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Decta is done waiting on banks. The London-founded payments platform has started settling international treasury funds in USDC, routed through OpenPayd’s financial infrastructure, cutting out the multi-day delays that traditional correspondent banking pretty much guarantees.
Scott Dawson, Decta’s UK CEO, was direct about the problem. Moving funds between banking relationships to cover operational obligations has always been a pain — cut-off times, processing lags, the whole slow-motion routine that anyone running cross-border treasury operations knows well. Now Decta converts fiat into USDC, moves it, and settles near-instantly across markets. No waiting for a bank in Frankfurt or Warsaw to open Monday morning. The conversion happens through OpenPayd’s over-the-counter capabilities, and the funds land where they need to be without the usual friction.
Worth being clear: this isn’t about customer-facing payments. Decta’s clients — businesses across 32 countries using its payment processing, card issuing, acquiring, and banking services — won’t notice a change on their end. The USDC integration is purely internal. It’s a treasury tool, not a product pivot.
OpenPayd’s Infrastructure and MiCA Authorization
OpenPayd, founded in 2018, built its business around bridging fiat and digital assets. It’s got authorization under the EU’s Markets in Crypto-Assets Regulation — MiCA — which basically means it can legally offer fiat-to-stablecoin conversion services across the European Economic Area without the regulatory grey zone that’s tripped up a lot of other crypto-adjacent firms. That MiCA license matters here. It’s what lets OpenPayd serve clients like Kraken, eToro, OKX, and B2C2 with confidence, and it’s what gives Decta a compliant on-ramp into stablecoin settlement without taking on regulatory risk itself.
The OTC conversion piece is central to how the whole thing works. Decta doesn’t go near a public exchange. OpenPayd handles the fiat-to-USDC leg quietly, at scale, through its own infrastructure. Fast, clean, and — crucially — regulated.
Stablecoin adoption for back-office treasury functions has been growing across the financial industry for a while now. The use case is obvious: companies operating in multiple jurisdictions deal with banking hours, correspondent chains, and liquidity gaps that digital settlement instruments can sidestep entirely. Decta’s move fits that pattern, and it’s probably not the last traditional payments firm to go this route.
Decta’s Earlier Stablecoin Ambitions
Decta’s interest in stablecoins didn’t start here. Back in 2024, the company had conversations with France’s Next Generation about potentially issuing a euro-pegged stablecoin under MiCA guidelines. That would’ve been a bigger play — an actual issued stablecoin, not just using someone else’s. It was contingent on regulatory approval, and there’s been no public update on where that stands. No timeline disclosed. Unclear whether it’s still active or quietly shelved.
But the 2024 discussions do tell you something about how Decta thinks. It’s not just reacting to industry trends. It’s been watching the stablecoin space carefully and looking for places to plug in — whether that means using existing instruments like USDC or, eventually, issuing its own.
For now, the USDC integration through OpenPayd is the concrete step. And it’s a meaningful one for a company operating at Decta’s scale. Thirty-two countries is a lot of banking relationships to manage. A lot of cut-off times to track. A lot of liquidity to shuffle around between time zones. Even shaving a day or two off settlement cycles can free up real working capital, and for a payments infrastructure business, that matters.
OpenPayd’s client list gives a sense of the kind of company it keeps. Kraken, eToro, OKX, B2C2 — these aren’t small operations. They’re platforms that need fast, reliable, regulated fiat-digital conversion at volume. Decta joining that client base puts it in company that’s clearly comfortable treating stablecoins as operational infrastructure rather than speculative assets.
The broader picture here is that MiCA has started doing what it was supposed to do: giving regulated entities a clear path into digital asset services without the legal ambiguity that dominated the space for years. OpenPayd’s authorization is a direct product of that framework. And companies like Decta are now able to plug into that infrastructure without building anything themselves — just integrate, convert, settle, done.
Whether Decta eventually revisits the euro stablecoin idea with Next Generation is an open question. No details on that front. What’s confirmed is the USDC treasury operation running now through OpenPayd’s rails across 32 markets.
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Frequently Asked Questions
What is Decta using USDC for?
Decta uses USDC through OpenPayd’s infrastructure exclusively for internal treasury settlements across international markets — not for customer-facing payment services.
Which clients does OpenPayd serve besides Decta?
OpenPayd’s client base includes Kraken, eToro, OKX, and B2C2, all served under its authorization through the EU’s Markets in Crypto-Assets Regulation (MiCA).
Did Decta previously explore issuing its own stablecoin?
Yes — in 2024, Decta discussed a potential euro-pegged stablecoin with France’s Next Generation, subject to MiCA regulatory approval, though no timeline or update has been disclosed.
