Ripple and Convera Partner on Stablecoin Payments

Ripple and Convera announced a strategic partnership on March 31, 2026, to deliver stablecoin-enabled cross-border payment and treasury solutions for businesses operating globally. The collaboration combines Convera's extensive payment network with Ripple's blockchain infrastructure to address inefficiencies in traditional international transfers.

Convera, a commercial payments provider that operates across more than 140 currencies in approximately 200 countries and territories, will manage the end-to-end customer experience. The company, which originated as Western Union Business Solutions and was acquired for $910 million in 2021 before rebranding in 2023, specializes in foreign exchange and global transfers for over 26,000 enterprise clients. Ripple, a blockchain technology firm, will supply the underlying liquidity, on- and off-ramping services, and settlement systems.

At the core of the partnership is a model known as the stablecoin sandwich, in which payments originate and conclude in fiat currency but undergo settlement through regulated stablecoins. This approach allows businesses to leverage blockchain for faster and more reliable transactions without directly managing...