partners on PrimeX, a 24/7 settlement network for OTC dealers. These accounts are FDIC insured with no account minimum, no monthly fee, no setup fee, no inactivity fee.
Stably’s USDS is a USD-backed stablecoin issued by a regulated trustee with FDIC-insured fiat reserve. Stably has acquired 100+ partners globally, ranging from crypto exchanges, lending platforms, OTC dealers, and market makers to auditors, law firms, and media/PR companies. USDS is pegged 1:1 on Wyre up to $25,000.
USDS is the first addition of a handful of stablecoins that will be added over the coming weeks. If you are curious enough, you might find hints of the others in the API… Happy hunting!
