Ripple confirmed a partnership with Convera today to expand stablecoin-enabled cross-border payments for businesses. The collaboration connects Ripple’s blockchain infrastructure with Convera’s global payment network. According to Ripple, the move aims to improve speed, liquidity, and reliability in international transactions through stablecoin-based settlement.
Ripple and Convera Align Payment Systems
In today’s disclosure, Convera and Ripple combined their systems to deliver crypto-enabled payment and treasury services. Convera will manage the full payment experience for its enterprise clients. Meanwhile, Ripple will supply infrastructure for liquidity, on- and off-ramps, and settlement.
It is worth noting that Convera operates as a major non-bank provider in global B2B payments. The company processes more than $170 billion in annual transaction volume. This scale supports the integration of blockchain-based settlement into existing payment workflows.
According to Convera CEO Patrick Gauthier, the company focused on customer demand while monitoring digital currency adoption. He stated that Convera selected Ripple as a partner based on its position in the crypto sector. He added that both firms plan to expand these capabilities across global markets.
Stablecoin Model Targets Faster Settlement
The partnership focuses on what Convera calls a “stablecoin sandwich” settlement model. Payments begin and end in fiat currency while stablecoins handle the intermediate transfer layer. This structure allows businesses to avoid direct exposure to digital assets.
However, the blockchain layer replaces traditional multi-bank transfer routes with faster settlement. As a result, transactions can move across borders with fewer intermediaries. This approach targets regions where correspondent banking remains slow or limited.
According to Ripple SVP of Product Aaron Slettehaugh, enterprises seek faster and more flexible global payment options. He stated that the integration combines trusted infrastructure with stablecoin-powered settlement. This setup gives businesses more control over how and when funds move.
Ripple’s Institutional Push
This deal adds Convera to Ripple’s expanding list of enterprise partners in 2026. The company has continued to scale its payments platform across both traditional finance and digital asset sectors. The collaboration focuses on institutional use cases rather than retail adoption.
The timing also aligns with rising competition in stablecoin infrastructure. This month, as CoinGape reported, Ripple joined Mastercard’s Crypto Partner Program. That network processes more than $9 trillion in annual payments volume.
However, Ripple and Convera did not disclose which stablecoin will support settlement operations. They also did not provide a timeline for rollout to Convera clients. This partnership comes as Mike Higgins disclosed yesterday that Ripple Prime expanded its capabilities through a Hyperliquid integration update.
According to Higgins, the update added HIP-3 symbols for institutional trading access. The system now supports exposure to assets like gold, silver, and oil within a unified margin framework.
Source: https://coingape.com/ripple-partners-convera-to-boost-stablecoin-enabled-cross-border-payments/
