Nuvei merchant clients can now benefit from instant settlement in EUROC, USDT stablecoins
Canadian fintech company Nuvei Corporation (TSX:NVEI) announces that its merchant client base can now benefit from instant settlement globally and around the clock in EUROC and USDT stablecoins.
Stablecoins are price-stable digital currencies backed by a fiat currency such as the Euro or US Dollar. Because they combine the benefits of open, borderless cryptocurrency with the price stability of traditional currencies, stablecoins provide new ways to support corporate finance and working capital management.
“The addition of settlement through the EUROC and USDT stablecoins helps merchants build their next-generation payment treasury,” said Nuvei President Yuval Ziv. “Stablecoins can be transacted by utilizing the blockchain making global cashflow easier to manage,” he added.
Nuvei already offers its merchants instant settlement in locations where Instant SEPA, RTP and Faster Payments are available in fiat currencies. But for those merchants trading on the blockchain or those located in regions where these options are not available, settlement in USDT and EUROC stablecoins provides a much needed, viable alternative.
“Providing instant settlement for merchants is part of the broader real-time payments initiatives designed to shape the future of payments,” said Ziv. “With instant settlement now possible globally, around-the-clock and also in EUROC and USDT stablecoins, we’re staying true to our mission of helping merchants accelerate their business through payments.”