Why Payward-backed Reap is betting on non-USD stablecoins for 24/7 cross-border FX settlement
Reap is preparing to add a Mexican peso stablecoin and is exploring Hong Kong dollar, euro, won and yen tokens for foreign exchange outside banking hours.
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Summary
- Reap plans to add a Mexican peso stablecoin to its card, cross-border payment and treasury products through its global partnership with Visa.
- The Payward-owned fintech is also exploring stablecoins pegged to the Hong Kong dollar, euro, won and yen to support round-the-clock foreign exchange and lower cross-border costs.
- Reap, a Visa Principal Issuer Member in Hong Kong and Mexico, says it can support partners in more than 100 markets while handling regulated card issuance, compliance and bank relationships.
