How Worldpay’s stablecoin partnership can benefit merchants

Worldpay has joined the Global Dollar Network, bringing new opportunities for merchants to take advantage of stablecoin solutions.

Through a partnership with the Solana network, our merchants can now settle transactions with USDG – the U.S. Global Dollar – on the Solana network. The move offers fast, cost-efficient transactions and expands the usefulness of stablecoins in global payments.

The U.S. Global Dollar is a stablecoin, a cryptocurrency linked to the value of an existing currency, in this case the U.S. dollar. One USDG is worth one dollar. It was created in November by Paxos Digital Singapore Pte. Ltd. and issued through the Global Dollar Network.

In February, the network announced it was also available on Solana, a blockchain network, to provide convenient USDG access to users. Blockchains create distributed ledgers that trace all covered transactions securely, which deters fraud.

For nearly a decade, Worldpay has been at the forefront of the digital assets industry, acting as a bridge between traditional finance and blockchain-based services. By supporting USDG, we continue to prioritise payment innovation, meeting the growing demand for stable, programmable digital dollars.

“Worldpay's extensive reach and expertise in payment processing will be invaluable in driving the mainstream adoption of stablecoins and realizing the full potential of digital assets,” said Walter Hessert, head of strategy at Paxos, on behalf of Global Dollar Network.

Practical benefits

Worldpay’s merchants will soon have the option to settle transactions using USDG alongside traditional payment methods. This flexibility can reduce reliance on costly, outdated payment systems. With USDG, cross-border payments are simplified, eliminating currency conversions and long settlement times.

The benefits of using USDG include:

• Enhanced cross-border payments: USDG enables fast, lower-cost international transactions, which helps businesses operate efficiently across global markets.
• Driving innovation: By participating in the development of new stablecoin-based payment solutions, Worldpay is at the forefront of creating new use cases for digital currencies.
• Financial inclusion: Worldpay is committed to making modern financial tools more accessible for businesses and individuals across a wide range of markets, helping drive broader participation in the digital economy.

A new era in global payments

Worldpay’s integration into Solana and the Global Dollar Network reflects the growing importance of stablecoins to global commerce. This partnership gives merchants access to digital dollars and broadens how they do business. By enabling stablecoins, businesses have an opportunity to be part of a growing network, helping to shape the future of digital finance.

“I am thrilled to announce our collaboration with the Global Dollar Network,” said Ahmed Zifzaf, head of crypto partnerships at Worldpay. “This partnership is a testament to our commitment to delivering cutting-edge payment technology to our merchants. By integrating USDG, we are not only enhancing settlement and payments efficiency but paving the way for a new era in digital finance. Our goal is to empower businesses with fast, cost-effective transactions, reinforcing Worldpay's position at the forefront of payment innovation.”

With extensive experience working with crypto exchanges, our global payment solutions are designed to increase the flow of funds while reducing friction, cost and fraud.

• Find out more about Worldpay’s Crypto solutions.