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Paytrie AB Inc., a platform for buying and selling stablecoins, is joining the Circle Payments Network in what it says is an effort to expand the reach of stablecoins to consumers in Canada.
The deal, which builds on Paytrie’s support for USD Coin, a stablecoin pegged to the United States dollar, will help Paytrie “modernize money movement for Canadians,” Calgary, Alberta-based Paytrie says.
Launched in May by fintech Circle Internet, the Circle Payments Network is a blockchain-based protocol that enables financial institutions to make and settle cross-border payments using stablecoins on public blockchains. In addition to USD Coin, Paytrie also supports CAD Coin, a stablecoin that Paytrie issues.
In related news, StratX, a programmable financial-infrastructure protocol, has launched a compliance-routing protocol to automate the settlement of stablecoins, tokenized real-world assets, and cross-border payments.
The protocol aims to address the challenge of moving digital assets across multiple rails, such as blockchains and traditional networks, in real time.
Supported by GitHub repositories, StratX allows technical experts to evaluate system design, perform stress-test simulations, and apply compliance logic on its platform. Part of GitHub, a cloud-based platform for software development and version control, GitHub repositories are said to contain all the development information associated with a project, including revisions.
“StratX was built to secure financial sovereignty in an era of programmable assets,” Abel Justin Oliveira, inventor of StratX, says in a statement. “We’re not offering just another fintech tool…we’re providing the programmable backbone for governments, banks, and institutions to trust, route, and settle assets in real time.”
