XDC Tech has partnered with Bridge, the stablecoin unit of payments-technology firm Stripe, to offer a stablecoin settlement option for merchants. This integration allows companies to accept payments in fiat currencies and settle in stablecoins on the XDC Tech platform in near real time.
The arrangement bypasses correspondent banks and multi-day clearing, making it faster than traditional payment methods. XDC Tech, based in Singapore with an office in New York City, processes transactions in two seconds at fees less than a hundredth of a penny per payment.
The companies highlight the speed of the arrangement as a major attraction. XDC Tech can settle over 2,000 transactions per second, making it an efficient option for merchants. Bridge’s licenses in the United States, the European Union, and Latin America provide fast access to systems dealing in fiat currencies.
The partnership is expected to support payments initiated by AI agents, with XDC Tech setting up as a settlement option. Atul Khekade, cofounder of XDC Network, the parent company of XDC Tech, says the partnership is part of a broader build aimed at the agentic economy.
Stripe acquired Bridge in a $1.1 billion deal in February last year. The company made headlines recently with a $53 billion offer to acquire PayPal. The partnership between XDC Tech and Bridge may be the first step in a larger strategy to expand into the agentic economy.
In a similar development, BitPay, an Atlanta-based cryptocurrency company, announced that its European unit, BitPay B.V., has been authorized to operate as a crypto-asset service provider in the European Union. This authorization allows BitPay’s client merchants to introduce acceptance of buy-now-pay-later options for crypto-based payments from anywhere in the EU.
The authorization from the Dutch Authority for the Financial Markets is seen as a milestone for BitPay, strengthening its ability to serve businesses and consumers with regulated digital asset services across the EU. Thom de Jong, chief compliance officer, Europe, at BitPay, says the authorization is an important step for the company.
XDC Tech and Bridge may announce more developments in their arrangement in the future. The companies hint at a broader build, but details are not yet available. As the payments system continues to evolve, partnerships like this one may play a key role in shaping the future of stablecoin settlements.
For now, the integration between XDC Tech and Bridge provides a faster and more efficient option for merchants looking to accept payments in fiat currencies and settle in stablecoins. With its near real-time settlement and low fees, this arrangement may attract companies looking for a reliable and efficient payment solution.
It processes transactions quickly.
They provide fast access to systems dealing in fiat currencies. The partnership is expected to support payments initiated by AI agents, with XDC Tech setting up as a settlement option. Atul Khekade says the partnership is part of a broader build aimed at the agentic economy. XDC Tech is based in Singapore with an office in New York City.
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